US (CA): Acquisition completed of a Crescent City-based cannabis cultivation facility

Vibe Bioscience has acquired a 13,500 square-foot cannabis cultivation facility in Crescent City, Calif. and a phased plan to increase cultivation canopy by 40%.

"Vibe is very excited to complete the acquisition of this high-quality cultivation facility in Crescent City, California. This represents a unique and strategic opportunity for Vibe to add premium cultivation capacity to our existing Hype Cannabis Co. high-quality flower, distillate vape cartridges, and wax concentrates," said Vibe CEO Mark Waldron. “Our planned expansion of the cultivation canopy by 40% will enhance Vibe’s supply chain and help Vibe meet the extraordinary demand we are seeing in our stores for high-quality flower and Hype Cannabis Co. products.”

"The cultivation facility provides a turnkey operation that produces cannabis flower and clones. This also provides Vibe with a second licensed facility and will significantly increase the supply of Vibe’s Hype Cannabis Co. branded products."