The medical cannabis company looking to purchase county land to build a growing facility received a fourth extension to finalize on the real estate transaction.
At Tuesday's meeting, Northumberland County Commissioners Rick Shoch and Sam Schiccatano approved and Commissioner Kymberley Best voted against the three-week extension in exchange for a non-refundable deposit of $100,000. The new closing date is Oct. 25.
Parea BioSciences, through its holding company MNK 03 Holdings, intends to purchase 10 acres of land owned by Northumberland County near the new prison in Coal Township for $1.5 million. The majority commissioners originally approved the option in May 2018 and the medical cannabis grower/processor was approved for a license in July 2018.
"What's the harm in extending it?" said Schiccatano. "What's the alternative? It stops."
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