B.C. company buys Ferndale center for marijuana businesses

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...

Rate this article: 

This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.