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The House of Green Limited (THOG) seeks to become the largest commercial cannabis grower/processor on the island of Guernsey, with ambitions to become a significant participant in the UK, EU and global cannabis markets. With 15 acres of greenhouses currently under long leases, it expects to start its cultivation activities in 1Q’21. It has established a fully equipped extraction facility on a 20,000 sq. ft. site in Guernsey, and is producing cannabidiol (CBD) distillate using its patented extraction technology. Benefiting from the abundance of available greenhouses in Guernsey, THOG expects all cannabis biomass materials processed by the company to be sourced locally from within the Channel Islands from 2021, although it will have the ability to import biomass should that be necessary. With the UK CBD market expected to grow to £1bn by 2025 and the potential for further relaxation of legislation, demand for high-quality cannabis products for therapeutic and medicinal uses will continue to rise.
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