Cresco Labs Triples Cannabis Cultivation Capacity In PennsylvaniaPosted by On

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Cresco Labs Inc. said it has completed the expansion project for its cultivation and manufacturing facility located in Brookville, Pennsylvania, enabling the company to triple its cannabis cultivation capacity in the state.

The expansion project gives the multi-state cannabis operator an additional 66,000 square feet of indoor and greenhouse cultivation area, bringing the total cultivation space in the facility to 88,000 square feet.

The Brookville site supplies Cresco’s brands to licensed dispensaries in Pennsylvania.
Cresco Labs noted that the expansion project provides a 300 percent increase in capacity for butane extraction as well as a 90 percent increase in ethanol extraction.

This will enable the company to efficiently process its increased biomass to manufacture its full portfolio of brands, including Cresco, Remedi and Reserve, with new brands to be launched soon.

As a result of tripling the Brookville site’s capacity in a phased approach, Cresco Labs expects production from the third, 22,000-square-foot phase to enter the market this month. Production from the fourth, 22,000-square-foot phase will start in July 2020 and gradually increase throughout the remainder of 2020.

Cresco Labs noted that Pennsylvania is a high-barrier, limited license market that is expected to become one of the biggest medical markets in the U.S. The state has over 284,000 registered patients and nearly 80 operational dispensaries, as of April 2020.

Cresco Labs first entered the Pennsylvania market in February 2018, with the opening of its CY+ branded retail dispensary in Butler, making the first-ever legal sale of cannabis under the state’s medical marijuana program.

The cannabis company, which has three dispensaries in Pennsylvania, plans to open three more dispensaries in the Philadelphia area and rebrand all its dispensaries in the state to its Sunnyside national retail brand.

In late April, Cresco Labs reported a net loss for the fourth quarter that widened from last year despite strong revenue growth. The company also said it reached a mutual agreement to terminate the acquisition of Las Vegas-based seed-to-sale cannabis company Tryke Companies LLC.

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