A medical cannabis producer that has been located in Portland since 2014 is planning to move to Rocky Hill.
CTPharma has purchased a 216,532-square-foot building in Rocky Hill that had been occupied by pharmaceutical company McKesson Corp., which left the 280 Dividend Road facility in September 2018l.
Terms of CTPharma’s purchase of the building were not released. Tom Schutlz, CTPharma’s chief executive officer, said the company didn’t want to move out of Portland.
“CTPharma’s relationship with the Town of Portland was excellent and we were reluctant to leave,” Schultz said in a statement. “However, there were no buildings available in Portland that were big enough for CTPharma’s planned expansion and we were very fortunate to identify and purchase the McKesson property.
CTPharma employs about 50 people in its highly regulated pharmaceutical production operation, according to company officials. Schultz said CTPharma expects to double its work force once it expands into the new, larger space.
Read more at ctpost.com
