How First Nations are leaving their mark on the cannabis industry: Weed sales on Sask. reserves limited, but First Nations investment in industry expanding
Posts published in “Westleaf Cannabis Inc.”
Thanks to the development of their Thunderchild Facility (the cultivation site is located on lands owned by the Thunderchild First Nation and is anticipated to provide a source of long-term employment for as many as 150 people from the region) in Battleford, Saskatchewan, the company has 7,300 kg of flower in process, while 14,600 kg will be available after Phase 2 is complete, and, lastly, Phase 3 will top out at 29,200 kg.
SASKATOON, March 8, 2019 /CNW/ - Thunder Development Inc. ("Thunder") announces today that is has filed an early warning report in respect of its holdings in WestLeaf Inc. (the "Corporation")(TSXV: WL). Thunder previously held 16,000,000 shares in Westleaf Cannabis Inc. ("Westleaf Cannabis") which were converted into 16,000,000 shares of the Corporation as outlined in the transaction described below. Thunderchild First Nation is the sole shareholder of Thunder.
The Mohawk Council of Kahnawake has signed a non-binding agreement with Canopy Growth Corp. The potential deal would see the First Nation host a 4,650-square-metre production facility, plus a processing and packaging space nearly half that size, in partnership with Canada's largest cannabis company.
Calgary-based Westleaf Cannabis Inc. has entered into a deal with Saskatchewan’s Thunderchild First Nation for the company’s new flagship production facility.
Westleaf Cannabis Inc. has yet to produce an ounce of marijuana, but one Saskatchewan First Nation is spending $8 million to ensure that changes soon — and leads to new jobs for its members.