Jacob Redmond
Well-Known Member
A Vancouver, B.C., company has bought a business center at 2010 Grandview Road for $1.2 million and plans to lease space to licensed marijuana growers and processors.
Chlormet Technologies bought the 9.7-acre parcel in Ferndale through its Washington state subsidiary PacCan Industries, according to a company news release.
The seller was Excelsior Mortgage Equity Fund of Lake Oswego, Ore.
The property is zoned general business.
The land has a number of buildings on it, Chlormet said. The largest is about 13,000 square feet and is divided into eight bays.
Two tenants who rent four of those bays have been given a notice and must leave by June 30, according to the company. It hopes to sign a long-term lease with the third tenant.
The businesses weren't named.
Chlormet, which has hired a developer, said the property is large enough for construction of additional large buildings.
Company officials couldn't be reached for comment but said in a news release that they were entering the medical marijuana sector by buying a 100 percent interest in AAA Heidelberg, a private Ontario company that was in the process of applying for a license in Canada to grow medical marijuana.
Officials also have said they planned to become involved in the legal marijuana industry in Washington state by providing building, equipment and non-grow related services to those with state licenses.
Ferndale zoning allows for recreational marijuana growers and processors in that center, according to Jori Burnett, the city's community development director.
"The city has not received applications," Burnett said, "and we have not yet had the opportunity to determine whether the impacts or water/sewer demand could be met with the existing infrastructure. This determination would be made based upon the application materials that would be submitted."
Chlormet also owns VapeTronix, a Canadian vaporizer and electronic cigarette company.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: B.C. company buys Ferndale center for marijuana businesses | Bellingham Herald Bellingham Herald
Author: Kie Relyea
Contact: kie.relyea@bellinghamherald.com
Photo Credit: None Found
Website: Breaking News, Sports, Weather | BellinghamHerald.com & Bellingham Herald
Chlormet Technologies bought the 9.7-acre parcel in Ferndale through its Washington state subsidiary PacCan Industries, according to a company news release.
The seller was Excelsior Mortgage Equity Fund of Lake Oswego, Ore.
The property is zoned general business.
The land has a number of buildings on it, Chlormet said. The largest is about 13,000 square feet and is divided into eight bays.
Two tenants who rent four of those bays have been given a notice and must leave by June 30, according to the company. It hopes to sign a long-term lease with the third tenant.
The businesses weren't named.
Chlormet, which has hired a developer, said the property is large enough for construction of additional large buildings.
Company officials couldn't be reached for comment but said in a news release that they were entering the medical marijuana sector by buying a 100 percent interest in AAA Heidelberg, a private Ontario company that was in the process of applying for a license in Canada to grow medical marijuana.
Officials also have said they planned to become involved in the legal marijuana industry in Washington state by providing building, equipment and non-grow related services to those with state licenses.
Ferndale zoning allows for recreational marijuana growers and processors in that center, according to Jori Burnett, the city's community development director.
"The city has not received applications," Burnett said, "and we have not yet had the opportunity to determine whether the impacts or water/sewer demand could be met with the existing infrastructure. This determination would be made based upon the application materials that would be submitted."
Chlormet also owns VapeTronix, a Canadian vaporizer and electronic cigarette company.
News Moderator: Jacob Redmond 420 MAGAZINE ®
Full Article: B.C. company buys Ferndale center for marijuana businesses | Bellingham Herald Bellingham Herald
Author: Kie Relyea
Contact: kie.relyea@bellinghamherald.com
Photo Credit: None Found
Website: Breaking News, Sports, Weather | BellinghamHerald.com & Bellingham Herald
