Greenway Greenhouse Cannabis Corporation has initiated an expansion of their cultivation facility, termed "GW1". This expansion will increase the cultivation facility's flowering space from 41,750 ft2 to approximately 167,000 ft2 and increase the processing space to 22,000 ft2.
"We are pleased to be able to announce that work has commenced on the expansion of our cultivation and flowering facility, GW1," said Carl Mastronardi, President of Greenway Greenhouse. "This expansion is paramount to Greenway, as it will increase our growing capacity to 24,000 KG a year. We have taken the methodical approach to expanding, making sure we don't put the cart before the horse."
"From the start, we had growth in mind. With experience scaling greenhouse cultivation companies to hundreds of acres, the team at Greenway Greenhouse has been waiting to demonstrate to the industry how a cultivator can scale sustainably and responsibly," said Jamie D'Alimonte, Chief Executive Officer of Greenway Greenhouse. "With our current facilities and access to future acreage at a low retrofit cost, Greenway Greenhouse can supply Canadians from coast to coast."
"Since we got licensed, we have been able to move most of what we have grown," said Darren Peddle, Chief Financial Officer of Greenway Greenhouse. "We have run into the issue of having customers looking to buy while we were in between crop cycles a few times. With the expansion completed, our customers will have access to fresh product more readily, meaning our customers will need to wait less time between new batches becoming available."
After signing on all of the major contractors, Greenway Greenhouse is still expecting to be able to deliver the expansion on time and on budget, with the expanded areas beginning operation in Q1 2023.
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