The company maintained a strong balance sheet with cash of $31,700,000, no debt, significant assets and continues to execute on management’s vision of becoming the largest indoor grow facility in the world with total grow capacity, once completed, in excess of 3,000,000 square feet. The construction in Coburg, Ontario remains on schedule with cultivation expected to commence in the first half of 2019. Strong cash position at Jwith $31.7 million cash and even more in liquid assets.The first cannabis crop has been harvested and tested which is an essential step in the granting of a sales license. 105,000 square feet by Cannara partnership at the facility close to Montreal, Quebec underway 220,000-square-foot expansion at Cobourg, Ontario, with a total budget of $55,000,000 Construction underway of the Auxly partnership Phase 1, approx.Completion of 25,000 square feet solely owned by FSD Pharma.These filings are available for review on the company’s SEDAR profile at Highlights of The Company: (CSE: HUGE) (OTC: FSDDF) reported its financial and operational results for the second quarter of fiscal 2018, ended June 30, 2018. TORONTO, Aug/CNW/ – PRESS RELEASE – FSD Pharma Inc. operations are cash flow positive with the company expecting even greater profitability for the second half of 2018 as regulators continue to ease restrictions on the production, distribution and sales of CBD products across the country due to soaring consumer demand. The company’s revenue for 2017 increased approximately 500 percent from 2016, with a minimal 5 percent increase in expenses. Green Gorilla’s overall revenue for the first half of 2018 increased 275 percent from the same period in 2017, while expenses only increased 150 percent. Av Singh, Ph.D., P.Ag, a noted expert in the growing and harvesting of hemp, will serve as chief science officer. Burt is a biologist and has extensive experience in soil and nutrient sciences and is also managing director of Green Gorilla joint venture MasterGrower which will provide organic, biodynamic soil and nutrients for FarmCo growing operations. Saxton will serve as the CEO of Gorilla FarmCo, and Kemper Burt has been appointed president. The company will be in control of the genetics and the biomass, ensuring the highest quality organic seed-to-shelf CBD products.” “We have established a scalable operation that will enable us to increase CBD production based on manufacturing needs to bring consumers superior CBD products. “Green Gorilla will now be one of the only nationally distributed brands offering consumers USDA Certified Organic seed-to-shelf products,” said Steven Saxton, founder and CEO of Green Gorilla. Gorilla FarmCo will sell CBD and hemp byproducts to other companies for use in a variety of products. The company will also be developing additional, unique biodegradable products from the remaining hemp biomass. The organic hemp biomass will be processed using state of the art, proprietary CO2 extraction as well as new prototype organic procedures to extract the CBD used in Green Gorilla's line of CBD products for humans and pets. Gorilla FarmCo will oversee the seed genetics, planting, organic growing and harvesting of hemp plants on an initial West Coast location of 80 acres scalable to 1,000-plus acres with the first harvest due in late 2018. The new company will be a division of Green Gorilla. 30, 2018 – PRESS RELEASE – Green Gorilla, a leading manufacturer and brand of cannabidiol (CBD) products, has launched Gorilla FarmCo to manage its newly established hemp-growing operations.
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