B.C. Company Buys Ferndale Center For Marijuana Businesses

A Canadian company has bought a business center in Washington State with plans to lease the space to licensed marijuana growers and processors.

WASHINGTON:  A Vancouver, B.C., company has bought a business center at 2010 Grandview Road for $1.2 million and plans to lease space to licensed marijuana growers and processors.

Chlormet Technologies bought the 9.7-acre parcel in Ferndale through its Washington state subsidiary PacCan Industries, according to a company news release.

The seller was Excelsior Mortgage Equity Fund of Lake Oswego, Ore.

The property is zoned general business.

The land has a number of buildings on it, Chlormet said. The largest is about 13,000 square feet and is divided into eight bays.

Read full article @ Bellingham Herald

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