Cresco Labs (OTCMKTS:CRLBF) has announced the completion of the expansion project for the cultivation and manufacturing facility situated in Brookville, Pennsylvania.
Cresco Labs completes the expansion project bringing growing space to 88,000 sq. ft.
The expansion project will offer the company an extra 66,000 sq. ft. of greenhouse and indoor cultivation area, which will bring the company’s total space under cultivation to 88,000 sq. ft. The facility in Brookville supplies the company’s house of brands to all the licensed dispensaries in Pennsylvania, and currently, the company controls one of the biggest wholesale markets.
Cresco also completed the expansion of the manufacturing capabilities by having new and latest extraction booths as well as safety systems. With the expansion, the company will increase its butane extraction capacity by 300% and enhance ethanol extraction by 90%. The enhanced capability enables the company to efficiently process the increase in biomass in manufacturing its brand’s portfolio. This includes Remedi, Cresco, and Reserve, as well as other new brands, expected soon.
Following the facility’s tripling capacity, the company expects the products from the third 22,000 sq. ft. phase to hit the market soon. Production from the fourth phase will hit the market at the start of July and then gradually increase throughout the rest of the year.
Pennsylvania became an important market for Cresco Labs
Cresco CEO and Founder, Charlie Bachtell, indicate that Pennsylvania has continued to show that it is among the most attractive markets in the country currently. He added that the completion of the expansion is a huge milestone for the company towards establishing itself as a Pennsylvania leader. Bachtell stated that the expansion will help Cresco to efficiently meet patient demands in the state and enhance its operating leverage.
The expansion project comes at the back of the company’s recently finalized scale-up of cultivation operations in Kankakee and Lincoln in Illinois. Bachtell explained that these moves are a testament to the company’s strategy of focusing on wholesale distribution and branded products as well as going deep into key states.
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