The diversified cannabis holding company Global Consortium, Inc., GCGX announced Monday the opening of Phase One of the Cannabis Mall.
Global Consortium is constructing the first cannabis mall in the U.S. in Sacramento, California. The mall is set to have manufacturing, delivery, distribution, testing, retail and cultivation operations in a 64,000-square-foot space.
The company said it expects to obtain a certificate of occupancy, the company's third for manufacturing and its first for manufacturing using CO2.
Click here for more information about the upcoming Benzinga Cannabis Capital Conference Oct. 22-23 in Chicago.
The approval will allow Global Consortium to start production of Indulge Oil & Vape Carts and edibles, according to the company.
The company said has already started work on Phase Two, which will bring distribution, delivery and seedlings online.
Global Consortium's stock was up 120% at 0.0055 cents at the time of publication.
Don’t miss out on the top cannabis stories of the day. Click here to sign up for our daily insider newsletter.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Click on the image for more info.
Cannabis rescheduling seems to be right around the corner
Want to understand what this means for the future of the industry?
Hear directly for top executives, investors and policymakers at the Benzinga Cannabis Capital Conference, coming to Chicago this Oct. 8-9.
Get your tickets now before prices surge by following this link.