TENANT-GROWER HARVEST UNDERWAY AT OROVILLE AGRICAMPUS
New Age Farm Inc.'s (NF.C) tenant-grower has begun harvesting its first crop at the Oroville facility. The tenant-grower and the master growers have reported that harvesting is actively underway, having begun last week. The harvesting operation has ramped up over the past week and is now operating at full capacity and the operators expect that this first crop will be completely harvested by the end of the month. Once harvested, plants are moved to New Age Farm's drying facility to be dried in a climate controlled environment. Drying may take from 7 to 10 days depending on the variety and moisture content of the plants. At the same time samples are taken for testing, and, after drying is completed, final weights are recorded and the plants move on to processing and packaging, to be ready for sale to the retail market. As the plants proceed through these steps, the Company will update stakeholders.
Carman Parente, President and CEO of New Age Farm, commented: "This is a milestone step for our tenant-grower; they have worked diligently to get this crop to harvest. We have worked alongside the tenant-grower assessing systems and protocols and as we near completion of this first harvest, we now have real-time data that will help us gauge facility preparedness and ongoing requirements and develop and determine best practices for crop planting in the future. We are pleased to have reached this final production stage and will bring further news to our stakeholders as the processes continue to unfold."
About New Age Farm
New Age Farm is an agricultural services company offering unique turnkey growing infrastructure and services for licensed growers and processors of luxury marijuana crops at three agri-campuses in Washington State. New Age Farm's facilities will offer in excess of 250,000 square feet of canopy growing space to tenant-growers once fully built out.
New Age Farm is committed helping its tenant-growers achieve greater yield, higher quality and higher value flower from their crop and to building a reputation for providing what I-502 licensees need to achieve superior results. Year-round growing of crops maximizes the revenue potential for New Age Farm and its tenant growers.