UMB.c seeing some vol on the news today ...Umbral Energy to lease 15-acre marijuana property
2015-11-02 10:52 ET - News Release
Mr. Jagdip Bal reports
UMBRAL NEGOTIATES FOR PROPERTY FOR AN I-502 COMPLIANT TURN-KEY FACILITY
Umbral Energy Corp.'s Umbral Energy LLC (State of Washington, limited liability company formed Aug. 25, 2015) has entered into negotiations with a private Washington state company to lease with an option to purchase a commercially zoned 15-acre property, including a 25,000-square-foot indoor space. The property has three-phase power and sufficient water for the establishment of an indoor growing/processing operation.
The licence applicant has requested that the indoor space be fitted with an extraction unit, which will allow for the licence applicant to extract cannabis concentrates (oils and edibles). In addition, the building will be purpose-built to allow for year-round growing, allowing for the required control of medicinal plants.
Jag Bal, president of Umbral commented: " Umbral has identified this property for the building of a turnkey facility that will allow licence applicants to produce and process marijuana product. In addition, the company is in discussion with retail operators to set up a retail outlet on the property. The company is also evaluating additional opportunities throughout the United States where legislation has legalized marijuana for recreational use to leverage its business experience."
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