Goodness Growth amends New York lease

Company to increase improvement allowance by $14 million.

Goodness Growth Holdings, Inc. has executed a fifth amendment to its lease on its cannabis cultivation and manufacturing facilities in Johnstown, New York.

As part of the amendment, the company and its landlord have agreed to increase the tenant improvement allowance by $14 million, which will be used to complete construction of an indoor expansion project announced in September 2021.

Goodness Growth and its landlord have also agreed to a monthly base rental increase of $210,000, beginning November 2023.

“We believe this lease amendment supports our ongoing divestment process in the state of New York, as it supports the timeline to complete the indoor cultivation facility,” said Interim Chief Executive Officer Josh Rosen.

Alyse Thompson-Richards has held many positions with BNP Media, first serving as an intern at Candy Industry Magazine in summer 2012. She joined Candy Industry's staff full time as associate editor in August 2016 after a few years at newspapers in West-Central Illinois, becoming managing editor in March 2019. Alyse has also served on Cannabis Products Insider since March 2019. She has bachelor’s degrees in journalism and Spanish from Western Illinois University.