Vireo Health International has celebrated the fifth anniversary of its inaugural cannabis harvest in New York State and simultaneously announced that it has secured a purchase option that would enable the Company to expand its cultivation and processing operations adjacent to the Vireo Bluebird Facility in Fulton County, NY.
"This purchase option agreement provides Vireo with the optionality to expand its cultivation and manufacturing capabilities in the state of New York," Vireo team explains. "The option allows Vireo the flexibility to add up to an additional 96 acres of land adjacent to its existing facilities for a total purchase price of approximately US $1.3 million.
“The legalization of adult-use cannabis would be a significant step towards addressing key challenges specific to the plant – accessibility, affordability, product safety, and progress toward righting past harms inflicted by the War on Drugs,” said Chief Medical Officer, Dr. Stephen Dahmer. “A well-designed adult-use cannabis program would increase access to safer, state-regulated cannabis products, while potentially creating up to $500 million dollars in additional tax revenues. To support diversity and inclusion, the program should prioritize licenses, job training, and scholarships specifically for minority communities that have been disproportionately impacted by the prohibition of cannabis.”
For more information:
Vireo Health
support.ny@vireohealth.zendesk.com
vireohealth.com