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.

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

A fundraising initiative has been set up to help Mirjana Komljenovic, who has been diagnosed with Hermansky Pudlak Syndome and requires $2,000 a month to cover the costs of her medication. (gofundme.com)
Fundraiser created to help Summerland woman with rare condition

Mirjana Komljenovic requires costly medication to treat Hermansky Pudlak Syndome

Mara Lake is one of the significant water resources across the Okanagan-Shuswap region that will fall under increasing sustainability pressure as the anticipated population growth for the region continues in this century. (File photo)
Okanagan Valley water supply sustainability reaching a critical point: Global expert

Global expert says Okanagan Basin Water Board offers sustainable path forward

Morgues.
Morning Start: Cruise ships have their own morgues

Your morning start for Friday, Oct. 30, 2020

Stats Canada released figures on the 2019 violations handled by RCMP in Penticton on Oct. 29. (Phil McLachlan - Black Press Media)
Crime rate skyrockets in Penticton from 2018 to 2019

Penticton saw a 52 per cent increase in the crime rate

(Black Press Media files)
Charges dropped against alleged indecent Osoyoos mountie

The RCMP have a separate internal investigation into the officer

Physical distancing signs are a common sight in B.C. stores and businesses. THE CANADIAN PRESS
272 more COVID-19 cases for B.C., outbreak at oil sands project

Three new health care outbreaks, three declared over

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Several police vehicles were seen at the Sagmoen farm on Salmon River Road in Silver Creek on Thursday night, Oct. 29, 2020. (Martha Wickett-Salmon Arm Observer)
UPDATE: One person arrested, released following police presence at Sagmoen farm

RCMP were at Silver Creek property where remains of Vernon woman were found in 2017

Vernon Council voted in favour of implementing a 500-metre buffer between all new cannabis stores in the city at its meeting Monday, Oct. 26, 2020. (Black Press files)
New cannabis shops in Vernon will need to stay 500m apart

The distancing rule won’t apply to existing stores, including the six currently in downtown core

A case of COVID-19 has been confirmed at Little Seedlings Daycare in Armstrong, located beside Highland Park Elementary School (pictured above). Interior Health confirmed the positive case was present at the daycare on Oct. 22 and 23, 2020. (Google image)
COVID-19 case reported at Armstrong daycare

IH letter says positive case was present at Little Seedlings Daycare Oct. 22 and 23

Heather Pescada is Ms. Halloween and when COVID threatened to ruin her haunted fun, she got creative, inventing a six foot candy chute at her Summerland, Trout Creek home.
(Peskelly Family Facebook page)
Okanagan Halloween house invents huge candy chute

The six foot chute looks like the snake from Nightmare Before Christmas

This house at 414 Royal Ave. became notorious for its residents’ and visitors’ penchant for attracting police. It was also the site of a gruesome torture in August 2018. It was demolished in 2019. KTW
6-year sentence for Kamloops man who helped carve ‘rat’ into flesh of fellow gang member

Ricky Dennis was one of three men involved in the August 2018 attack

Cpl. Nathan Berze, media officer for the Mission RCMP, giving an update on the investigation at 11:30 a.m., Oct. 30. Patrick Penner photo.
VIDEO: Prisoner convicted of first-degree murder still at large from Mission Institution

When 10 p.m. count was conducted, staff discovered Roderick Muchikekwanape had disappeared

Most Read