$12M to fund medical marijuana site Secure facility

New Post Public Reply Private Reply Replies (0) Message Board
fitzkarz

$12M to fund medical marijuana site

Secure facility could employ 50 by end of year

Doug Schmidt, The Windsor Star

Published: Wednesday, January 08, 2014

The birth of a new industry for the region was announced Tuesday with a $12-million investment in a high-security facility that could employ 50 people by the end of the year to grow medical marijuana.

"We stand ready to meet every expectation that Health Canada has for the safe, highly controlled, professional management of this medicinal tool for doctors," said Joe Byrne, board chairman of the WindsorEssex Economic Development Corporation and an investor in CEN Biotech, a subsidiary of Michigan-based Creative Edge Nutrition.

Leasing a 27,000-square-foot barn a half-minute's drive from the Essex County OPP headquarters, CEN Biotech president Bill Chaaban said the plan is to add a 58,000-square-foot growing facility in the spring and have the operation "up and running seven months from now."

At the announcement were, from left, Lakeshore Mayor Tom Bain, CEN Biotech investor Joseph Byrne, CEN Biotech president Bill Chaaban, CEO WindsorEssex Economic Development Corp. Sandra Pupatello, and CEN Biotech head of corporate security Don Strilchuck. Plans for the project were announced at the agribusiness operations on Tuesday. View Larger Image View Larger Image

At the announcement were, from left, Lakeshore Mayor Tom Bain, CEN Biotech investor Joseph Byrne, CEN Biotech president Bill Chaaban, CEO WindsorEssex Economic Development Corp. Sandra Pupatello, and CEN Biotech head of corporate security Don Strilchuck. Plans for the project were announced at the agribusiness operations on Tuesday.

Nick Brancaccio, The Windsor Star
Email to a friend Email to a friend Printer friendly Printer friendly
Font:

"CEN Biotech is the first out of the gate, but I expect more," WEEDC CEO Sandra Pupatello told The Star. She said she can't divulge details, but last month another company, Startup ECGreen, received rezoning approval from Tecumseh town council to set up a similar but smaller commercial grow op in the Oldcastle Business Park.

A Health Canada spokeswoman cautioned, however, that there are more than 380 applications currently being processed, with only three - two in the Toronto area and one in Saskatchewan - licensed so far to grow, package and sell marijuana to registered patients.

Pupatello said CEN Biotech recently obtained a "ready-to-build" letter from Health Canada, which she referred to as a "critical step in the very gruelling process" toward being licensed by the federal agency.

Pupatello, who was part of the official announcement at the Jim Shaban farm off Manning Road just south of Highway 401, said CEN Biotech is part of a new growth sector in the local economy, producing goods for the "life sciences" market.

"Walk into any grocery store or pharmacy - natural products are expanding," Pupatello told The Star. She also said a growing number of doctors are recognizing the benefits and prescribing marijuana to help treat the effects of everything from glaucoma and nerve pain to chemo-induced nausea, seizures and multiple sclerosis. Also at the news conference was Donald Strilchuck, who retired as a detective after 33 years with the Windsor Police Service and who was introduced as head of corporate security for CEN Biotech.

Byrne, a lawyer, businessman and former town and county politician, said security at the Lakeshore facility will resemble that of a federal penitentiary, with double perimeter fencing, 24/7 on-and off-site monitoring including night-vision cameras, as well as guards, including two former city police officers and an off-duty uniformed OPP officer.

The business proponents have received RCMP clearance, and nobody gets inside without criminal checks, according to the principals.

"It's just one more crop ... with special rules," said Chaaban. Upwards of 40,000 marijuana plants will be grown hydroponically from seed, with up to 1.3 million pounds of medical marijuana to be produced annually, subject to demand. The product, all electronically tracked, is grown, harvested, dried and packaged on-site and then sent by courier to the patient/client.

I'm in it to win it!

NASDAQ DIP and RIP
Here is the best word that describes what i do here.
Intuitive;
means having the ability to understand or know something without any direct evidence or reasoning process.

I was born with it, I'm truly blessed!


Alway's searching for winners'
937206596_images.jpg
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Dentistry.One Achieves HITRUST i1, Boosts Cybertrust

Updated Category News Views 3

HITRUST i1 Certification: The Gold Standard in Security For a world increasingly reliant on digital infrastructure, cybersecurity certification is no longer just a badge of honor; it's a cornerstone of trust. Dentistry.One nailed this down by bagging that coveted HITRUST i1 certification. When folks talk about securing data, HITRUST might as well be speaking gospel. We're...

