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Planting Completed
SpeakEasy's dedicated team has been working hard to get the 2021 outdoor season underway is excited to reap the rewards of its efforts in the months to come.
Preparations for the 2021 outdoor grow season officially commenced on
Of the 70,000 clones planted, SpeakEasy has selected two strains due to their unique characteristics that have been genetically modified to thrive in its unique environment in
Founder
Environment Conditions to Date
Since planting began in June, the plants at the SpeakEasy outdoor facility have experienced a significant amount of sunshine, high temperatures, moderate humidity and very low precipitation.
The averages have been calculated over the last 67 days:
- Day of sunshine: 67
- Total Temperature: 21.7°
- High Temperature: 33.6°
- Humidity: 57%
- Precipitation: 15.06 mm
Founder
The plants have thrived through the hot sunny days and we have plenty of water to keep them healthy and growing. We have prepared a fire response with trained personnel and equipment to act on fires. We have back up generators, pumps, heavy equipment and personal fire-fighting gear at the ready. Unfortunately, we live in times where wild fires need to be considered in building construction, to that end our buildings are all steel construction and brush has been cut back to create a fire block. We hope for the best but plan for the worst and I believe we are prepared and ready for any outcome"
Optimizing the 2020 Harvest to Increase Yield in 2021
Using the data collected from last year, SpeakEasy aims to optimize its different growing styles to achieve maximum efficiency and yield. SpeakEasy's vegging facility has increased significantly by 1,128% (3,500 sq ft to 43,000 sq ft) due to the completion of our indoor vegging facility in the spring. The increase in space allowed for more offspring's to be created in a shorter amount of time, permitting a larger number of plants to be planted compared to last year. Additionally, the added space allowed for larger and healthier plants to be planted.
The combination of SpeakEasy's site selection, the favourable climate in
The SpeakEasy team continues to work tirelessly for both the preparation for the 2021 harvest and processing of the 2020 72,000 KG yield.
About SpeakEasy Cannabis Club Ltd.
On behalf of the Board of the Directors
Forward Looking Statement
This news release contains statements that constitute "forward-looking statements." Such forward looking statements involve known and unknown risks, uncertainties and other factors that may cause SpeakEasy's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur.
Forward-looking statements in this document include statements concerning SpeakEasy's expectations concerning the sales of its extracted product and revenues generated therefrom; its intent to produce and sell high quality craft cannabis, and all other statements that are not statements of historical fact.
Although SpeakEasy believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. By their nature, these statements involve a variety of assumptions, known and unknown risks and uncertainties and other factors, which may cause actual results, levels of activity and achievements to differ materially from those expressed or implied by such statements.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; COVID-19, adverse industry events; future legislative and regulatory developments involving cannabis; the Company's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the cannabis and hemp industries and markets in
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
The Canadian Securities Exchange nor its Regulation Services accepts responsibility for the adequacy or accuracy of this release.
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