The Warwick Valley Local Development Corporation (LDC) and the Orange County Industrial Development Agency (OCIDA) announces that a large cannabis producer has expressed formal plans to build a cultivation and manufacturing facility at the Warwick Valley Office and Technology Corporate Park (the Park) in 2021.
Green Thumb Industries (OTCQX: GTBIF), with headquarters in Chicago, Illinois, is a leading cannabis consumer packaged goods company and owner of Rise™ Dispensaries. The company will purchase the remaining eight lots available at the Park (approximately 40 acres) to build out a state-of-the-art cultivation and manufacturing facility, that, once fully operational, will employ approximately 125 full-time employees with a competitive compensation package including full benefits, according to its recently submitted application to OCIDA for tax incentives.
Green Thumb has 13 manufacturing facilities, licenses for 97 retail locations and operations across 12 U.S. markets. Established in 2014, Green Thumb employs over 2,300 people and serves thousands of patients and customers each year. Green Thumb manufactures and distributes a portfolio of branded cannabis products including Beboe, Dogwalkers, Dr. Solomon’s, incredibles, Rythm and The Feel Collection. The company also owns and operates rapidly growing national retail cannabis stores called Rise™ Dispensaries.
Formerly a New York State Correctional Facility, the Warwick Valley Office and Technology Corporate Park sits within 150 acres in the Town of Warwick. The prison property was shuttered in 2011 and purchased by the LDC. Since that time, the Town of Warwick and LDC have worked collaboratively to attract new businesses to the property, develop community spaces, and develop 10 “shovel-ready” pad sites.
A large cannabis producer has expressed formal plans to build a cultivation & manufacturing facility at the Warwick Valley Office & Technology Corporate Park in 2021.
