Cultivation

COLUMBUS, Ohio — The Ohio Department of Commerce on Friday announced 11 companies that will grow medical marijuana in the state’s new program.

The department announced winners for smaller, level II grows of up to 3,000 square feet of growing space. A department spokeswoman said the larger tier I license winners will be announced in the coming weeks.

Ohio Medical Marijuana Level II Grow Sites

LEVEL II CULTIVATOR PROVISIONAL LICENSE RECIPIENTS

Fire Rock Ltd. (Columbus, Franklin County)
Fire Rock Ltd. (Canton, Stark County)
Fire Rock Ltd. (Arkon, Summit County)
FN Group Holdings LLC (Ravenna, Portage County)
Mother Grows Best LLC (Canton, Stark County)
OhiGrow LLC (Toledo, Lucas County)
Ancient Roots LLC (Wilmington, Clinton County)
Ohio Clean Leaf LLC (Dayton, Montgomery County)
Ohio Clean Leaf LLC (Carroll, Fairfield County)
Ascension BioMedical LLC (Oberlin, Lorain County)
Agri-Med Ohio LLC (Langsville, Meigs County)
Paragon Development Group LLC (Huber Heights, Montgomery County)
Hemma LLC (Monroe, Butler County)
Galenas LLC (Akron, Summit County)

Want to Get a Job in the Marijuana Business?

The list of companies wanting to break into Ohio’s budding medical marijuana business includes major players on the national and international stage with experience and access to financing that gives them an edge, according to industry experts and insiders.  State officials have released details on these applicants, including where their proposed growing operations would be. The state plans to announce which companies will receive the 24 growing licenses in November 2017.

  • Level 1: Allows for growing initially up to 25,000-square-feet of product.
  • Level 2: Allows for growing initially up to 3,000-square-feet of product.

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Virtual Reality Grow Operation

by Robin Ann Morris on

Step 1: Click the image below once it loads.
Step 2: Click the 3D icon at the bottom of the image to engage the Virtual reality Experience!

If you are a cannabis business interested in being a featured facility, reach out to us at Seattle@KushTourism.com

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Greengro Technologies Inc Continues to Battle Back

by Robin Ann Morris on

Greengro Technologies Inc (OTCMKTS:GRNH) is a company we noted last month as a potential turnaround play in the wake of the severe sector-wide losses seen for cannabis patch players in Q2 of this year. Management continues to push forward. The latest from GRNH is its recent announcement that it has received a commitment from Ohio Medicinal Gardens LLC (OMG), based out of Akron, Ohio, to build a state of the art Level-I 25,000 square foot medical marijuana facility. “I am 100% behind the system, it is the best we have seen,” said Joseph Scaccio, CEO of Ohio Medicinal Gardens.

According to the release, the facility will be equipped with three tiers of fully automated recirculating vertical hydroponic production, and will be powered by a combined chilling heat a power (CCHP) positive pressure HVAC system to improve energy efficiency and sustainability.

Greengro Technologies Inc (OTCMKTS:GRNH) casts itself as a company that designs, manufactures, and markets green eco-friendly vertical cultivation systems in the United States. It offers flux lighting products, table stands, nutrient mixers, home units, cloning systems, and tea brewers, as well as provides consulting and management services to its clients.

GRNH offers its products to consumers and industrial cultivators through its Website. It has a strategic alliance with Solaris Power Cells. The company, formerly known as Authoriszor, Inc., was founded in the 1996 and is based in Westminster, California.

According to company materials, “GRNH is a world class provider of eco-friendly green technologies with specific domain expertise in indoor and outdoor agricultural science systems serving both the consumer and commercial farming markets. It brings together community and commerce through the growth and distribution of healthy, nutritious foods and vital medicines backed by science and technology. Customers include restaurants, community gardens, small and large scale commercial clients. GRNH also provides design, construction and maintenance services to large grow and cultivation operations and collectives in the medical and recreational marijuana sectors.”

Find out when $GRNH reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

As noted above, shares of GRNH continue to push back to the upside after a key support pivot around the $0.04 level in early July. GRNH recently picked up a new client — Ohio Medicinal Gardens LLC (OMG), based out of Akron, Ohio – for the construction of a state of the art Level-I 25k square foot medical marijuana facility.

