Generation Alpha Inc (OTCMKTS:GNAL) established its presence in the US’s medical cannabis industry with the takeover of Arizona based 46,000 Sq. Ft. with Special Use Permit. The new facility is situated close to Sky Harbor International Airport in Phoenix and facilitates the processing and cultivation of cannabis for medicinal use.
Takes over a company in Arizona
Generation Alpha acquired a company based in Arizona in 2018 to offer turnkey services for operation, administration, and management of a medical marijuana processing and cultivation facility. It is operating the facility under license from the Department of Health Sciences in Arizona on behalf of another entity. After ending the commercial license for an Arizona based facility earlier this year, Generation Alpha decided to purchase Arizona based facility with SUP for $3.5 million. Its operations will strengthen the balance sheet soon.
A lucrative deal
CEO of Generation Alpha, Alan Lien, said the company is excited to clinch a lucrative deal in Arizona. The facility also holds local permissions for cannabis cultivation and processing for medical use and helps Generation Alpha expedite its operations. According to Alan, Arizona holds excellent potential in the medical cannabis space.
Generation Alpha engages in providing solutions and products to cannabis growers in recreational and medical space in the legalized markets nationwide. Several growers in the US relied on lighting solutions offered by Generation Alpha to improve yields economically and achieve better ROI.
The client base of Generation Alpha comprises e-commerce, distributors, retail stores, and commercial growers. It commenced the expansion of touch plant side cannabis business in 2018.
Enters a pact with Seinergy LLC
Generation Alphas entered an alliance with an indoor agriculture LRP (lighting rebate provider) in the U.S – Seinergy LLC in February 2019. The deal helps the company offer savings of up to 40% for each light fixture. Alan said the pact with Seinergy allows the company to offer additional business solutions for the customers when it introduces an innovative B9 LED light system. Therefore, customers can save costs and improve their margins using both Seinergy and Generation Alpha’s services and solutions.
Seinergy allows the customers to get cashback grants for its energy-efficient grow lights from the local utilities. It is a win-win situation for customers and both firms.
NewAge Inc Unveils New Adolescents’ Multivitamin with Healthier Assimilation for Resistant System Sustenance
Post Views: 2 Newage Inc (NASDAQ: NBEV), the Colorado-based biological and healthy products business, proclaimed today the introduction of Nutrifii...
NewAge Inc. (NASDAQ:NBEV) Expanding Its Operations In Europe As Lucim™ Gets Recognition As A Safe Skincare Product
Post Views: 580 NewAge Inc. (NASDAQ:NBEV) announced a record net revenue increase in Europe, record attendance at its virtual events,...
ILUS International Inc. (OTCMKTS:ILUS) Appoints New Marketing Director Dejana Radonjic To Help With Global Marketing
Post Views: 525 ILUS International Inc. (OTCMKTS:ILUS) seems more focused on making new acquisitions, with about two accomplished within its...
Conservative Broadcast Media Journalism (OTCMKTS:CBMJ) Reports Revenues Of $2.4 Million In 2020
Post Views: 576 Conservative Broadcast Media Journalism (OTCMKTS:CBMJ) posted a robust growth of 118% YoY to $2.4 million in 2020. Development...
Cannabics Pharmaceuticals (OTCMKTS:CNBX) Initiates RCC-33 Dose-Response Study, And Cresco Labs (OTCMKTS:CRLBF) Launches Wonder Wellness Gummies
Post Views: 559 Cannabics Pharmaceuticals (OTCMKTS:CNBX) has announced that it will initiate a Dose-Response in-vivo Study in mice whose data...
Curaleaf Holdings Inc. (OTCMKTS:CURLF) Rebrands And Opens New Locations In Pennsylvania And Illinois
Post Views: 608 Curaleaf Holdings Inc. (OTCMKTS:CURLF) has announced new Curaleaf branding for its recently acquired retail locations and the...