Hurricane Irma caused severe damage to the entire state of Florida, and as of today there is still over 40% of the state without power. Florida will persevere and is well equipped to handle these monster storms like hurricane Irma, but it will need all of the help it can get. Liberty Health Sciences is a medical marijuana treatment center in Florida, with operations in Alachua, that was fortunate enough not to sustain any major damage to its facility. They are offering 10% of their gross revenue for the next two months to help in the relief effort of hurricane Irma.
Revenue generated from medical marijuana sales has the potential of helping the state in many ways. States like Colorado use legal marijuana tax revenue to support their school systems, roads and a myriad of other state necessities that benefits everyone in the state. Florida certainly could use assistance with its school systems and many other municipal and state functions. Hurricanes are bound to come back to Florida and it will be interesting to see how medical marijuana will be able to help the state prepare and bounce back from storms like hurricane Irma even quicker in the future.
Liberty Health Sciences Inc. (CSE: LHS) (OTCBB: SCQBF) (“Liberty” or the “Company”) announced today that there is no structural damage to its facility in Alachua, Florida as a result of Hurricane Irma. In addition, no part of Liberty’s production process was affected, nor were any plants or inventories damaged because of the storm. All business operations have resumed with the exception of deliveries to our patients, which will recommence as soon as it is safe to do so.
Our hearts go out to all those affected by the devastation caused by Hurricane Irma and we are committed to providing support to ensure that local residents, including our employees, stay safe. Also, Liberty is proud to be a positive force in the community and to help with the relief efforts across the State of Florida, we are committing to contributing 10 percent of revenues for two months to support the incredible relief efforts being undertaken by the Red Cross.
Despite the storm, Liberty’s previously announced Part II expansion plans for the Alachua facility remain on track. This expansion will increase Liberty’s annual medical cannabis production to 2,800kgs by January 2018.
Liberty Health Sciences Inc. (“Liberty”) is an investor and operator in the medical cannabis market, capitalizing on new and existing opportunities in U.S. states where medical cannabis is legal. Liberty’s stringent investment criteria for expansion maximizes returns to shareholders, while focusing on significant near- and mid-term opportunities. Liberty has an extensive background in highly regulated industries, with expertise in becoming a low-cost producer. Liberty leverages commercial greenhouse knowledge to deliver high-quality, clean and safe pharmaceutical grade cannabis to patients.