Cronos Breaks Ground on World’s Largest Purpose-Built Indoor Cannabis Facility
TORONTO, May 23, 2017:
Cronos Group Inc. is pleased to announce the Company’s wholly-owned licensed producer, the Peace Naturals Project Inc., 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”).
This 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:
- Designated area for proprietary genetic breeding
- Pharmaceutical laboratory for cannabinoid and terpene extraction, identification, and formulation
- R&D space for analyzing metabolite enhancement and new lighting technologies
- Tissue culture laboratory
- Industrial-grade kitchen
- Processing infrastructure capable of supporting production output from other Cronos facilities
Upon completion, the New Facility is expected to be the largest purpose-built indoor cannabis production facility in the world.
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