Cerus Energy Group (TSX-V:CEA) (“Cerus” or the “Company”) is pleased to announce that Camarico Land & Development (Cerus subsidiary) has received a Development Permit for its Georgetown Development in the County of Vulcan. The permit will take effect on September 6th, 2018, unless otherwise notified by the County.
Georgetown is a 75-acre development, classified under Direct Control by the County of Vulcan Land Use Bylaws. The planned development is comprised of 19 lots, serviced by private utilities for the exclusive designation of cannabis cultivation. The company will erect one 58,000 sq/ft +- building per lot, to service crop production and or the management of mother plants for clone supply. Designated crop production operations will be conducted with the use of the company’s “El Rollo” growing machines.
The primary objective of the company is to become one of the lowest cost producer of high grade marijuana for concentrates production. As part of this objective, our focus will be to service the wholesale processors market, with a consistent quality, supply and price in order to support and assist their growth of respective edible and concentrates markets.
The company is looking forward to the completion of the “El Rollo” Growing Machines and Fabrication Process, through the completion of testing with a qualified third party for performance verification and optimization activities.
Camarico Chief Executive Officer, R. Mackenzie Loree stated:
"The Company is extremely pleased with the issuance of the Georgetown development permit from Vulcan County. This development provides the foundation for our ambitious business plan, while also giving stakeholders such as the residents of County, an immense opportunity to participate in the long-term growth in the new and enormous potential of the worldwide marijuana market. The company is committed to working with the county in order to turn our Georgetown facility and operations into the benchmark for success and leadership of marijuana cultivation in Canada.”
For more information on Cerus and the Camarico Group operations please visit the Camarico website at: https://www.camarico.ca/.
For further information regarding Camarico, see the Company's profile on SEDAR at www.sedar.com.
Anthony Chan, CEO & CFO
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