The cannabis industry is evolving rapidly and this trend is forecast to continue into 2030 and beyond. With Green Mountain’s adaptive business model and exploratory R&D initiatives we are confident that we will be leading the way as the industry continues to unfold.

Approach to Cannabis Production

Green Mountain established its grow and production facilities in the Southern Okanagan to take advantage of the agriculture friendly microclimate. Our location combines favorable grow conditions with attractive logistics for product transportation by road and air. The production facility is fully operational with an annual production of premium dried cannabis flower of 1 -1.5 tons. The company was granted a processing license in September 2022. Processed products command higher sale values and margins allowing Green Mountain to further develop its initiatives.

The Green Mountain philosophy is to ensure flexibility in the face of changing market dynamics. We believe in adapting to market forces to ensure the business remains competitive regardless of upswings and downturns in the industry. Green Mountain turned cashflow positive in November 2023 during arguably the most challenging period for the Canadian cannabis industry since its inception. In addition to our current B2B sales, export initiatives and potential medical collaborations the company will open new sales channels in 2024 as we develop retail products such as pre-rolls and infused pre-rolls and take advantage of our processing license to package products for 3rd party licensed producers. These additional products and sales will in turn drive increased cashflow.

We project consistent year-on-year growth as we expand our grow site and as cannabis treatments become more widely accepted and mainstream. Over the medium term we anticipate that the medical cannabis industry will reach “Cannabis 4.0” – where cannabis R&D has advanced sufficiently for treatment formulations to become available for chronic conditions and diseases.

Stock information

Last updated : OCTOBER 18, 2018 11:54 AM EDT

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