US (PA): Cannabis grower purchases $10 million facility, $15 million expansion underway

After taking up residence at 180 Henry St. in South Avis in 2018, medical cannabis grower/processor Terrapin recently announced the facility will be its permanent residence in Pennsylvania.

“Terrapin is pleased to announce the purchase of its medical cannabis grower/processor facility located at 180 Henry Street in South Avis, Pa. Terrapin purchased the building from the Henry Street Partnership for $10.75 million,” a release from Terrapin said.

Since cutting the ribbon at the facility in 2018, Terrapin has invested approximately $30 million in operations and improvements, including a $15 million expansion that is currently underway. Terrapin is working with local contractor M&R Contracting, Inc. to expand the facility to more than 200,000 square feet, with a completion date slated for June.

“Today’s announcement underscores our long-term vision to build a responsible, contributing cannabis company in Clinton County,” said Terrapin founder and Chief Executive Chris Woods. “Our partnership with this community has helped us serve more Pennsylvania patients than ever, invest in a growing workforce, and give back in ways that strengthen us all.”

To read the complete article, go to www.lockhaven.com


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