Chlormet Plans Purchase of I-502 Property in Washington

Chlormet Technologies Inc. (CSE:PUF) announced that it has entered into escrow to buy an I-502 compliant, 9.7-acre parcel of land located in Whatcom County, Washington.

The purchase price of the property is US$1.2 million.

As quoted in the press release:

The property fulfills all of the Company’s criteria for its planned expansion into Washington State. It is permitted for light industrial use, is I-502 compliant, currently contains a 13,000 square foot building and has sufficient room for expansion. The existing building is insulated, was built in 2008 and is ready to be built-out to accommodate a marijuana grow licence.

Chlormet intends to become involved in the legal marijuana industry in Washington State by providing buildings, equipment and non-grow related services to licensed producers and processors via long term leases and property management contracts.

Click here to read the full Chlormet Technologies Inc. (CSE:PUF) press release.