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Cronos Breaks Ground on World's Largest Purpose-Built Indoor Cannabis Facility
Cronos Breaks Ground on World's Largest Purpose-Built Indoor Cannabis Facility Can...
About this update from Cronos Group Inc
[{"type":"text","content":"\n\n\n\nCronos Breaks Ground on World's Largest Purpose-Built Indoor Cannabis Facility\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, May 23, 2017\n\n\n\nTORONTO, May 23, 2017 /CNW/ - Cronos Group Inc. (TSXV:MJN) (\"Cronos\" or the \"Company\") is pleased to announce the Company's wholly-owned licensed producer (\"LP\"), the Peace Naturals Project Inc. (\"Peace\"), breaks ground today on a 315,000 sq. ft. expansion.  The expansion includes a state-of-the-art 286,000 sq. ft. production facility (the \"New Facility\"), a 28,000 sq. ft. greenhouse (the \"Greenhouse\"), and an additional 1,200 sq. ft. extraction laboratory (the \"Extraction Lab\").  Upon completion, the New Facility is expected to be the largest purpose-built indoor cannabis production facility in the world. \n\n\n \n \n\n \nThis expansion will establish the Peace production campus as Cronos' global center of excellence.  The New Facility is designed to Good Manufacturing Practice (\"GMP\") certification standards and will include: \n\n\nDesignated area for proprietary genetic breeding\nPharmaceutical laboratory for cannabinoid and terpene extraction, identification, and formulation\nR&D space for analyzing metabolite enhancement and new lighting technologies\nTissue culture laboratory\nIndustrial-grade kitchen\nProcessing infrastructure capable of supporting production output from other Cronos facilities\nThe superstructure is expected to be complete by November 2017, with the New Facility fully operational by summer 2018.  This expansion will bring Peace's total estimated production capacity to 40,000 KG on an annualized basis.  \n\n\"Over the past six months, we've compiled research on numerous methodologies, ultimately culminating in a state-of-the-art facility that integrates lean manufacturing, production efficiencies, and commercial agricultural best practices.  As an organization, we take a relentless approach to operational optimization,\" said David Hsu.\n\nThe Company also breaks ground today on a 28,000 sq. ft. Greenhouse that will pr...