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

Canadian Air Force joins Okanagan rescue of missing Kelowna snowmobiler

The teen had been missing since just after 6 p.m. on Monday

City of Kelowna signs UNHCR statement of solidarity with refugees

The #WithRefugees campaign invites cities working to promote inclusion and support refugees

Aquilini Group addresses heating complaints at SOPA Square in Kelowna

Some store owners have been without heat at development for up to a month

Kelowna remains eighth most expensive rental market in Canada

The rates for one and two bedroom units in Kelowna remained the same

Gas prices falling in Central Okanagan

Six of the cheapest B.C. gas locations are currently located in Penticton

Budget 2020: ICBC ‘dumpster fire’ to turn into $86M surplus, NDP say

ICBC operating with $91-million deficit for 2019-2020 fiscal year

Town of Osoyoos voices support for proposed casino

Osoyoos council today voted to submit letter of support regarding proposed casino on OIB land.

Two law enforcement trucks ‘deliberately’ set on fire in northern B.C., RCMP say

Police say they have video evidence of a person in the area of the truck fires

Nanaimo man wins lotto, plans to buy $16,000 fridge

Curtis Wright a winner in Lotto 6/49 draw

Three protesters arrested after blocking driveway at premier’s home

Protestors claimed they would make a citizen’s arrest of the Premier, according to West Shore RCMP

Community mourns Revelstoke snowmobiler death

Alexandre Labonté was an avid sledder and mountain biker

Budget 2020: B.C. adds tax to sweet drinks and sodas

All soda, vending machine drinks will be subject to higher PST

Budget 2020: B.C. unveils new grant for students, phases out debt-relief program

For the first time, diploma, certificate students qualify for yearly post-secondary grant

Budget 2020: B.C. NDP taps top tax bracket for more revenue

Minimum wage set to pass $15 an hour by 2021

Most Read