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Cronos Group Inc. Announces Capacity Expansion with Premier Greenhouse Expert
Cronos Group Inc. Announces Capacity Expansion with Premier Greenhouse Expert Cana...
About this update from Cronos Group Inc
[{"type":"text","content":"\n\n\n\nCronos Group Inc. Announces Capacity Expansion with Premier Greenhouse Expert\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, July 18, 2018\n\n\n\nTORONTO, July 18, 2018 /CNW/ - Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (\"Cronos Group\" or the \"Company\"), is pleased to announce that it has entered into a joint venture partnership with a group of investors led by Bert Mucci (the \"Greenhouse Partners\"), one of Canada's most sophisticated greenhouse operators and builders. This partnership will function through a newly formed entity, Cronos Growing Company Inc. (\"Cronos GrowCo\"), which will develop, construct and operate a state-of-the-art purpose-built greenhouse for cannabis production in Kingsville, Ontario.\n\n\n \n \n\n \nCronos GrowCo is a 50/50 partnership between the Company and the Greenhouse Partners. It will leverage over three decades of Bert Mucci's experience in designing, building and operating sophisticated large-scale greenhouses. Bert Mucci, has a long history of greenhouse growing experience and will bring a wealth of knowledge and expertise to this collaboration. He has made significant contributions to the horticultural industry in Canada, including investments in innovative technologies and environmental stewardship. With a proven track record of growth and expansions in vertically integrated operations - from seed to package. Bert Mucci has overseen thousands of employees and over 200 acres of fruit and vegetable greenhouses in southwestern Ontario.  \n\nCronos GrowCo plans to develop an approximately 850,000 square foot custom-built greenhouse (the \"Facility\") on about 100 acres of land owned by Cronos GrowCo in the established greenhouse region of Kingsville, Ontario. The Leamington/Kingsville region of Ontario is home to the largest concentration of greenhouses in North America and is commonly referred to as the \"Sun Parlour,\" since the area boasts one of the warmest climates in Canada. The greenhouse materials are currently on the production site and construction will begin this summer. \...