US (NY): Construction started on 39,500 sq. ft. MMJ facility

iAnthus, which owns, operates, and partners with licensed cannabis operations throughout the United States, announced that its wholly-owned subsidiary, Citiva Medical, has begun construction on its 39,500 sq. ft. medical cannabis cultivation and processing facility, located at the former Mid-Orange State Correctional Facility in the Town of Warwick, New York. Citiva, one of only ten New York State licensed medical cannabis Registered Organizations, received its license to operate one cultivation/processing facility and four dispensaries on August 1, 2017.
 


The facility will implement high-end technology and cultivation practices to maximize efficiencies and production, including a positive pressure air system, mobile containers, desiccant dehumidification systems, acrylic glazing, and a unified program for environmental, irrigation and lighting controls. These state-of-the-art processes will enable perpetual harvesting, with an estimated yearly production of 2,400 kg of medical cannabis.

"We're excited to be taking the first steps in building out our robust and comprehensive medical cannabis program in the State of New York. The iAnthus and Citiva teams have worked incredibly hard to reach this milestone," said Hadley Ford, CEO of iAnthus Capital. "The growth and success of our Warwick facility will lay the foundation for the rest of our operations across New York State, and we look forward to continued expansion, development, and most importantly, service to our patients, through our vertically integrated operations."

Phase 1 of the buildout is projected to be completed in the first half of 2019. The Warwick site can eventually support up to 125,000 sq. ft. of total cultivation and processing space and will be built out in several phases. Citiva purchased the eight and a half acres of land for the Warwick facility in May of 2018 for US$526,000.

"Warwick is pleased to welcome one of the nation's leaders in the medical marijuana industry to the Warwick Technology Park and is honored that Citiva has found a home in our town," said Michael Sweeton, Town of Warwick Supervisor. "Our goal in acquiring the Mid-Orange Correctional Facility was to bring well-paying jobs to the area, and we look forward to seeing this come to fruition through the official groundbreaking of Citiva's medical cannabis facility."
 
For more information:
iAnthus
420 Lexington Avenue
Suite 414
New York, NY 10017
Tel: 646-518-9418
info@ianthuscapital.com
www.ianthuscapital.com

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