Ikanik Farms Inc. announced that California projects will help facilitate the Company's U.S. vertical integration initiative, with a Palm Springs dispensary and lounge targeted to open in June 2021 and will also help expand the Company's operating San Bernardino distribution by adding a dispensary and delivery service, with a targeted open date of August 2021. Additionally, the Company anticipates it will complete its cultivations across California, with a vertical cultivation in Sacramento, expected to commence operations in May 2021 with an annual estimated production capacity of 2,400 pounds. The Company will also look to complete its Adelanto "Base Camp" location, which is a stand-alone vertical operation, including 28,000 square feet of vertically stacked, indoor cultivation, 33,000 square feet of mixed light greenhouse, distribution, volatile and non-volatile manufacturing. The Base Camp will produce an estimated 12,000 pounds of cannabis annually. To round out the geographic expansion in California, the Company is working to add a distribution and packaging facility in Benicia, to better service its retail network and service the increasing demand in 3rd party co-packing services from its Northern California clients. In Colombia, the Company will continue to complete its 80,000 square foot, vertically integrated facility ("Casa Flores"), providing a vertically stacked cultivation delivering an estimated production capacity of approximately 15,000 pounds of cannabis flower annually. Casa Flores has an onsite laboratory for manufacturing cannabis derivatives, sold as finished ingredient and used in "formula magistral" throughout Latin America, or optionally sold into the European medical marketplace.