According to the release, “With medicinal cannabis, recently being legalized in the State of Ohio, applications are being submitted and accepted for cultivation facilities in record numbers. OMG and GreenGro Technologies successfully submitted the application to the State by the June 30, 2017 deadline and is currently waiting for approval, which could be received as early as November 2017… OMG was the first of seven facilities to be approved by Akron’s Planning Committee in early June, and on  Monday, July 31st,, Akron’s City Council approved OMG Conditional Use Permit (CUP) for the facility’s location.

“Biodynamics was founded in Akron, Ohio, and we are excited to have the opportunity to build one of the most advanced medical marijuana cultivation facilities in the country, right here in our home town,” said Trisha Madden, CEO of Biodynamics.”

Recent action has seen 11% tacked on to share pricing for the name in the past month, but that move comes in the context of a larger bearish trend, as discussed above. However, one look back at this chart and you can readily see the stock’s track record of dramatic rallies, which shouldn’t bo overlooked.

In addition, GRNH has registered increased average transaction volume recently, with the past month seeing 10% beyond what we have been seeing over the larger time frame, indicating a rise in recent participation.

Earning a current market cap value of $22.47M, GRNH has a stash ($1.6M) of cash on the books, which compares with about $1.1M in total current liabilities. One should also note that debt has been growing over recent quarters. GRNH is pulling in trailing 12-month revenues of $897K. However, the company is seeing declines on the top line on a quarterly y/y basis, with revenues falling at -11.2%. This may be a very interesting story and we will look forward to updating it again soon. For continuing coverage on shares of $GRNH stock, as well as our other breakout picks, sign up for our free newsletter today and get our next hot stock pick!

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Six applicants apply to grow medical marijuana in Akron

by Robin Ann Morris on

AKRON, Ohio – Six plans to cultivate medical marijuana in Akron — with project costs ranging from $50,000 to $6 million – have been submitted to the city. One proposed Akron site, 1055 Home Ave., is now owned by the city, said city spokeswoman Ellen Lander-Nischt. The city is negotiating to sell the property to applicant Paul Thomarios, who wants to buy it for cultivation and dispensing.

Another proposed facility, estimated at $6 million, is on Harlem Road near the defunct Rolling Acres Mall.

Earlier this month, Akron City Council unanimously approved legislation regulating the cultivation, processing and sale of medical marijuana in Akron. The city requires residents to have conditional and provisional use permits to grow, but they don’t need to have them in hand when applying to the state.

Through a competitive process, Ohio is granting 24 licenses: 12 licenses for up to 25,000 square feet of growing space, and 12 licenses for up to 3,000 square feet.

Previous coverage: Akron approves medical marijuana law

In Akron, obtaining conditional use is the first step to apply to the state. Applicants filed submitted the application, site plan and map to the city zoning office. With zoning approval, the applicants then must appear at a Planning Commission public hearing at 9 a.m. June 2.

Applicants that didn’t make the May 10 deadline must wait until July to present to the commission, Lander-Nischt said.

With Planning Commission approval, the applicants then apply to Akron for a provisional license and finally an operating license, which is necessary only if they are chosen by the state, Lander-Nischt said. They also appear before Akron City Council for final approval.

Here are the applicants that will appear at the public hearing June 2:

Owner/Option holder: Firestone Self Storage/Galenas LLC

Property address: 1956 S. Main St.

Use: Cultivation

Project cost: $1.1 million

Owner/Option holder: Alexander Buildings LLC/Grow Med Ohio LLC

Property address: 171 Kelly Ave.

Use: Cultivation

Project cost: $200, 000

Owner/Option holder: Michael Collins

Property address: 1025/1023 South Broadway St.

Use: Cultivation

Project cost: $400,000

Owner/Option holder: Paul Thomarios/Equinox Capital LLC

Property address: 1055 Home Ave.

Use: Cultivation, production, dispensing

Project cost: $1 million

Owner/Option holder: Kate Ols/Greenleaf Gardens LLC

Property address: Harlem Road

Use: Cultivation, processing

Project cost: $6 million

Owner/Option holder: Mike Sonderman

Property address: 132 E. Crossier St.

Use: Cultivation

Project cost: $50,000

In Ohio, medical marijuana must be available for licensed patients by September 2018. The law allows certified physicians to recommend patients buy and use marijuana if they have one of 21 medical conditions, including AIDS, Crohn’s disease, hepatitis C, sickle cell anemia and traumatic brain injury.

The law prohibits marijuana use through smoking or combustion, or any form that is attractive to children, but approves oils, tinctures, plant material, edibles and patches.

