Cresco Labs Quadruples the Grow Space at Its Pennsylvania Facility

Cresco Labs (OTC: CRLBF) has put the finishing touches on its latest construction project. The company announced Thursday that it has completed the expansion of its complex in Brookville, Pennsylvania. The facility, in which the company can both grow marijuana and manufacture related products, now has 88,000 square feet of cultivation space -- up from its original 22,000 square feet.

On the manufacturing side, Cresco has installed a set of new extraction booths and integrated safety systems. The marijuana company said this allows it to expand its butane extraction capacity by 300%, and its ethanol extraction by 90%. With this, it can process enough raw material to produce not only its full range of brands, but also brands it plans to launch soon.

Image source: Getty Images.

Source Fool.com