StateHouse To Operate Humboldt County Cannabis Cultivation Facility
Portfolio Pulse from Vuk Zdinjak
StateHouse Holdings Inc. (OTCQX:STHZF) (CSE:STHZ) has entered into a managed service agreement with Pelorus Capital Group to manage operations at Willow Creek, a cannabis cultivation facility in Humboldt County. The agreement includes a range of services such as human resources, legal and compliance, post-harvest production and processing, contract manufacturing, distribution and safety management. The CEO of StateHouse, Ed Schmults, believes this arrangement can unlock significant opportunities to provide managed services to other owners in the state and across the country.
August 22, 2023 | 11:54 am
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StateHouse's new agreement with Pelorus Capital Group could unlock significant opportunities for the company to provide managed services to other owners in the state and across the country. This could potentially lead to increased revenues and profitability for the company.
The new agreement allows StateHouse to leverage its expertise in cannabis cultivation and operations to provide managed services to Pelorus Capital Group. This could potentially open up new revenue streams for the company and improve its bottom line. Furthermore, the company's CEO believes this arrangement can unlock significant opportunities to provide similar services to other owners in the state and across the country, which could further boost the company's revenues and profitability.
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