Advocate news services file photo

Marijuana businesses high on Olds

Third marijuana company sniffing around Olds

Olds is high on medical marijuana.

A couple of medical cannabis proposals have already been approved by town council and a third company is also sniffing around the town of about 9,100.

Sundial Growers Inc. recently had a revised plan for a second phase including three micro-grow rooms at its 30-acre facility. Sundial is currently constructing a 405,000 square-foot facility in Olds that is expected to be in operation in 2018.

A longtime local company Olds Softgels is also getting into the medical cannabis gel pill business.

Most recently, Crescent Enterprises Inc. is looking at buying land to develop a federally licensed medical marijuana facility.

Olds and District Chamber of Commerce president Ben Stone said the business influx is going over well.

“The community is definitely looking forward to it,” he said on Monday. “It’s been pretty encouraging how the people in town have been reacting to it.”

There is a kind of natural fit in the community, where Olds College has a well-regarded horticulture program.

As well, Olds has one of the fastest high-speed Internet systems available anywhere through its O-Net project.

This budding marijuana boom has promoted the chamber of commerce and Uptowne Olds Committee to co-host a breakfast information meeting on Friday at the Olds Legion.

Medical marijuana will be the big topic but the intent is also to discuss the implications of other economic development opportunities in the community.

One of the recurring concerns of those leery of medical marijuana facilities is the prospect they will attract crime. Stone said those concerns and others will be addressed at the meeting.

In its rezoning application, Crescent Enterprises says it plans to grow marijuana aeroponically without the use of pesticides. Ethanol extraction will be used to make concentrate products.

Security measures will include a perimeter fence monitored by cameras and a security patrol. All medical cannabis will be stored in safes.

Sundial expects to employ 25 at first, increasing to 40 people.

Sundial founder and chief executive officer Stan Swiatek lent his support to Crescent’s project in a letter to council.

Like us on Facebook and follow us on Twitter

Just Posted

Improving life for people with Alzheimer’s and their families is a priority for Raitt

The federal Conservatives deputy leader is dealing with the disease in her own home

PHOTO: International Peace Day

Visitors broke bread, made crafts and trading cards at a gathering marking… Continue reading

Snowfall warning issued for Central Alberta

Environment Canada issued a snowfall warning for Central Alberta Friday afternoon. Warning… Continue reading

POLL: Most Red Deerians don’t want cell phones in the classroom

Sixty-six per cent of Advocate readers who responded to an on-line poll… Continue reading

Grassroots movement to clean up Red Deer is gaining momentum

Homeless people need more attention than shopping carts, says former councillor Cindy Jefferies

Updated: Grey Cup in Red Deer to raise funds for military families

Money raised will go to the Military Family Resource Centre and be used locally

Dustin Byfuglien scores in overtime, Jets beat Flames 4-3 in pre-season

WINNIPEG — Bryan Little tied the game late in the third and… Continue reading

Mistrial denied in Calgary murder trial over jury’s visit to hotel Denny’s

CALGARY — A Calgary judge has denied a request for a mistrial… Continue reading

Former Canadian astronaut says space shuttle is a vehicle of hope

OTTAWA — Sending messages of hope from space is a big part… Continue reading

Canada requests trade panel on uncoated groundwood paper ruling by U.S.

OTTAWA — Canada has requested a NAFTA trade panel review a U.S.… Continue reading

B.C. premier apologizes for removal of 1950s totem pole at Canada-U.S. border

SURREY, B.C. — Three First Nations in British Columbia gathered today to… Continue reading

Tail with a happy ending: Dog rescued from fighting ring, ready for police work

Dallas’s ear-to-ear grin and bright brown eyes seem to sparkle with joy.… Continue reading

Liberal leader doubles down on notion that $75 weekly grocery bill is possible

MONTREAL — One day after being ridiculed for saying it was possible… Continue reading

Jury resumes deliberating man’s guilt in Calgary mother of four’s death

CALGARY — Jurors are continuing to deliberate the guilt of a man… Continue reading

Most Read