Bostica today hosted a groundbreaking ceremony as it begins construction on a new cannabis cultivation and manufacturing facility in Lynn, Mass.
Bostica secured a host community agreement with the city of Lynn in April 2019.
Thomas McGee, the mayor of Lynn since 2018, attended the groundbreaking ceremony along with many city councilors and representatives of Lynn's Economic Development and Industrial Corporation.
"About 15 years ago, I was filing medical marijuana legislation to make that available to people in Massachusetts, so I understood the value of it at that point," McGee said in a statement. "It's time people understood and embraced this type of investment and these kinds of opportunities."
Bostica was established in 2018 by Jarrod Falite, Bostica's Chief Operating Officer, and his father Ray Falite. Together, the pair have more than 60 years' experience in commercial real estate development, construction and operations management, and HVAC design and installation, the latter of which is critical for indoor growing operations.
"Today marks the culmination of three years of dedication and preparation," said Jarrod Falite. "We are excited to be the largest approved cultivator to operate in the Greater Boston area and look forward to supplying premium-quality products to meet the state's growing demand."
The company hopes to start bringing products to market by early 2022.