CAN (BC): Cannabis company receives license for 25.000 sq.ft. expansion

Appalachian Pharm Processing, LLC has received a Level I Cultivator provisional license to be co-located at the APP facility at 16064 Beaver Pike, Jackson, Ohio. "The license will enable Appalachian Pharm Processing to build out an initial cultivation area of up to 25,000 square feet, with the potential to expand up to 50,000 square feet following further application and approval," the team with the company explains.  

The facility has the potential to expand up to a 75,000 square foot cultivation footprint. APP expects the build-out to 25,000 square feet to be completed during Q3 2022. 

Eric Offenberger, CEO of Vext commented, "In our experience, building cultivation capacity in limited license states with large populations and adult-use upside, is a clear path to generating solid returns on capital for shareholders. In July 2022, we expect that we will be able to apply for a change in ownership on a retail license in Ohio, which, once approved, will bring us one step closer to obtaining a fully operating vertically integrated footprint in two very attractive, limited license states – Arizona and Ohio."