Canopy Growth will transform the (appropriately spotless former vacuum parts) building this summer in Kirkwood, NY for previously announced Hemp Industrial Park
SMITHS FALLS, ON and KIRKWOOD, NY, April 29, 2019 /PRNewswire/ - Canopy Growth Corporation .... is pleased to announce a key milestone in establishing its Hemp Industrial Park in the Southern Tier region of New York State.
The Company has secured a 308,000 sq. ft. facility on a 48-acre property in Kirkwood, NY.
Design activities will commence immediately with construction commencing this summer.
The vision for the property is to build the infrastructure necessary to support hemp-derived cannabinoid extraction and related manufacturing together with providing an opportunity for participation by other businesses in the hemp industry.
"As we establish a stronger foothold in the exciting US market, we want to do so in a way that ---> prioritizes local vendors and creates meaningful career opportunities for people in the communities where we operate," said Bruce Linton, Chairman & co-CEO, Canopy Growth.
"The vision for our investment is to create an eco-system that inspires new entrepreneurs and ---> generates more economic stimulus than a single company can offer. As we build the facilities, we'll also attract like-minded businesses who share our excitement for the emerging hemp and hemp-derived cannabinoid markets."
The Company will begin hiring senior leadership in late 2019 and recruit the full workforce in mid 2020.
Canopy Growth has also ---> begun securing farm capacity to supply enough hemp for its own future extraction and formulation activities within the park.
The Company intends to ---> prioritize farms within New York State for the supply of hemp at this site.
"We welcome Canopy Growth to Broome County with ---> open arms. ( IMHO - Another Smith's Falls in the USA )
We haven't seen an investment like this in Broome in some time, and we're so excited a company like them is setting up shop in our area," said Broome County Executive Jason Garnar.
"With Canopy Growth coming to Broome County we look forward to seeing the benefits in job investment."
With the location secured, Canopy Growth expects work to commence quickly on Pine Camp Drive and with local contracted construction teams retrofitting the facility, operations will scale-up quickly.
It is anticipated that the operations will create hundreds of new local full-time positions, in addition to the contracted construction workers.
New York State granted a hemp licence to Canopy Growth in January of this year, allowing the Company to establish operations in the state and build a facility for hemp-derived cannabinoid extraction and processing for various applications.
--> The new hemp facility will be capable of producing tons of hemp extract on an annual basis.
The Company will begin ---> approaching third-party organizations to join the ecosystem.
Canopy Growth is eager to attract businesses and researchers focused on every application of the hemp crop such as fibers, seeds, and hemp-derived cannabinoids.
Since announcing intent in January 2019, the Company has worked closely with US government officials at all levels. From the local government and economic development officials, the New York Farm Bureau, to state representatives, Governor Cuomo's office, and Senator Schumer's office,
---> Canopy Growth wishes to thank these key stakeholders for their commitment to building a hub for hemp innovation and entrepreneurship in the Southern Tier.
Here's to Future Growth.