Quick Peak: Santé Veritas secures funding; Disposal program launches

Santé Veritas secures funding
With a $16-million private placement of common shares on December 21, Santé Veritas Therapeutics intends to proceed with the funding of phase one and phase two-A of the company’s new Powell River facility, located at the old mill administration building. In the first phase of production, the company expects to have 12,500 square feet of growing space and produce 2,800 kilograms of dried marijuana with an estimated value of $19 million per year. Phase two-A is the option to purchase the land to construct a second 50,000 square-foot building on the Ash Avenue property.

Disposal program launches
A free service for residential oil and antifreeze disposal is being made available after the closure of the depository in the summer. Powell River Regional District partnered with BC Used Oil Management Association and Sunshine Disposal and Recycling to provide the service to the district, including City of Powell River and Tla’amin Nation. January 17 is the first day that used oil, filters, containers and antifreeze will be accepted at Sunshine Disposal's Franklin Street depot on Wednesdays, Fridays and Saturdays from 10 am to 4 pm.

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Cuts benefit low-income earners
BC Medical Services Plan premium cuts that go into effect on January 1 will impact the aging population and low-income earners. Premiums will be cut by 50 per cent for residents with a net annual household income below $120,000. A single person earning up to $26,000 annually, couples earning up to $29,000, senior couples earning up to $35,000, single parents with two children earning $32,000 and couples with two children earning up to $35,000 per year will not pay premiums.

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