Mettrum Health Corp COM NPV (OTCMKTS:MQTRF), through subsidiary Agripharm Corp., has recently entered into a lease agreement with Miller Agriculture Ltd., increasing the land availability for marijuana growth of one acre to 20 acres.

Enhanced Production Capacity

“By increasing the availability of land at Agripharm by twenty times, combined with the availability of production capacity at our state-of-the-art production facility in Bowmanville, we are on track to achieve our objective of 50,000-kg capacity by 2019 and well positioned to service the rapidly growing and evolving cannabis market,” explained Michael Haines, Mettrum Health CEO, about the new lease agreement.

Mettrum Health no longer need to seek for a new license for the extended production capacity since the property is contiguous with the Agripharm facility.

Because of the heightened demand in the cannabis industry due to a broader public affirmation of the benefits of marijuana, Mettrum Health is not the only company seeking to expand its cannabis production capacity.

For example, New Age Farm Inc COM

NPV (OTCMKTS:NWGFF) has recently launched a new 5,600-square-foot greenhouse marijuana production plant at its Green Campus in Oroville, Washington. The facility is complete with all state-of-the-art equipment needed for curing, growing, storing, and trimming products. With it, New Age Farm is expecting an optimized production capacity as well.

Apollo Applied Research, Inc. Acquisition

Earlier this month, Mettrum Health has also acquired Apollo Applied Research for $1 million in cash and an issuance of 522,684 common shares, which are subject to hold of four months. Moreover, the company is obliged to issue additional common shares in the next five years as Apollo Applied Research meet certain milestones.

As a result of the acquisition, Apollo Applied Research will become a wholly-owned subsidiary of Mettrum Health operating on its own. With its compelling performance through the years, it is widely expected to add value to the company in no time. Not only does it boast with a significant revenue boost but also with a meaningful growth in the number of active patients.

Mettrum Health has surged 0.25% on Monday, closing at $4.29. Meanwhile, New Age Farm has declined 23.58%, closing at $0.14.