Terra Life Sciences begins construction of the 230,000 square foot medicinal cannabis facility Terra Quantum in Olds, Alberta

CALGARY, April 30, 2018 / CNW / – Terra Life Sciences Inc. (Terra Life Sciences) will commence construction immediately on Terra Quantum, the Company’s second phase of medicinal cannabis cultivation after the Company has given the project development approval for the project City of Olds.

The 230,000 square foot facility will be built alongside the company’s existing pharmaceutical manufacturing facility and its 50,000 square foot first phase cultivation facility, which is nearing completion. With this capacity, the company will be able to maintain control of its supply chain and production quality and quantities. The combined cannabis production capacity of the two buildings will be around 35,000 kilograms per year.

Dr. Anil Jain, President and Chief Executive Officer of Terra Life Sciences, said prep work for the site will begin immediately, with a scheduled start-up date in Q2 2019. Jain the strong story that the company and the City of Olds.

“We are one of the largest employers in the city, have been a proud part of the community here for 35 years and want to increase our contribution to the economy and employment in the community City of Olds for being such a valued partner to us as we have developed and grown, and we look forward to working closely with the city to fulfill its mission of promoting innovation, promoting economic development and prosperity for to create our church. “

Terra Life Sciences has selected the Ledcor Group as the prime contractor for Terra Quantum based on the company’s experience with projects with similar technical requirements and project schedules.

The company’s own research and breeding center is also being built. This facility will enable Terra Life Sciences to create unique strains and chemical profiles of medicinal cannabis that are targeted to specific medical conditions. Construction of the 17,000 square meter facility is expected to be completed in the fourth quarter of 2018.

The company will hire 20 additional employees in the near future, with more to follow when Terra Quantum and the research and breeding center are up and running. More than 100 people will be employed to build the two new projects, with Terra Life Sciences pledging to hire as much local workforce and contractors as possible.

About Terra Life Sciences

Terra Life Sciences believes that every life deserves to be realized to its full potential and is unlocking that potential by researching and developing innovative cannabis-based medicinal products. By combining exceptional clinical research, precise extraction, bespoke composition, and standardized dosage and administration, we are improving people’s lives by bringing pharmaceutical discipline to the medical cannabis industry.

At our locations in. we produce pharmaceuticals, over-the-counter medicines and high quality wellness products for the Canadian and international markets Olds, Alberta, and is a leading global manufacturer of soft capsules and other pharmaceutical grade products. Terra Life Sciences is focused on developing new research and evidence-based formulations to revolutionize wellbeing. Learn more at www.terralifesciences.com.

SOURCE Terra Life Sciences

For more information: Terra Life Sciences Inc., [email protected], 403.768.1501

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