SOL Global Investments (CSE: SOL) (OTCQB: SOLCF) (Frankfurt: 9SB) announced that 3 Boys Farms has obtained Good Agricultural Practices-Farm (GAP) and Good Manufacturing Processing (GMP) approvals for its state-of-the-art cannabis cultivation facility in Ruskin, Fla.
3 Boys Farms owns and operates one of the original 14 medical marijuana treatment center licenses in Florida. SOL acquired 3 Boys Farms through the closing of its purchase of CannCure Investments and has invested over USD $8 million to upgrade both the operations team and facilities to scale up for a statewide launch of cannabis medicine via its home delivery system and retail dispensaries.
“These certifications will allow us to deliver the best possible cannabis flowers and products to Florida’s medical patients. Our model in collaboration with GMP and GAP certifications allows 3 Boys Farm to literally be the only cannabis cultivator in the state using organic living soil while following strict organic principles in all practices,” SOL Global’s interim Chair Brady Cobb said in a statement.
3 Boys Farm Operations
Recent investments from SOL and its majority-owned subsidiary CannCure financed the Ruskin facility’s development of modern equipment, including full air-conditioning of its four greenhouses and substantial power upgrades for continued expansion.
Covering 24,000 square feet, the Ruskin facility includes three flowering greenhouses, a vegetative greenhouse, propagation and seedling space, and high-grade harvesting and post-harvest production areas.
3 Boys also launched its statewide delivery model in July 2019, and currently has a fleet of 13 vans and trucks making statewide delivery of cannabis flower to Florida’s patients.
3 Boys Farms is preparing to launch its retail dispensaries and an expanded product offering that includes distillates and firmly established brands via exclusive license agreements. The company’s first two stores are anticipated to open before the end of October 2019 in St. Petersburg and Boynton Beach, respectively, and a total of six locations expected to be open by the end of 2020.
3 Boys Farm will have a total of 20 locations open by the end of 2020. The launch of new product offerings and dispensary openings remain subject to the receipt of all required governmental approvals.
In April 2019, 3 Boys Farm’s new state-of-the-art extraction and processing facility in Indiantown, Fla., received approval from the State of Florida’s Department of Health, Office of Medical Marijuana Use to begin processing and dispensing its premium cannabis flower and pre-rolled products.
The current 2,500 square foot processing and extraction facility has been fully operational since approval and has created thousands of grams of oils and distillates, and processed hundreds of pounds of cannabis flower. The new 50,000 square foot greenhouse facility is expected to be fully operational by January 2020, subject to the receipt of all required governmental approvals and will support additional store openings across Florida.
Recently, 3 Boys Farm formed a partnership with ChemDog for the rights to exclusively cultivate and dispense the strain of nationally-recognized cannabis known as ChemD. and ChemDog’s first harvest at 3 Boys Farm is expected for late October 2019.
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