CALGARY—Terra Life Sciences Inc. says it will immediately begin construction on Terra Quantum, the second phase of the company’s medical cannabis cultivation operations, following approval of the company’s development permit for the project by the Town of Olds.
The 230,000 square foot facility will be built adjacent to the company’s existing pharma manufacturing operations and its phase one, 50,000 square-foot, cultivation facility now nearing completion.
With this capacity, the company will maintain control over its supply chain and production quality and volumes. The combined cannabis production capacity of the two buildings will be approximately 35,000 kilograms per year.
Dr. Anil Jain, President and CEO of Terra Life Sciences, said site preparation work will begin immediately, with an intended in-service date in the second quarter of 2019.
“We are one of the largest employers in town, we’ve been a proud part of the community here for 35 years, and we intend to increase our economic and employment contributions in the communit,” said Jain. “…we look forward to working closely with the Town as it delivers on its mission to embrace innovation, enhance economic development and generate prosperity for our community.”
Terra Life has selected the Ledcor Group as its prime contractor for Terra Quantum while Construction work is currently underway on the company’s on-site Research and Breeding Centre.
This facility will allow Terra Life Sciences to create unique strains and chemical profiles of medical cannabis designed to target specific medical conditions. Construction of that 17,000 square-foot facility is expected to be complete in Q4 2018.
The company will hire 20 additional staff in the very near future, with more recruitment to follow as Terra Quantum and the Research and Breeding Centre come into service. More than 100 people will be employed for construction of the two new projects.