A crowdfunding cannabis cultivation project is scheduled to start this week for Grow Space Orange, the Massachusetts company that develops cannabis cultivation facilities that are leased to licensed growers.
The NEAgTech team is headed by Rob Wolf along with brothers Alan, Paul and Tony Alves of Lighthouse Masonry in New Bedford, MA with construction managed by Tim Vautour of TriCon Builders. According to Wolf, "This is perhaps the first opportunity in Massachusetts for the average person to own something in the cannabis industry. Massachusetts has become one of the hottest cannabis markets in the world with annual sales expected to top $2 billion by the end of this year. Most people don't have the knowledge or resources to get in on the ground floor, but we are making that possibility a reality with the crowd fund program at Fundanna."
The company has completed the site acquisition and local permitting along with initial site clearing and construction preparations. The result of extensive property searches along the Route 2 corridor, this 4.55-acre cleared industrial land was the last parcel available from the Orange Industrial Economic Commission and purchased by NEAgTech in 2019. Approximately 3-acres is dedicated for this "outdoor grow" beginning Q2 2021.
One of the unique aspects of this project is the planned reliance on sustainable resources, including solar electricity to power interior and exterior lighting and security systems. With a combination of greenhouses and specially outfitted container buildings, Grow Space Orange is equipping the site to have as little impact on the environment as possible. To mitigate odors, the exterior perimeter is being planted with lavender and peppermint, and drying buildings for post-harvest preparation are sealed with specially designed dehumidification systems.
While the terms of the HCA agreements with the town of Orange are proprietary, the company has made a commitment to provide valuable resources of both time and money to the town of Orange and provided assurances that this operation will not only be fully compliant with all applicable laws and regulations, but it will also be a good neighbor in industrial park community. Grow Space Orange will be one of the first of many other cannabis operations that have been proposed for the town of Orange but have failed to materialize due to incomplete planning or funding. The team at NEAgTech have made a commitment toward the execution of this project and the crowd fund effort reflects the detailed planning and resources that have been targeted into this project.