Cannabis One Holdings Inc (CSE:CBIS) (OTCMKTS:CAAOF) announced Wednesday that it is increasing its US footprint with the leasing of two 21,000-square foot manufacturing and processing facilities in Oregon.
The new facility, located in Portland, will allow the Denver-based company to transition its existing facilities into state-of-the-art manufacturing and distribution centres with an eye towards international export, the company said in a statement.
“Following the passage of the United States Farm Bill, mainstream consumers will increasingly be able to enjoy the broad benefits of non-psychoactive hemp-derived CBD, with Cannabis One positioning well to take advantage of this global opportunity,” said Jeff Mascio, CEO of Cannabis One, in a statement.
“Having successfully operated in one of the most competitive cannabis jurisdictions around the world, Cannabis One is confident it can translate its experience into the Oregon market and abroad.”
The cannabis company