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Alias Born | 10/01/2004 |
Friday, September 18, 2020 2:51:09 PM
STWC Oklahoma activities: STWC successfully secured multiple licenses on behalf of a joint venture client to open both retail dispensaries and a cultivation facility. Earlier this year, the Oklahoma projects began commercialization with the opening of a CBD retail location which has been in operation for over 6 months. Shortly thereafter, STWC completed the design and buildout of a retail cannabis dispensary in the same retail plaza. These locations are able to leverage overlapping customer traffic and harness increased brand recognition. STWC has been retained to provide services on an ongoing basis to both locations. Separately, a cultivation facility buildout is underway and is 75% complete. Its anticipated that this facility will be ready to commence operations in early 2020.
STWC Puerto Rico activities: STWC successfully acquired multiple licenses to open retail dispensaries in Puerto Rico. The first dispensary location has been secured in an active community in San Juan that is very popular with both tourists and affluent locals. The buildout of this facility is set to commence in the next 30 days and it is anticipated that this location will be operational in early 2020. STWC has been retained to provide marketing and operational oversight to this location on an ongoing basis. The remaining licenses will be deployed as suitable retail locations are identified.
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