True Leaf cannabis facility for sale in North Okanagan

Cannabis company seeks joint-venture partner to shift focus to pets

Lumby’s True Leaf Cannabis Campus building is up for sale and the bid date is set for Nov. 29. But True Leaf isn’t going anywhere.

The 40-acre industrial property zoned for cannabis production is now listed on Unique Properties.

Director and public relations specialist Paul Sullivan said True Leaf is seeking a joint-venture partner to allow the company to focus more on its pet products.

“It’s less necessary to own a facility and more necessary to put our resources to expanding our pet division,” he said.

With its growing supply of pet products being sold in 3,500 stores around the world, Sullivan said True Leaf is seeing a lot of success on that front.

“We’re not focusing so much on growing cannabis, but building a pet business,” he said. “Cannabis is an ingredient, but it’s not the end product.”

The facility built in Lumby requires True Leaf to concentrate more so on the cannabis growing side of things, taking focus away from growing the pet sector.

“It would be great if we could get an arrangement where we have a partner who could purchase a significant portion of the project so we could work together to better our business,” he said.

The ideal candidate, Sullivan said, “is someone who is prepared to work with a long-term tenant such as ourselves.”

In August, the global cannabis brand completed the final step towards securing its licence for its 18,000 square-foot facility in Lumby.

The current phase of the two-story facility was completed earlier in 2019 on the 40-acre site. The facility is meant to be a central hub for the company’s operations in the region, serving as the initial grow area. It will also be used for whole-plant extraction and packaging of therapeutic cannabis products.

“This site evidence package is a significant milestone for True Leaf towards becoming a licensed producer of cannabis,” True Leaf’s founder and CEO Darcy Bomford said in August.

READ MORE: True Leaf reports record quarter

READ MORE: True Leaf closes in on licence for Okanagan cannabis hub


@caitleerach
Caitlin.clow@vernonmorningstar.com

Like us on Facebook and follow us on Twitter.

Just Posted

Empire Hydrogen bringing pollution-reducing fuel system on Okanagan tour

The company will be running information sessions starting on Nov. 20.

Summerland council considers change to meeting schedule

Proposal calls for afternoon session and 6 p.m. evening session for regular meetings

Hello Santa! Artwalk features 17 local galleries

From 4 p.m. until 9 on Nov. 21 the public is invited to the free event.

The SS Sicamous celebrates the season with a light-up party Dec. 14

Carollers, Santa, a holiday model train, and more will be available by donation.

KIN KITS to provide cold weather supplies to local homeless

The 100 kits will be distributed by local organizations and outreach groups

VIDEO: Hong Kong police shoot protester, man set on fire

It was the second protester shot since the demonstrations began in early June

Photos: Lest We Forget

Today, Penticton remembers those who fought for our country and way of life.

Empire Hydrogen bringing pollution-reducing fuel system on Okanagan tour

The company will be running information sessions starting on Nov. 20.

PHOTOS: Hundreds come out to Remembrance Day ceremony in Keremeos

Ceremony began at 10:45 a.m. at Keremeos Legion Branch

Sportsnet fires Don Cherry after negative comments about immigrants

Don Cherry had said immigrants don’t wear poppies like other Canadians do

Trudeau’s new cabinet: Gender parity because it’s 2019? Or due to competence?

Prime Minister Justin Trudeau will soon appoint his new cabinet

Canada among three G20 countries least likely to hit emissions targets

It says Canada, South Korea and Australia are the farthest off

Conservatives’ Scheer wants Trudeau to open Parliament Nov. 25

That’s five days after Justin Trudeau is scheduled to swear in a new cabinet

Coquihalla, Okanagan Connector drivers cautioned due to freezing rain

Special weather statement in effect for highways between Hope, Merritt, Kamloops and Kelowna

Most Read