New Age Farm owns 5.5 acres of prime agricultural land in Langley, BC that includes over 48,000 square feet of greenhouse capacity and 80,000 cubic yards of saleable peat soil. The Langley Campus will soon be spun out as a separate company. A preliminary non-offering prospectus has been filed with the British Columbia Securities Commission.
A Fully Built-out Turnkey Green Campus
Using the existing infrastructure, New Age Farm plans upgrades, additions, and improvements to its Langley Campus to create a state-of-the-art, fully built-out green campus that will attract tenant-growers of high yield, high cash value crops. The planned facility will make the Langley Campus the gold standard for green farming initiatives and will be an example of what can be accomplished in sustainable growing practices.
Planned upgrades to the Langley Campus include the addition of geothermal heat, solar hot water heating, a warehouse and complementary processing facilities. New Age Farm has recently begun the first preparations at the site for these planned upgrades and will keep stakeholders informed of progress via its regular news releases, available here.
At the Langley Campus everything the tenant-grower needs will be available.
The Company’s Langley Property is owned by its subsidiary company, NHS Industries Ltd. (“NHS”). In 2016, the Company’s shareholders voted to spin out the Langley Property as a separate business allowing the Company to separate its Canadian and US operations. This will allow the company to pursue further business in Langley as Canadian recreational marijuana laws are under review and it is expected that the Government of Canada will legalize recreational marijuana in 2017. NHS expects to be ready to accept licensed tenant-growers when the new laws come into force.
When completed, the Langley Property will house a state-of- the-art production, processing and warehouse facility where small-scale grower-producers of high value luxury crops will be able to produce value added products derived from their crops, increasing potential revenue for the growers and maintaining an ongoing revenue stream for NHS. These clients will be able to use the NHS’ warehouse to store and distribute their products thereby creating a one-stop facility for our clients. Each of NHS’ Langley clients will be able to grow, process, store and distribute all from a single location, lowering their overhead and creating an ongoing revenue stream for NHS from seed to sale.