MichiCann Medical, operating as Red White & Bloom has signed an LOI to acquire one of the world’s largest indoor premium hemp facilities, located in Granville, Illinois. In operation since 1978, the greenhouse has been granted its Hemp Grower License and Hemp Processor Registration from the Illinois Department of Agriculture.
According to the Brightfield Group: “CBD is growing faster than cannabis in the U.S. and the hemp-CBD market alone could hit $22 billion by 2022. It’s been flying under the radar but is set to explode, having profound impacts on CPG and Pharma.”
Anchored by the Illinois facility, RWB intends to establish large-scale production capabilities focused on hemp extraction and product manufacturing within the United States. "Management’s experience in creating the first standardized cannabis production facility in Canada will allow us to establish this Illinois facility as the bellwether for standardization of premium hemp CBD, and CBD-derived medicines and products," the team with the company remarks.
Facility Highlights
- Family-owned 3,612,866 sq. ft. Greenhouse including 451,282 sq. ft. of production and warehouse facilities
- Over 231 acres of land
- 175 fulltime employees with over 400 workers at peak season
- Concrete floors
- Operable roof system
- Priva computerization of entire greenhouse
- Ebb and flood watering with 100% water recycling
For more information:
Red White & Bloom
redwhitebloom.com