Page 40 - புதுமையானது தொழில்துறை ப்ராபர்டீஸ் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

), a vertically integrated, multi-state cannabis operator, announced the first phase of its previously announced expansion project (the “Expansion Project”) at its Pennsylvania cultivation facility (the “Facility”) located in Scranton, PA. The Company’s wholly-owned subsidiary, Pennsylvania Medical Solutions, LLC (“PAMS”), has entered into an amendment of its existing lease with Innovative Industrial Properties, Inc. (“IIP”) (NYSE: IIPR), making available an additional $30 million in funding for the first phase of property development of the Facility. The funding will be used to complete the buildout of the existing 89,000 sq. ft. building and an approximately 40,000 sq. ft. expansion of the Facility for a total of 130,000 sq. ft. The first phase of the expansion, with an estimated budget of approximately $40 million, is expected to add approximately 26,000 sq. ft. of canopy for a total of 45,000 sq. ft. and is expected to be completed by the fourth quarter of 2021,

United statesMichael perlmanJim cacioppoEllen mellodyJushi holdings incCompany managementInnovative industrial properties incInnovative industrial propertiesPennsylvania medical solutionsCompany commences first phase of expansionCompany commences first phaseMaking availableReal estateChief executive officerPennsylvania turnpikeIndustrial properties