Parea Biosciences Chooses Prospiant, Inc. to Manage Company Expansion

Prospiant, the Agtech business segment of Gibraltar Industries, Inc., today announced Parea Biosciences in Coal Township, Pennsylvania, has selected Prospiant to be the general contractor and complete cultivation and processing solutions provider for the expansion of its medical cannabis facility.

Parea Biosciences is a boutique provider of medical cannabis. A high-technology indoor growing facility will be added to the company’s existing greenhouse operation to accommodate the next phase of the company’s historic growth. The expansion more than doubles their canopy capacity, enabling Parea Biosciences to keep up with market demand that has resulted from updates to the state’s Medical Marijuana Act that ensures better access for patients. After this initial indoor expansion, Parea Biosciences intends to expand again later this year, effectively tripling their operation.

The company selected Prospiant for these expansions due to its turnkey “soil-to-oil” solutions and complete cannabis ecosystem that will help Parea Biosciences get to market faster.

“As Prospiant, we can support providers’ growth with everything from indoor grow facilities, greenhouse cultivation, to oil extraction and processing equipment and services,” said Mark Dunson, Group President of Prospiant. “By leveraging our deep knowledge and extensive cross-industry expertise, providers can benefit from a turnkey experience, helping them stay informed about the cannabis market, regulatory trends, new processes, and equipment and process innovations that can help them achieve increased productivity.”

Ed Stum, chief operating officer at Parea Biosciences, adds, “We feel we are making the right decision by choosing Prospiant's expertise to help us grow to our greenhouse cultivation capabilities. We are excited about the value they bring to our expansion plans.”