Greenway Greenhouse Cannabis Corporation announced the completion of the construction of its processing expansion and provided a general expansion update.
Greenway is pleased to announce the completion of one of the two stages of the current expansion. The 46% increase in processing space includes new dry rooms, curing rooms, and secure storage and processing space which expands Greenway's processing capability to support up to 500,000 ft2 of flowering space. The completed portion of the expansion has come in ahead of schedule and is below budget.
"Our team is happy that we can keep showing to the public that we are delivering on our promises," said Carl Mastronardi, President of Greenway. "We have a long history of building greenhouses, and because of our leadership team, we did it on budget and ahead of schedule."
"We know as growers that the processes that occur after the harvest are as important as all the other steps," said Jamie D'Alimonte, CEO of Greenway. "With this new space, we are able to continue to hang dry, cure, and hand finish all of our product. As we continue to scale, we are going to start seeing more and more efficiencies which directly translates into shareholder value."
The Company will provide a final update on the construction of the expanded cultivation area in the coming weeks.
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