SpeakEasy Cannabis Club Ltd. (CSE: EASY) (Frankfurt: 39H) (the “Company” or “SpeakEasy“), a holder of a federal licence to cultivate, process and sell cannabis under the Cannabis Regulations, is pleased to announce that is has submitted an application for amendment to Health Canada in order to add its 60-acre field to the Company’s licence.

SpeakEasy has completed the preparation of its 2.6M sq. ft (60 acres) field, which will enable the production of approximately 70,000kg of cannabis in 2020.   Additionally, the Company intends to develop an additional 2.6M sq. ft facility, increasing its production capacity to approximately 150,000kg and positioning the Company to be one of Canada’s largest cannabis producers of extremely low-cost products.

The cost of construction for the outdoor 60-acre field is significantly less than that of industry average greenhouses on a per square foot basis. Moreover, SpeakEasy, located in Rock Creek, BC, is part of the renowned Golden Mile in the Okanagan, with the ideal climate for growing cannabis. The long summer and dry harvest season aides in SpeakEasy’s ability to cultivate outdoor product that is expected to be among lowest cost in the industry. “The large-scale outdoor cultivation, along with SpeakEasy’s high-quality craft cannabis offerings, positions us to have a dramatic impact on the cannabis sector as a whole, bringing real farming practices to the industry,” said Marc Geen, founder of SpeakEasy. “Profitably has always been our focus and we, as a Company, feel confident in our ability to succeed,” Geen further states.