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Medical marijuana facility plans aired

by Robin Ann Morris on

GREEN CAMP – “I want to be here,” the spokesperson for a group proposing a medical marijuana growing facility told community residents Thursday. Janet Breneman envisions an operation in this rural community southwest of Marion that would cultivate strains of medical marijuana that would target patients who have epilepsy and rheumatoid arthritis, among other ailments.

“We can’t come in here and stay for five years,” Breneman said, speaking of the commitment of her group, Green Provisions LLC. “We’re here for the duration.”

About 125 Green Camp township and village residents packed the meeting room at the Green Camp Township Complex to hear the proposal.

Breneman gave a 30-minute presentation and then answered questions for more than an hour about the proposal.to lease the former Parker Hannifin Hose Products Division plant, 2974 Marion-Green Camp Road. The 300,000-square-foot factory has been closed for 13 years.

Questions from the crowd ranged from concerns about security to how money generated by the operation would be used by the township. Trustees and residents agreed that road repair should be a priority.

The proposal calls for “a building within a building,” initially taking up about 25,000 square feet, she said. There would be a $3 million investment in a new roof, sandblasting and cleaning up the factory, she said. “In nine months, we’ll be up and running (once a license is issued).”

Projected numbers estimated by Breneman: First-year gross revenues of $15 million, an initial $2 million payroll and 25-30 full-time jobs for community members that would start at $15 per hour with full benefits. The number of jobs could expand if demand for medical marijuana in Ohio warrants it.

Parker Hannifin shuttered the Green Camp operation in 2004, resulting in the loss of almost 200 jobs. The plant produced wire-reinforced hydraulic hoses.

One resident expressed concerns about safety. “We’ll have a narcotic being grown yards from our homes,” he said, wondering if the plant would attract thieves.

Breneman said that crime has actually gone down in areas around other marijuana-cultivation operations, noting that marijuana dispensaries — not part of the Green Camp proposal — are where the thefts more typically occur. That’s a separate licensing area under state law. Furthermore, the state has strict security requirements for cultivation sites.

“We are going to protect ourselves, just like any business,” she said. There will be a security system, a security guard and access to the building will be via keypad entry.

“What are the negatives?” a resident asked.

Because of the legal requirements and the fact that it will be “very highly regulated,” Breneman said, “As long as everything is on the up and up, there should be no negatives.”  Each marijuana plant that is grown will be tracked by its DNA, so where it is going and how it is used will be monitored, she said.

All employees would have to, under state regulations, pass a background check and be fingerprinted, she said. The members of the Green Provisions group also must undergo background checks and place $500,000 in escrow for insurance.

According to the presentation, marijuana would be grown there and shipped out, Brenaman said. The operation could be expanded to include extraction of the cannabis oil, she said.

About 90 percent of the former Parker Hannifin site is in the township; 10 percent is in the village of Green Camp. Although that means the township would benefit financially, provisions would be made for the village, Breneman said.

“We do not want you to incur costs from what we do,” Breneman said in response to concerns that the operation would strain the village’s wastewater budget.

Township Trustee Chairman Tom Myers told the standing-room-only crowd that Thursday’s meeting was for informational purposes. Myers said earlier that a decision could come at the township’s Monday, May 15 regular meeting.

If trustees don’t give their approval, the group will seek to open its facility in Delaware County, Breneman said. Green Provisions initially looked at a site there, but didn’t get approval from Delaware City Council, she said. However, that council has reversed that decision, and that would be the fall-back plan, she said. “Green Camp is our first choice, that is Plan A.”

One resident elicited applause when he said that township residents should get to vote on whether trustees should give the project their blessing. When Breneman asked for a show of hands of those who supported the proposal, more than half the crowd raised their hands.

Even if Green Camp Township gives its blessing to the project, operators still have to apply to the state for a cultivator’s license, Breneman said.

The Ohio Department of Commerce finalized its rules on grow sites in April, ahead of a statutory May 6 deadline. Under the rules, the commerce department may award up to 12 Level I cultivator licenses and up to 12 Level II cultivator licenses prior to Sept. 9, 2018.

Level I cultivators are permitted to operate an initial marijuana cultivation area up to 25,000 square feet. Level II cultivators are permitted to operate an initial marijuana cultivation area of 3,000 square feet.

The state regulations are intended to avoid a monopoly — no cultivator could own more than one site, and they have to be spread across Ohio. Large sites would pay a $20,000, one-time, nonrefundable application fee and $180,000 licensing fee annually. Smaller sites would pay a $2,000 initial application fee and an $18,000 licensing fee each year.

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