Vancouver, British Columbia--(Newsfile Corp. - April 5, 2018) - SpeakEasy Cannabis Club Ltd. (CSE: EASY) is one of the latest new listings on the Canadian Securities Exchange, following a change of business, having previously traded as Hadley Mining. SpeakEasy is a late stage ACMPR applicant that is leveraging three generations of farming experience and the largest land package of any Licensed Producer in Canada.
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The company holds 290 acres of the best agricultural land in British Columbia's Southern Boundary Country region, known as the Napa Valley of weed country.
The company is headed by President and CEO Marc Geen, a 4th-generation BC farmer. Marc Geen has been active in the legal medical marijuana industry for more than 10 years, consulting, complying with, and participating in the MMAR, MMPR, and ACMPR programs. Prior to co-founding Speakeasy Cannabis Club, Marc spent 14 years as Head of Operations for Kettle Mountain Ginseng Ltd, one of North Americas largest ginseng producers.
Based on his experience gleaned from a long career in large scale commercial farming, Mr. Geen has been able to apply many cost effective, good farming practices to the outdoor, indoor, and greenhouse cultivation of cannabis. He is also the co-creator of a full line of cannabis extract products designed under ACMPR regulations.
The company is disrupting the cultivation model by aggregating British Columbia's best craft growers under one umbrella to produce the highest quality cannabis targeted at the highly sought after millennial recreational market.
SpeakEasy has submitted its extensive evidence package to Health Canada for its current 10,000 square feet facility and has commenced construction on its 80,000 square feet expansion facility, which will include growing, extraction and genetics labs that will be capable of producing more than 10,000 kilograms annually.
The company has raised gross proceeds of approximately $11.3 million from a non-brokered private placement of 22.5 million units priced at $0.50 per unit. Each unit consisted of 1 share and one-half a warrant, with each warrant exercisable at $1.00 until November 6, 2018, subject to an acceleration clause.
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