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 Act, is pleased to announce the initiation of its 2021 outdoor harvest. After the huge success of the 2020 outdoor season, the Company is excited to continue working hard to bring in what is expected to be another record breaking harvest for the Company.
Outdoor Harvest Has Begun
The SpeakEasy team has worked diligently and around the clock towards achieving another significant milestone. On September 28th, the Company began the harvest of its outdoor facility. The conditions this summer have been favourable and as expected. Thanks to early preparations, hard work, and dedication from the SpeakEasy team, the Company was able to keep the plants healthy and happy. The harvest is expected to continue until the end of October.
This year, the Company focused on optimizing the growing methods and techniques to maximize the yield. SpeakEasy believes that with the combination of the use of genetics, earlier planting, additional vegging facilities, and increased plant density, the Company expects to achieve another bumper crop for the 2021 outdoor growing season. With all of the infrastructure in place, the Company believes that it can process the entire 2021 outdoor harvest into finished products before the end of 2022.
Allocation of Yield
Once harvested, a large portion of the yield will be fresh frozen and allocated for live resin. Live resin has been among one of the popular products from SpeakEasy’s B-to-B product streams due to its high quality, THC and terpene content, further complimented by the Company’s low cost to manufacture.
Pre-rolls have proven to be another successful revenue stream that the Company will continue to focus and develop. SpeakEasy’s goal will be to ensure that demands for the pre-rolls will be met, while adding additional varieties to expand our pre-rolls product offerings.
The remainder of the yield will be used for dried flower or processed into extract material suitable to make any concentrate that the market demands.
Genetic Testing For 2022
In comparison to last year, the Company has expanded the variety of genetics used for the 2021 outdoor harvest. The varieties chosen for the 2021 outdoor growing season have been carefully crafted and hand picked to thrive in Rock Creek‘s unique climate. The plants have grown to be healthier, larger, and have more dense buds compared to last year’s outdoor yield. Additionally, more varieties have been added for further optimization and testing to scale for the 2022 outdoor growing season, as well as to increase efficiency and the yield of next year’s outdoor harvest.
Founder Marc Geen, states, “Systems and methods developed last year helped us get a fast jump on the harvest this season, the crew is working well and the weather is holding up for us so far. The quality of the crop is exceptional again this year and we are diligently getting it out of the field as quickly as possible. With sales increasing and demand for our product growing, I am anxious to get it processed and into the hands of our customers. Thank you all for your continued support, and a big thank you to our valued family of employees.”