Continue Reading
NYSE Texas Redefines the U.S. Capital Markets Landscape

Updated Category News Views 10

NYSE Texas: Carving a Niche The notion of 'Y'all Street' might seem like a gimmick, but NYSE Texas is pushing a serious agenda with its newly released white paper, 'NYSE Texas and the Reshaping of U.S. Capital Markets.' This is no small feat. Texas is already housing 235 NYSE-listed companies, boasting a colossal combined worth of $4.8 trillion. With 130 of these firms...

Continue Reading
Epic Political Thriller Explores Humanity's Future

Updated Category News Views 4

Adams' Provocative Debut Asks Timeless Questions Sometimes life throws a philosophical curveball, and that's exactly what John C. Adams has done with his debut novel, The Third Phase. This isn't your average political yarn—it's an intricate tapestry intertwining political intrigue, deep spiritual inquiry, and hearty doses of classic philosophy. A Whirlwind Journey...

Continue Reading
Cala Launches Game-Changer Wearable for Tremor Relief

Updated Category News Views 10

Breaking New Ground in Neuromodulation Medical tech's on a roll, and Cala Health just hopped on the fast track with their latest launch—the Cala kIQ Plus System. This bad boy is aiming to offer relief for those grappling with hand tremors, thanks to its FDA clearance and a host of new features. It's the first of its kind, combining multiple therapy modes with an...

Continue Reading
JiMMYBAR! Expands Creatine Market with Target Launch

Updated Category News Views 10

JiMMYBAR! Breaks New Ground in Supplements You ever notice how some companies just know how to shake things up? Take JiMMYBAR!, for instance. The moment I read they’re making moves to get their Creatine + Protein bars into Target stores nationwide, starting October 4, I thought, “That’s one way to drag creatine out from the dusty tub and onto the shelves of...

Continue Reading
ROKFORM’s Signal Card: A Wallet Tracker for All

Updated Category News Views 7

The Gadget You Didn't Know You Needed Ever feel that momentary panic when your wallet seems to have vanished into thin air? ROKFORM's fresh offering, the Signal Card, tackles that heart-stopping moment head-on. They've taken the mundane act of misplacing your wallet and transformed it with their sleek, credit-card-sized tracker. This baby pairs seamlessly with Apple Find...

Continue Reading
Truss Financial Tackles Home Equity Closing Delays

Updated Category News Views 8

Truss Financial Group's Bold Move Against Closing Delays In real estate, time is money. Even the most casual market observer could tell you delays can slice through a deal like a hot knife through butter. That's the headache home equity borrowers face, blindsided by closing delays that sneak up on them without warning. An Industry Bottleneck Finally Addressed Enter Truss...

Continue Reading
Skandia's Soundproofing Kit Expands to Brazil's Skies

Updated Category News Views 4

Soundproofing Takes Off in Brazil Skandia has just pulled off a neat trick, earning the nod from Brazil's National Civil Aviation Agency (ANAC) for their King Air soundproofing kit. That means quieter skies ahead for operators of the King Air 200 and 300 series in Brazil. This is no small feat, folks; it's like finally getting that coveted backstage pass after years of...

Continue Reading
TA Services Strengthens U.S.-Mexico Freight Operations

Updated Category News Views 5

TA Services Moves Boldly Across Borders If ever there was a time to play the logistics chessboard like a champ, it's now, and TA Services just slammed the board with a solid move. They've grabbed Carmen Pacheco Transportation and Interload Forwarding, two family-run operations with some real muscle in North American logistics. This isn't a small-time maneuver; they've...

Continue Reading
Community Banks Missing $106B Lending Opportunity?

Updated Category News Views 6

A Missed Opportunity for Community Banks It's a classic tale: community banks sleepwalking while big players snatch up low-hanging fruit right in their own backyards. According to the latest report by Cornerstone Advisors, commissioned by Teslar Software, these banks are essentially leaving $106 billion on the table when it comes to consumer lending. That's not just chump...

Continue Reading
ws Articles" class="btn" href="https://investorshangout.com/blog/news?page=2">More News Articles