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CAN (ON): Medical cannabis company finalizes deal with Northumberland County

The medical cannabis company that finalized its real estate purchase of county land this week is expected to open its grower/processor facility by March.

Krista Krebs, co-owner of Parea BioSciences, and Northumberland County Commissioner Sam Schiccatano confirmed the deed was signed on Thursday through MNK 03 Holdings, the holding company of Parea BioSciences, for $1.5 million. Parea, which now owns 10 acres of land near the new prison in Coal Township, anticipates 45 jobs this year with a maximum of 120 at the site.

"This has been a longer journey than anyone expected, but the patience of the county was a real boon to the process," Krebs said. "Even before the town hall meeting over a year ago, they saw both the immediate and long-term windfalls that we felt our venture represented to the residents of Northumberland County and to Pennsylvania residents in need of the medicinal products we aim to create."

A staged operating schedule is in place to allow an initial grow cycle to begin in spring, with March being the target opening date. Work will continue in other areas of the site to allow subsequent, larger grows and increased processing capabilities. The pre-operational inspection is scheduled for the beginning of February, Krebs said.

Read the full article at dailyitem.com

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