ICC Labs (TSXV:ICC) announced its application for approval to construct a 1 million square foot greenhouse facility on land from the Government of Uruguay.
As quoted in the press release:
The assembly of this greenhouse will advance ICC Labs’ intention to become the largest THC producer in Latin America.
“We feel highly confident in getting into the large scale indoor production because of the know-how developed over the past 18 months. Once fully operational, this new greenhouse could produce an annual yield of 120 million grams of dry flower which will allow the Company to produce THC related products. Subject to regulatory approval and according to international demand, we will determinate the amount of THC dry flowers to be exported and the amount to produce THC derivatives”, commented Alejandro Antalich, Chief Executive Officer of ICC Labs.