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

Man and woman in their 60s identified by RCMP as bodies in Anglemont residence

Police investigation continues, say no suspects are being sought at this time

UPDATE: Power back on for much of the Shuswap

Outages due to downed wires and a transmission circuit failure

Salmon Arm’s Shoemaker Hill closed for winter

Snowfall prompts quick closure of steep and winding stretch of road

Letter: Air quality monitoring suggested for Highway 1 in Salmon Arm

Writer highlights health impacts from motor-vehicle traffic exhaust

Secwepemc Lakes Tourism projects look to support Indigenous youth, entrepreneurs

Collaboration includes Neskonlith, Adams Lake, Splatsin and Little Shuswap Lake bands

‘We love you, Alex!’: Trebek gets choked up by ‘Jeopardy!’ contestant’s answer

The emotional moment came in Monday’s episode when Trebek read Dhruv Gaur’s final answer

Birthday boy: Pettersson nets 2 as Canucks beat Predators

Vancouver ends four-game winless skid with 5-3 victory over Nashville

‘Homes not shelters’: Those living on Kelowna streets rally for rights

On Tuesday, Leon Avenue residents came together to demand change

North Okanagan councillor pitches homeless camp at city hall

805 bylaw calls in 10 months were for inappropriately set-up camps

Vernon car fire deemed suspicious

SUV found fully engulfed with nobody around at 4 a.m. Tuesday on Commonage Road

Judge rejects Terrace man’s claim that someone else downloaded child porn on his phone

Marcus John Paquette argued that other people had used his phone, including his ex-wife

Police surround Peachland neighbourhood

The incident in Peachland is now over

Penticton arts, culture and sports programs get boost of over $500,000 thanks to provincial grant

The B.C. Community Gaming Grants program will be distributing $505,900 to 18 local groups

Okanagan school districts reach agreement with CUPE Local 523

The union represents members who provide a variety of services to support students

Most Read