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Core One Labs’ Subsidiary, Core Isogenics Inc., Flowering Room is Now Operational and Anticipating its First Harvest

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Core One Labs Inc. (CSE: COOL), (OTCQX: CLABF), (Frankfurt: LD6, WKN: A14XHT) (“COOL” or the “Company”) announces that its wholly-owned subsidiary, Core Isogenics Inc., has completed multiple transfers (approximately 6,400 seedlings) from the vegetation room to the flowering room.

Core Isogenics’ flowering room is now operational and anticipating its first harvest in December. This is a significant milestone in the Company’s journey to full seed to sale ability.  The Company has now moved approximately 6,400 plants (approximately 80% of the flowering room) that:

  1. originated as seedlings in the nursery/genetics room;
  2. were moved to the vegetation room during the immature plant stage;
  3. are in the flowering room where the plants begin their final stage of producing high quality flower; and
  4. when fully mature, will be harvested, then transferred for drying and processing for sale.

After the process is complete, the flower will be sold by the Company’s distribution partner, Fenix Logistics, as well as processed for use in the Rêveur and CannaStripsTM brands.

The plants are being moved from the vegetation room where the focus is on maturing the plants to a specific size and shape and into the flowering room. In the flowering room, the Company will utilize a different lighting system and optimize the feeding schedule and nutrient mixture to promote high quality flower production.  The facility is able to track the growing conditions in both rooms, as well as the feeding schedule, in order to gather information, facilitate duplication of the process, and consistently produce high quality product in every harvest.  This consistency is vital in streamlining the weight and quality of the product and provides clients with predictable product, ensuring an ongoing revenue stream for the Company.

President of Core One Labs Inc., Casey Fenwick, stated, “Being able to produce our own indoor flower on a year-round basis opens the door to increased product lines. These lines include selling flower in bulk and through our brands in smaller increments with higher margins.  We have seen a demand for high quality legal product and this is evident in the market prices.  Our indoor growing ability will allow the Company to control the cost and quality of oil that goes into our flagship product CannaStripsTM.  The Company will also produce a concentrate from our own material further diversifying our product line.  We are seeing our plans come to fruition and this indoor cultivation ability is another example of our strategy to mitigate the risks faced by many of our competitors while providing the Company with multiple revenue streams.”

Additionally, the Company is pleased to announce the engagement of Khaos Media Group for its marketing and shareholder awareness program. The services will be provided under a month-to-month agreement at US$40,000 per month.

 

SOURCE Core One Labs Inc.

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