Item 2. Properties
Item 2. PROPERTIES
We
have approximately 900,000 square feet of distribution space under leases in strategic locations, including six distribution centers in
the U.S., two distribution centers in Canada and one distribution center in Spain. Our headquarters is located in Fairless Hills,
Pennsylvania. See “ Certain Relationships and Related Party Transactions. ” We have in total six facilities in the U.S.,
two in Canada, one in Spain, and one in China.
We believe that our existing
facilities are adequate for our needs at this time, although we do plan to open new distribution centers in the future to meet anticipated
demand resulting from further deregulation of cannabis and overall market growth.
As a result of the planned
sale of the building which we currently lease in Petaluma, California, we have temporarily relocated our executive offices to another
one of our existing locations, specifically our 290 Canal Road, Fairless Hills, Pennsylvania 19030 distribution center. We also intend
to relocate our existing distribution operations in Northern California from the existing Petaluma building to a larger distribution
center in the surrounding area.
44
Text extracted from the filing as submitted to EDGAR. Formatting, tables and exhibits are simplified for reading; the original document is authoritative for anything you rely on.