A warehouse on Linden Street will soon be the site of a 45,000 square-foot cannabis cultivation facility.
The executives of Bostica, a cannabis cultivation and manufacturing company that owns the future facility, held a groundbreaking ceremony Thursday morning with Mayor Thomas M. McGee, city councilors, and representatives of the Economic Development & Industrial Corporation (EDIC) of Lynn.
“This is a first-class grow facility,” said CEO Ray Falite. “This will be state of the art. There will not be another one like it in Massachusetts, and we will be the largest inside of (Route) 128.”
The facility represents a $20 million investment and will create up to 80 jobs. It will include space for the growing of cannabis plants, and will later manufacture oils, candies and other products, but will not have any retail space. The building, which will soon house the business, is a former box factory; McGee noted that Bostica will bring back many of the jobs that were lost.
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