Juva Life Inc. Receives State Approved Cannabis Cultivation License for Facility Located in Stockton, California from Calcannabis Cultivation Licensing, A Division of the California Department of Food and Agriculture
January 19, 2021 at 07:02 am EST
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Juva Life Inc. announced receipt of state approved cannabis cultivation license for its almost 30,000 sq. ft. facility located in Stockton, California. After approximately 30 months of dedicated effort encompassing a comprehensive regional and municipal permitting process, extensive physical upgrades, and equipment installations, Juva has received a greenlight from CalCannabis Cultivation Licensing, a division of the California Department of Food and Agriculture. The agency ensures public safety and environmental protection by licensing and regulating commercial cannabis cultivators statewide. CalCannabis also manages the state's track-and-trace system, which tracks all commercial cannabis and cannabis products--from cultivation to sale. With licensing approval, Juva is now moving swiftly to fully activate its newly upgraded facility by planting approximately 8,000 sq. ft. of flowering canopy and 5,000 sq. ft. of non-flowering canopy. An additional 4,500 sq. ft. of space has been subdivided into trim, dry storage, breeding, pre-roll, packaging, and environmental system rooms. Three of the five growing spaces are ready for immediate planting with another two expected to be completed by second quarter of 2021. Once all five rooms are fully operational, the facility is expected to have the annual capability to produce approximately 6,000-pounds of high-quality cannabis flower. Cultivated flower production is slated for use in Juva branded products, contract production services, and clinical research targeting novel product formulations. In addition, the facility includes almost 3,000 square feet of space for use as a delivery, packaging and distribution center. As of October 2020, Juva has operated a growing cannabis delivery fleet from this location, offering nearly 400 product SKU's to the approximately 750,000 residents of San Joaquin County. Plans for 2021 include expanded delivery services to the municipalities of Tracy, Modesto, and Elk Grove. The facility provides the residential delivery service separately from the distribution center which is designed to service B2B shipping of bulk cannabis to other licensed cannabis businesses as well as planned distribution of Juva branded products. The entire facility has been outfitted to be completely powered by low emission onsite natural gas generators so that electrical grid power serves as a system backup in order to reduce electrical operating costs by as much as 50%.
Juva Life Inc. is a Canada-based life science company with both pharmaceutical research and development and consumer-facing operations in cannabis production and distribution. The principal business of the Company is to acquire, own, and operate various cannabis businesses in the state of California. Its segments include the resale of merchandise and cannabis derived products, and cultivation and sale of trim and flowers. The Company is vertically integrated and consists of five divisions: Juva Cultivation, Juva Research, Juva Manufacturing, Juva Distribution, and Juva Retail. Juva Cultivation focuses on cultivating and distributing cannabis to medical and recreational cannabis users. Juva Retail is a network of retail cannabis facilities that serves the San Francisco Bay Area and other areas. It leverages revenue derived from its retail operations to advance JUVA-019, JUVA-041, and other potentially valuable non-cannabinoid bio actives for consumer and pharma product applications.
Juva Life Inc. Receives State Approved Cannabis Cultivation License for Facility Located in Stockton, California from Calcannabis Cultivation Licensing, A Division of the California Department of Food and Agriculture