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Flower One Holdings Inc (CNSX:FONE) Nevada Cultivator Looks to Supply Las Vegas Rec Market
Flower One Holdings Inc (CNSX:FONE) is a Nevada-focused cannabis company. President and CEO Ken Villazor explains that while Nevada is a state that allows full vertical integration in the cannabis industry, Flower One is focused on its core strengths of cultivation and production. The company’s flagship facility is the largest commercial greenhouse in Nevada. With over 400,000 square feet and an adjacent 55,000 square foot post-harvest production facility, Flower One’s flagship site is 12 times larger than the average Nevada facility. Nevada is visited by 55 million tourists annually and is primarily a recreational market. While the state believes it has the capacity to meet the needs of this significant customer base, Nevada requires a broader retail footprint. As a result, Nevada is no longer granting licenses to cultivators; however, it is doubling the amount of retail licenses it grants, which represents a huge value proposition for Flower One.