Business
Advantis Corp. Signs Lease, Triples Production Capacity
Advantis Corp. Signs Lease, Triples Production Capacity.
About this update from Advantis Corporation
[{"type":"text","content":"\n\n NEWPORT BEACH, CA, March 12, 2018 (GLOBE NEWSWIRE) -- ADVANTIS CORPORATION (OTC PINK: ADVT) signed a new lease last week that will triple the square footage of its packing and canning facility, according to Advantis CEO, Darren Cherry. Further negotiations are currently in place to purchase the facility to create a cannabis campus that houses several cannabis-related production and manufacturing businesses on several hundred acres of property.  “Sales are growing so fast, we have outgrown our facility,” CEO, Cherry, said. “We will be moving our canning operation to a more central location that more efficiently serves all of Southern California.” The new facility will be located equidistant from Los Angeles, San Diego, and Coachella Valley. Cherry says he is excited for the opportunity to cut down on expenses while making the end-to-end canning process much more efficient. “Logistics has always been one of my strengths,” Cherry explained. “An efficient operation ultimately reduces costs, increases margins, and significantly increases production capacity. Relocating our operations will bring us closer to our largest cultivating partners, which will reduce their transportation and security expenses, as well.”  Cherry explained that the new facility will be the first cannabis campus that houses growers, manufacturers, and other related cannabis businesses. “We’ve signed the lease and are already in the process of moving our operations. We have been working through the advance permitting process for some time, and everything is on track to get the entire campus permitted as we transition into the facility,” Cherry stated. Cherry stated that negotiations for the property purchase are still somewhat fluid, as details of the several hundred acre land acquisition are still being worked out. “The current owner of the property, an agricultural producer, sees the potential of this industry and is intrigued by the prospect of a partnership that would help him get an immediate foothold,” Cherry suggested. “This is a win-win opportunity that can potentially change the way California cannabis operations run on the back end. All production and manufacturing processes for several organizations can be centralized for maximum convenience, efficie...