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US (MA): Milford-based cultivation center sold for $5M

A nine-acre site eyed for an expansion by Milford medical cannabis cultivator and seller Sira Naturals has sold for $5 million to a firm registered in New York.

The property, at 5-7 Industrial Road, is planned for a new cultivation center to support Sira Naturals' retail stores. It stands a short walk from Sira Naturals' existing facility at 13 Commercial Way, and is next door to a Milford Regional Medical Center outpatient medical office and an Amazon distribution warehouse.

Sira Naturals has medical-use operations in Somerville and Needham, which opened in 2017 and 2018, respectively. It also has a Cambridge location that's temporarily closed.

Sira Naturals couldn't immediately be reached for comment on the sale and the site's plans.

Read more at wbjournal.com