LOCAL NEWS | APR 21, 2021
FONDA — The dormant former home of Beech-Nut Foods in Canajoharie, will soon take an important step closer to again becoming an economic engine for the region as the result of an exclusive option agreement between Montgomery County and E29 Labs. E29 Labs is a team of experienced commercial cannabis production professionals that are poised to capitalize on the state’s recent legalization of the industry.
At Tuesday’s meeting of the County Legislature’s Economic Development and Planning Committee, the Legislature advanced a funded exclusive development option agreement, which would convert to a purchase-and-sale agreement, pending the completion of a12-month due diligence period by E29 Labs.
