Thursday, September 21, 2017 10:37:12 AM
Mr. Magallanes continued with, Recently we began development and growth of an additional six thousand square feet literally within a few yards of our existing facility. These six thousand square feet was a small part of a 32,000 square foot facility and as luck would have it, the original occupants have decided to step away and the opportunity was too great for us to pass up, so we have agreed to acquire the 32,000 square feet from the original occupants. All of it will be used for grow space.
Mr. Magallanes also stated, Our original 22,000 square foot facility is comprised of 10,000 square feet of grow space and 12,000 square feet for drying, trimming, etc. Once fully developed, these two facilities combined will encompass 54,000 square feet, 42,000 of which will be strictly grow space and the remaining 12,000 will be used strictly for prep. Our goal for phase one of expansion remains 152,000 square feet of greenhouse space and this strategic move is a step that gets us to that point much faster than originally anticipated.
Do your own DD. My opinion only.
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