Item 9 Labs Corp. Nears Completion of Cannabis Cultivation and Laboratory Facilities in Pahrump, Nevada | New


A state-of-the-art 20,000 square foot facility is expected to be fully operational by the end of 2022

PHOENIX , June 23, 2022 /PRNewswire/ — Item 9 Labs Corp. (OTCQX: INLB) (the “Company”) – a vertically integrated cannabis dispensary franchisor and operator that manufactures premium, award-winning products – is pleased to announce today that its new 20,000 square-foot, state-of-the-art culture and laboratory facilities PahrumpNV (the “Nevada Facility”) is nearing completion and is expected to be fully operational by the end of 2022.

Main development and expansion of the Nevada facility began in early 2019 and progressed rapidly, particularly in the past year. Currently, Item 9 Labs Corp. is waiting for the water and electricity connections to be completed as well as the installation of air conditioning units and emergency generators. The Company works with the Town of Pahrump and Nye County finalize the certificate of occupancy.

“Our cultivation and laboratory facility in Nevada has been strategically developed to ensure complete optimization and efficiency,” said Chase HerschmanDirector of Business Development at Item 9 Labs Corp., adding that the company’s experienced team has led the construction and expansion of several cultivation sites across the North Americaas well as the current expansion of its main site which is underway at Coolidge, Ariz.

He continued, “Our construction team works hand-in-hand with operations to ensure that our facilities are developed with our strategic processes for every function, from cultivation to extraction and production in mind.”

When the grow and lab facility is finalized this fall, it will include: 4,450 square feet of flower operations space, 990 square feet of vegetation space, 400 square feet of clones, 300 square feet of for dry curing and 615 square feet for genetics. The facility also houses over 2,500 square feet of post-processing and laboratory space, as well as the possibility of a joint venture with 1,100 square feet of commercial kitchen space. The rest of the building is made up of ancillary rooms such as bathrooms, offices, changing rooms and rest rooms.

Nevada is a rapidly growing adult cannabis market that shows no signs of slowing down,” said the CEO of Item 9 Labs Corp. Andrew Bowden. According to MJ Brand Insights, the state brought in $1.03 billion taxable sales between adult and medical cannabis dispensaries in fiscal year 2021, which was a $318 million increase over the previous year.

He continued: “We are optimistic about the potential opportunities we have to grow alongside the booming cannabis industry in Nevada.”

For more information about the company and its brands, visit item9labscorp.com. Invest in Item 9 Labs Corp. at keepcannabislocal.com and click here to view the offering circular.

ABOUT SECTION 9 LABS CORP.

Item 9 Labs Corp. (OTCQX: INLB) is a vertically integrated cannabis operator and dispensary franchisor that offers premium products from its large-scale cultivation and production facilities in the United States. Award-winning brand Item 9 Labs specializes in the best products and user experience across multiple cannabis categories. The company also offers a unique dispensary franchise model through the nationwide Unity Rd. retail brand. By lowering barriers to entry, franchising provides an opportunity for new and existing dispensary owners to leverage the knowledge, resources, and ongoing support needed to thrive in their state compliantly and successfully. Item 9 Labs brings industry best practices to markets nationwide through a distinctive retail experience, culture capabilities and product innovation. The seasoned management team combines a diverse skill set with deep experience in the cannabis industry, franchising and capital markets to lead a new generation of public cannabis companies that deliver transparency, consistency and well-being. Based in Arizona, the company is currently expanding its operating space to more than 640,000 square feet on its 50-acre site, one of the largest properties in Arizona zoned for growing and growing flowers. For more information, visit item9labscorp.com.

FORWARD-LOOKING STATEMENTS

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties, including, but not limited to, the risks and effects of judicial and administrative proceedings and governmental proceedings. regulation, particularly in a foreign country, future financial and operating results, competition, general economic conditions, proposed transactions that are not legally binding on the company and the ability to manage and pursue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this press release include the introduction of new technologies, market conditions and those set forth in any reports or documents we file from time to time. another with the SEC. We undertake no obligation to revise or update these statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unforeseen events.

Media Contact:

Section 9 Labs Corp.

Jayne Levyvice president of communications

[email protected]

Investor contacts:

Section 9 Labs Corp.

800-403-1140

[email protected]

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SOURCE Element 9 Labs Corp.

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