1st cannabis business park in Okanagan on its way to Lumby
A new cannabis-centred business park is coming to Lumby, a first for the Okanagan.
True Leaf has received preliminary approval to develop a 40-acre subdivision on Shuswap Avenue in the North Okanagan community, according to a True Leaf Brands Inc. press release.
"We are pleased to progress to the next phase of our plan to support micro-cultivators by creating a regional hub for the craft cannabis community," True Leaf CEO Darcy Bomfrod said in the release. “In addition to in-house cannabis production and future offering of seed-to-shelf solutions for micro-cultivators, True Leaf is unlocking the tremendous value of this 40-acre property zoned for cannabis production.”
The Lumby business park will have 14 lots for micro-cultivators.
"The North Okanagan region has tremendous potential to support enterprises such as True Leaf's," Lumby Mayor Kevin Acton said in the release. "I'm excited to see this project progress to the next phase of planning."
With industrial land selling for $1 million per acre in Kelowna due to the rising demand, True Leaf opted for the North Okanagan as an alternative.
— This story was corrected at 12:20 p.m. on April 15 to clarify that True Leaf is based in Vernon and they no longer sell cannabis pet products.
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