Business
General Cannabis Continues Expansion with Latest Office Opening in Los Angeles and Renovation of 15,000 Square Foot Denver Headquarters
General Cannabis Continues Expansion with Latest Office Opening in Los Angeles and Renovation of 15,000 Square Foot Denver Headquarters.
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[{"type":"text","content":"\nDENVER, Jan. 22, 2019 (GLOBE NEWSWIRE) -- General Cannabis Corp. (OTCQX:CANN), the comprehensive resource for the highest quality service providers available to the regulated cannabis industry, today announced that it has secured a lease with WeWork Los Angeles in support of its Southern California expansion.  The Company plans to leverage the flexibility of the WeWork shared office model for business development and sales efforts in California, as well as additional markets around the country as more states implement a regulated legalization framework for cannabis.\n The expansion of its corporate infrastructure in California follows the recent news of a new General Cannabis office in New York, and complements its Northern California presence in Sacramento. In addition, the Company is undergoing a transformational remodel of its 15,000 square foot headquarter office in Denver, Colorado which is expected to be completed by Spring 2019. General Cannabis has owned the building in Central Denver since 2014. “Having a Los Angeles presence allows us to deepen our relationships within the California cannabis industry,” said Michael Feinsod, Chairman and CEO of General Cannabis. “The added flexibility provided by the WeWork model allows us to scale more efficiently than a traditional office lease. In addition, as we respond to rapid developments in new markets coming on line, we can expand our footprint effectively overnight in markets where WeWork has a presence such as Boston and Washington D.C.“ General Cannabis will share office space in the 925 N La Brea Ave location of WeWork, located in West Hollywood. This proximity will allow all four General Cannabis divisions (Next Big Crop, Chiefton, Iron Protection Group and GC Capital) to reach key clients in Southern California for business expansion efforts, while keeping overhead costs lower than a traditional office lease. “WeWork offices are a perfect place for our employees; vibrant and cutting-edge while offering an entrepreneurial spirit--one which General Cannabis shares and takes great pride in,“ said Joe Hodas, General Cannabis’ Chief Operating Officer. “When combined with the branded remodel of our headquarters, we anticipate these new work spaces will better support our brand, our values and our employees.”  Ac...