Our Company has entered into a contingent acquisition of a 9+ acre farm licensed for cannabis operations in Santa Barbara, California, ideally suited to address the concerns of California growers. Our farm has 293,000 square feet under canopy with room for expansion. Not only can it produce more based on total square feet, but it can produce for less as sun is free especially in California, and classic greenhouse environmental mechanisms work extremely well.
Furthermore, at any point, a grower can increase crop yield by implementing a completely closed grow facility in the same location, potentially a 2 story or vertical closed farm in a small unused part of the lot if demand required it. In fact, we have entered into agreement with GreenGro Technologies (OTC: GRNH), a world-class provider of green technology with expertise in an indoor and outdoor agricultural science system focused on building multi-level cannabis growth operations, to become an additional long-term tenant.
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