Northwest Cannabis Solutions Satsop facility

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Northwest Cannabis Solutions Satsop facility
Northwest Cannabis Satsop aerial.jpg
Northwest Cannabis Solutions facility outlined (red box right of center) on 2013 aerial photograph also showing cooling towers, nuclear reactor containment buildings and steam turbine gallery (below center)
Northwest Cannabis Solutions Satsop facility is located in Washington (state)
Northwest Cannabis Solutions Satsop facility
Former names Enterprise Warehouse
General information
Coordinates 46°57′56″N 123°28′07″W / 46.9655°N 123.4686°W / 46.9655; -123.4686 (Northwest Cannabis Solutions Satsop facility)Coordinates: 46°57′56″N 123°28′07″W / 46.9655°N 123.4686°W / 46.9655; -123.4686 (Northwest Cannabis Solutions Satsop facility)
Current tenants Northwest Cannabis Solutions
Completed 1980
Renovated 2000 and 2016
Client Cannex Capital/Fuller Hill Development
Owner Port of Grays Harbor
Dimensions
Other dimensions 500 ft × 100 ft (152 m × 30 m)
Technical details
Floor count 2
Floor area 50,000 sq ft (4,600 m2)

The Northwest Cannabis Solutions Satsop facility is a 50,000-square-foot (4,600 m2) indoor cannabis growing facility at the Satsop Business Park in Satsop, Washington occupied by Northwest Cannabis Solutions, the largest I-502 legal cannabis grower in the State of Washington.[1][2][3][4] The two-story facility was built in 1980 as part of the canceled Satsop Nuclear Power Plant complex built by WPPSS, also called "Whoops!",[5][6] and was leased from the new owner, Port of Grays Harbor by Northwest Cannabis in October 2016.[7] When the company was preparing to move in, in late 2016–early 2017, three new transformers were installed to furnish 9,000 amps for 2,000 grow lights and a robust HVAC plant.[2] Over six million dollars in improvements were made by the lessee, who executed a five-year lease with options to extend 45 more years.[8]

Cannex Capital owns Northwest Cannabis and trades on the Canadian Securities Exchange.[3][4][9] According to Bloomberg News, it has "the highest trailing revenue of any publicly traded U.S. cannabis company" in 2017.[9] Its other subsidiary, Brightleaf Developments, owns property and property leases.[10]

Northwest Cannabis Solutions had over a million dollars a month in sales in 2016[11] and produced 8,500 kilograms (18,700 lb) of wholesale cannabis in 2017.[3][4][9] Processing occurs at the company's other location in Tumwater (46°56′53″N 122°56′35″W / 46.948°N 122.943°W / 46.948; -122.943 (Cannex Tumwater facility)), near the Olympia Airport, employing 150 people in 2017.[11][12] The new facility at Satsop was said to employ 60 to 70 more.[8]

The Elma–Satsop area has at least one other notable cannabis concern, Green Freedom.[13]

References

  1. ^ Dan Hammock (March 10, 2017), "Under the towers: Satsop Business Park tenants offer wide range of products", The Daily World, Aberdeen 
  2. ^ a b Dan Hammock (January 11, 2017), "Construction at cannabis growing facility proceeding quickly", The Daily World, Aberdeen 
  3. ^ a b c Cannex Capital Holdings CEO Anthony Dutton on Being the #1 Cannabis Producer in Washington State, James West Midas Letter, April 11, 2018 
  4. ^ a b c Joseph Brabo (March 19, 2018), "Northwest Cannabis Solutions is Washington's biggest cannabis producer/processor & just started trading on the Canadian Securities Exchange", Respect My Region, Ellensburg, Washington 
  5. ^ Enterprise Office Complex, Port of Grays Harbor, accessed April 15, 2015
  6. ^ Alexander, Charles P. (August 8, 1983). "Whoops! A $2 Billion Blunder: Washington Public Power Supply System". Time Magazine. 
  7. ^ Marijuana Production Approved At Satsop Business Park, Aberdeen: KXRO News, October 4, 2016 
  8. ^ a b "Cannabis production comes to Satsop", South Sound Business, Premier Media Group 
  9. ^ a b c Jen Skerritt (March 14, 2018), U.S. Pot Producer Cannex Joins Marijuana Rush to List in Toronto, Bloomberg News 
  10. ^ Our assets: Brightleaf Developments, Cannex Capital
  11. ^ a b Rolf Boone (April 16, 2016), "Tumwater, once known for beer, is now home to marijuana growers, processors", The Olympian 
  12. ^ Wes Abney (April 1, 2017), "Inside NWCS", The Northwest Leaf 
  13. ^ David Haerle (July 31, 2015), Justin Wildhaber — A Business Mind in a ‘Budding’ Industry, Centralia, Washington: The Daily World – via The Chronicle 
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