Stocks in play: Indiva Limited

Provided an update on the design of its extraction facility in London, Ontario. Indiva is working with Lucid Lab Group to design, construct and commission an ethanol-based extraction operation at Indiva's facility in London, Ontario. Indiva is pleased to report that the design is now complete, and the result is annual expected biomass capacity of some 70 tonnes and resulting distillate capacity of over four million grams. This capacity represents a multiple of what Indiva will initially require for internal needs. The capital cost of the extraction equipment is estimated at $1.4 million U.S., is fully funded, and provides ample capacity to produce the wide spectrum of derivative and edible products licensed from Bhang and DeepCell, as well as Indiva branded product, subject to receipt of applicable regulatory approvals. Indiva Limited shares V.NDVA are trading up $0.01 at $1.82.