Mettrum Secures Twenty-Fold Incremental Land for Growth.
Mettrum Health Corp. (TSXV:MT.V), through one of its wholly owned entities, Agripharm Corp., has entered into a lease agreement with Miller Agriculture Ltd. to increase land available for growth from one acre to 20 acres.
“Given the continued and rapid increase in demand for our products, which has resulted in Mettrum’s significant revenue and patient growth over the past number of quarters, we are always planning forward and ensuring to have ample growth capacity for the future,” said Michael Haines, chief executive officer of Mettrum Health Corp. “By increasing the availability of land at Agripharm by 20 times, combined with the availability of production capacity at our state-of-the-art production facility in Bowmanville, we are on track to achieve our objective of 50,000-kilogram capacity by 2019 and well positioned to service the rapidly growing and evolving cannabis market.” Because the leased property is contiguous with the existing Agripharm facility, Mettrum will not need to apply for a new, separate licence to expand its production on this new property.
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