US (AZ): Tucson-based cultivation facility completes expansion

Arizona Natural Remedies, an affiliate of Vireo Health International, has completed a major expansion of its cultivation and processing facility south of Tucson, AZ. The expansion features a nine-acre shade house that the Company expects to increase ANR's output capacity of cannabis flower by at least fivefold.

"Our expansion in Arizona represents another strategic investment to drive growth in one of our core markets," said Founder and CEO Dr. Kyle Kingsley. "With the rapid legalization of adult-use cannabis, the state is facing a potential shortage of cannabis flower. Our expanded facilities and additional growing acreage will create a real opportunity for Vireo Health in Arizona. We expect the expansion to drive significant growth in our wholesale business and increased sales at our now adult-use eligible dispensary in Phoenix. We are also currently planning an incremental 9-acre shade house in addition to the current facility."

The Company expects that the expanded facility will create up to 45 new jobs this year. The nine-acre expansion makes the Arizona facility the largest cultivation site in Vireo Health's five core markets