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Cannabis company GTI buys Holyoke mill space

Cannabis company GTI buys Holyoke mill space
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Marijuana grower GTI, outgrowing Appleton St., wants to buy former Hampden Papers complex in Holyoke

Marijuana grower GTI, outgrowing Appleton St., wants to buy former Hampden Papers complex in Holyoke
Posted May 12, 2021
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HOLYOKE Marijuana grower and retailer GTI Green Thumb Industries is in the process of buying the Hampden Papers complex at 100 Water St., according to the city.
The company is outgrowing its location at 28 Appleton St., said Aaron Vega, director of Holyoke’s Office of Planning and Economic Development. The company, which also does business in Holyoke under the brand name Rise, has a state license to grow cannabis in as much as 100,000 square feet, but only uses 30,000 square feet of space now at its Appleton Street facility. ....

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Kennedy Funding Closes $1.3 Million Loan for Industrial Property in Western Massachusetts

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ENGLEWOOD CLIFFS, N.J., May 11, 2021 /PRNewswire/ Kennedy Funding (kennedyfunding.com), one of the leading direct private lenders in the United States, announced today that it has closed a $1.3 million loan to Hampden Papers, Inc.
Proceeds from the bridge loan will be used as working capital for the borrower s property, located at 100 Water Street in Holyoke, Massachusetts. Funds will be used to complete payments due for Hampden Paper s prior business operations; the business was sold to a Louisville, Kentucky-based company in 2020. Proceeds will also be used toward the continued costs to maintain the 5.611-acre property, which is zoned for industrial use. ....

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LLFlex Hires Three New Executives for Packaging Segment

Industry veterans join LLFlex’s expanding packaging footprint following major acquisition & new North Carolina manufacturing facility.
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Jan 21st, 2021
Gregg Olah has joined LLFlex’s Packaging Segment sales team as Director of Sales Hampden, industry veteran Alan Lake has joined LLFlex’s Packaging Segment sales team as Business Development Manager and Balla Murillo also has joined LLFlex as a Business Development Manager.
LLFlex – a global provider of packaging materials and industrial laminate solutions for the consumer packaging, building & construction, and wire & cable, industries, has expanded its Packaging Segment leadership team with three new senior-level executives. ....

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