Cerus Energy Group (TSXV:CEA) (“Cerus” or the “Company”) is pleased to report, as part of the company’s new business plan, Camarico Group’s subsidiary Camarico Land & Development Corporation has successfully completed the re-zoning of its 320-acre leased land position in the County of Vulcan to “Direct Control.” The “Direct Control” designation will allow for the licensing and future cultivation of both medical and recreational marijuana, and the development of supporting infrastructure, key technologies and fully-compliant growing facilities.
Camarico is planning to use the large land base of the Vulcan land lease area as the backbone for growth and expansion in the emerging medical and future recreational marijuana industry. Comarico’s goal is to provide the highest quality product on an industrial scale, at an industry leading “cost-per-gram” production cost, through the unified efforts of talented personnel, a progressive municipality, and the uniquely integrated and highly efficient platform of Camarico.
Camarico Land & Development intends to file a development application with the County of Vulcan for a multi-phase land and facility development strategy in the coming weeks.
Vulcan County is strategically located between Calgary and Lethbridge with access to great local talent from the immediate rural areas, including the towns of Arrowwood, Mossleigh, Carseland, Vulcan, Strathmore, Okotoks and High River.
According to Cerus Energy CEO R. Mackenzie Loree:
"We are pleased to have the opportunity to work with the County of Vulcan and its residents in this landmark project for Camarico. This project will provide long-term economic opportunities and growth to the area through innovation and scale in a world-class industry”
For more information on Cerus and the Camarico Group operations please visit the web site at: 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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