Marijuana Company of America Inc. (MCOA), which leases property to business entities engaged in the growth and sale of cannabis for medicinal and recreations use, has completed the setup of 10,000 square feet of new greenhouse space. Use of the greenhouse, which was developed through MCOA’s Washington-based joint venture with Bougainville Ventures, is pending the completion of inspection, which is the final step needed before commencing cultivation.
The first 10,000 square feet of the facility, which will ultimately encompass 30,000 square foot, has been fully erected and is ready for inspection, along with its newly installed security system. A construction crew is currently focused on installing the wiring and mounting panels, plugs and switches, the HVAC system, and fans. Once the inspection is approved, the tenant grower will be allowed to occupy the space and begin growing.
Bougainville Venture Inc. converts irrigated farmland that was traditionally used to grow marginally profitable feed crops into greenhouse-equipped farmland used to grow luxury crops, with a primary focus on marijuana. Bougainville focuses on providing growers with state-of-the-art computer controlled greenhouses and processing facilities.
“We are looking forward to providing a turnkey property to the first of hopefully many licensed tenants in Washington,” says Donald Steinberg, CEO of MCOA. “Providing a facility for growers is an ideal cultivation environment for tenants with minimal start-up capital and consistent rental income for MCOA.”
Once the new facility is fully built, it will have the ability to house approximately 4,000 plants.