Limbach has seen an increase in demand for the Company’s expertise in designing and implementing HVAC services in the growing cannabis, indoor farming, and agriculture markets. The Company has secured contracts for a number of these facilities in several states and has been building a market niche with indoor farming, which it believes will be a sustainable area of capital investment.
As part of its continuing industry presence, the Company expects to attend MJBizCon, or Marijuana Business Conference, on October 20-21st in Las Vegas, NV.
Limbach Chief Executive Officer Charlie Bacon commented, “We have been very pleased with our market presence in the growing indoor agriculture industry, including cannabis growing facilities. While still a relatively small percentage of our overall owner-direct revenues, Limbach has worked to build a leading market-share position while expanding our ORD revenues in totality. To that end, we have expanded our marketing efforts and are excited to announce our attendance at MJBizCon. The Company’s capabilities in air handling, plumbing, and electrical services are well-suited for this industry, as evidenced by the number of projects and service contracts we have been awarded this year. Having a presence and booth at this large-scale event will allow us to build our brand in this market sector, expand relationships with existing customers, and show our services to future clients. Indoor agriculture is a rapidly expanding sector for us and supports the expansion of our owner direct strategy.”
MJBizCon is expecting over 10,000 people at this year’s event, including growers, services providers, and investors. Every year, more cannabis industry deals are done at MJBizCon than any other event, according to conference organizers. In addition to having a booth at the event, there will be several networking events hosted at the conference, which will allow Limbach’s team of six to leverage their participation at the event.
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