Evexia Wellness Management to Begin Construction of Lachute Cannabis Production Facility in Q1 2018

LACHUTE, QC, Dec. 6, 2017 /CNW Telbec/ - Evexia Wellness Management (Evexia), a late-stage applicant licensed producer under the Access to Cannabis for Medical Purposes Regulations, is pleased to announce that construction of its 50,000 square-meter cannabis production facility will begin in Q1 2018. The first stage of this multi-phase project, targeted for completion by Q3 2018, will consist of a 5,000 square-meter greenhouse and office building, which will result in a Phase 1 capacity of 5,000 kg of dried cannabis.

"We are pleased with progress under Health Canada's new streamlined licensing approval process," said Nick De Stefano, Evexia's Managing Director. "Lachute is an ideal production location and has garnered the attention of major cannabis industry players across Canada in recent months. Aside from its proximity to Montreal, an international airport and low energy costs, the political support for our project at all levels of government has been encouraging."

Mayor of Lachute Carl Péloquin notes that Evexia's production facility will be an "economic driver for our town, creating local jobs and contributing to the public purse on a broader level. We welcome this project in Lachute and hope to see Evexia's plant up and running, employing local residents by next summer."

Stéphane Lauzon, federal MP for the local riding of Argenteuil–La Petite-Nation, has voiced confidence in Evexia's management team, explaining that they "put together a very impressive proposal. Members of Evexia's leadership team have been creating jobs in the community for decades in other sectors and we are thrilled that they continue to attract investment in Lachute through this project."

About Evexia

Evexia's mission is to become one of Canada's lowest-cost-per-gram producers of premium cannabis by leveraging Quebec's affordable energy costs and its location adjacent to a valuable source of bioenergy, which would provide additional production cost savings.

The firm's production facility will be located on a 150,000 square-meter site at 7611 Chemin des Sources in Lachute, Quebec.

Evexia's planned multi-phase project will result in 50,000 square meters of greenhouse space and an annual growth capacity of 50,000 kg of dried cannabis.

evexiawm.com

SOURCE Evexia WM