Flower One Holdings has initiated its West Coast expansion. "After successfully delivering the largest facility in Nevada, from conception to revenue generation in less than 14 months, Flower One has now set its sights on California as its next strategic market," the team with the company explains.
"At 455,000 square feet, Flower One’s existing Nevada facility is one of the largest cannabis greenhouses and production facilities in the state. Plans for California entry will see the Company leverage the many cannabis-specific operational proficiencies and manufacturing methodologies it has developed in Nevada, to make it an industry leader and innovator in the state of California."
"Flower One’s expansion to California is a natural and logical progression," said Ken Villazor, President and CEO of Flower One. "With California’s proximity to Nevada, we are able to leverage processes and efficiencies already established as they relate to cannabis production and cultivation, as well as management, purchasing, training, and brand engagement. Our experienced team and the expertise gained from our successful Nevada market entry and roll out, provides us with an excellent foundation to seed our California operations."
"Leveraging the skills of a highly specialized and experienced team, the Company has conducted thorough analyses of various locations for climate, water, power, tax structures, and labor quality and supply. Strong engagement with local government entities including City, County and State has allowed the site selection process to narrow and negotiations to begin for purchase of a property."
"What Flower One has accomplished in Nevada is nothing short of spectacular," said Kellen O’Keefe, Chief Strategy Officer at Flower One. "We are confident in our team’s capabilities – armed with over 25 years of experience in building and operating some of the largest greenhouse facilities in the world. We can’t wait to bring Flower One to the largest legal cannabis market in the U.S."
According to leading market research firm Arcview, California will grow from its current market of $3.1 billion in sales to over $7.2 billion by 2024. Flower One is positioning itself to become one of the largest and most important seed to shelf cannabis brand fulfillment companies on the West Coast.
For more information:
Flower One
20 Richmond Street East, Suite 600
Toronto, ON M5C 2R9
+1 (416) 913-9642
flowerone.com