Fiore Cannabis is continuing construction on Apex cannabis cultivation and production facility near Las Vegas, Nevada.
"Construction of the modular facility is completed and we expect to begin pouring the pad onsite in the coming month," the Fiore team explains. Allied Corp. has the option to buy the license from Fiore for US $1.5 million. Fiore will be managing the selection of cannabis strains as well as the new operation once it commences business, which is expected during the fourth quarter of 2021.
"We intend to use funds generated from the license sale to advance additional expansion activity at the seven-acre Apex site that can enhance cultivation capacity and ultimately deliver additional cannabis products," they continue.
"Fiore's Apex Facility in Las Vegas is our company's crown jewel," said Erik Anderson, President and CEO of Fiore Cannabis. "In Nevada, we serve a growing high-demand market with a major tourist destination. This is why we applaud the U.S. government's ongoing push towards legalizing cannabis on a federal basis and the benefits that could bring to cannabis markets across the country."
Anderson noted, "We have put a major focus on our U.S. operations and specifically the Nevada market due to the robust nature of the market and the ongoing growth in demand for premium quality cannabis products. Our Apex facility has received industry recognition as well as awards for its specific genetics, strains, and growing properties. Producing top-quality products is our sweet spot at Fiore, so we are certainly located in a desirable market with Las Vegas as a base and see additional opportunities to expand our Company's footprint in the state."
Fiore will be providing tours of the enhanced Apex Facility and its extraction operations to strategic partners and customers during MJBizCon being held in Las Vegas from October 20 to 22, 2021.
For more information: