Liberty Health Sciences (CSE: LHS) (OTCQX: LHSIF) announced a new dispensary in Florida and provided an update on its construction project at Liberty 360 Innovation Campus in Gainesville.
In addition, the company announced resignations of two board members as part of its strategy to increase its directors and senior executives based in the U.S.
The new dispensary is located at 1907-3 Wells Rd. in Orange Park, Fla. The 4,500-square-foot building includes two large waiting rooms, two private consultation rooms and state-of-the-art product displays, all situated inside a modern-style dispensary.
The dispensary will service the Jacksonville area, including the neighboring communities of Fleming Island, Ridgewood, Doctors Inlet, Orange Park South, Lakeside and Bellair-Meadowbrook Terrace, according to the company.
The Orange Park location brings the total number of Liberty’s dispensaries to 11, all located in Florida.
Liberty announced the completion of the first phase of planned construction at its 360 Innovation Campus in Gainesville.
The project adds 80,000 square feet of greenhouses to Liberty’s property for a total of 150,000 square feet of cultivation space across its facilities in Alachua and Gainesville, Fla.
The second phase of construction is expected to be completed in April 2019, pending required approvals by the DOH.
“Liberty is now beginning to realize its plan of becoming one of the largest cultivators in the State of Florida with our completion of this first phase of construction,†interim CEO Victor Mancebo said in a statement. “We look forward to completing our second phase of construction at Liberty 360 to support the immense growth in our dispensaries and our sales.â€
Liberty announced that Aaron Serruya and Michael Galloro are stepping down from the board of directors, effective immediately.
The company appointed Jeremy Straub to the board to fill one of the vacancies and is searching for an additional independent board member to fill the other vacancy. Straub will also be replacing Galloro as chair of the board’s audit committee.
Straub is the founder and CEO of Coastal Wealth, a financial firm headquartered in Fort Lauderdale, Fla. Prior to Coastal Wealth, he spent 15 years at Fortune 500 financial company as an executive. Straub launched Coastal Wealth in 2016.
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