Vertically integrated cannabis technology innovator, manufacturer and distributor Generation Alpha Inc. (OTCQB: GNAL) this morning announced its purchase of a roughly 46,000 sq. ft. facility in Phoenix, Arizona. According to the update, the facility is approved with a special use permit (“SUP”) for the cultivation and processing of medical cannabis and is ideally located less than 10 miles from Phoenix’s Sky Harbor International Airport. “This is an incredible deal for Generation Alpha,” GNAL CEO Alan Lien commented in the news release. “This facility, which has been locally permitted for medical cannabis cultivation and processing, will allow us to fast track operations in Arizona – an area we believe is one of the key growth markets in the U.S. medical cannabis sector. We remain steadfastly committed to our Solis Tek lighting division, but this purchase will make Arizona the first of hopefully many medical cannabis divisions for us in the U.S.”
To view the full press release, visit http://ibn.fm/prRaq
About Generation Alpha Inc.
Generation Alpha Inc. focuses on bringing products and solutions to commercial cannabis growers in both the medical and recreational space in legal markets across the U.S. For nearly a decade, growers have used Generation Alpha’s lighting solutions to increase yield, lower costs and grow better to maximize their return on investment. Generation Alpha’s customers include retail stores, distributors, ecommerce, and commercial growers. In 2018, Generation Alpha expanded into the “touch-the-plant” side of the cannabis business under a contract with an Arizona licensee and its ongoing build-out of a cultivation and processing facility in Phoenix, AZ. For more information, visit the company’s website at www.GenAlphaInc.com
NOTE TO INVESTORS: The latest news and updates relating to GNAL are available in the company’s newsroom at http://ibn.fm/GNAL
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