An estimated half of the company’s cannabis plants unexpectedly froze prior to harvest this is right after an unforeseen early winter storm abruptly brought the temperature down 70 degrees more than a 34-hour period, ending with a record low of 9 degrees.
As with any other crop, agreeable climate is essential to a thriving cannabis harvest. Sudden drops in temperature can result in immediate harm to fragile cannabis plants and speedily ruin an complete year’s function. Fortunately, budtenders have been capable to salvage half of the harvest, about 20,000 plants, just before cold temperatures ruined the remaining crop.
As the winter storm was in complete swing, Los Sueños Farms workers have been rushing to chop down and collect as significantly cannabis as attainable, even pouring hot water on the ground to stop the roots from freezing in an admirable try to slow the unavoidable harm to the crop.
In spite of their utmost efforts, having said that, the loss was nonetheless substantial: the remaining 20,000 plants have been destroyed by the sudden onslaught of snow, amounting to around 750,000 pounds of biomass.
Advertised as the biggest cannabis farm operating in North America, Los Sueños owns 4 cannabis farms in Pueblo County, spanning a total of 36 acres of outside production, along with various significant indoor facilities.
Founder of Los Sueños Farms, Bob DeGabrielle, told Marijuana Small business Day-to-day, “It was going to be a large, bumper year. Regrettably, you can not do something about Mother Nature.” Added DeGabrielle, “We did every thing we could to mitigate what was happening…There was no spot else to place significantly much more solution.”
The cannabis provide shortage does not bode properly for dispensaries all through the state, each health-related and recreational, that rely on Los Sueños to stock their shelves. Individuals reliant on health-related marijuana will probably be impacted as properly.
Medicine Man Technologies, a vertically integrated cannabis organization primarily based out of Denver, announced plans to obtain Los Sueños Farms in June of this year. Chief income officer for Medicine Man Technologies, Joshua Haupt, was quoted saying, “This is certainly going to impact the complete state’s provide.”
As a single may well count on, the cost of cannabis in Colorado is probably to improve as a outcome of the provide shortage.
According to a Tweet place out by Fox31 Denver KDVR (@KDVR), “Los Sueños Farms in Pueblo lost about 20,000 pot plants in hours of subfreezing temperatures and various inches of snow in the course of an October storm.”
In an additional current Tweet, mentioned EquityInsight (@EquityInsightCA), “Colorado’s biggest #cannabis grower loses millions of dollars in early freeze provide disruption anticipated. Medicine Man Technologies $MDCL is in the course of action of acquiring Los Sueños Farms for $11.9 million.”
Fortunately, it wasn’t a total loss: the flower that was capable to be saved from the storm consists of amongst 18 and 25% THC. In spite of the harm performed by the storm, mentioned DeGabrielle, “We had some lovely crops. And of what we got we have some lovely bud to sell.”