N.Y. investor to open Medway marijuana grow facility
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4 Marc Road in Medway
A new cannabis company led by a New York investment manager is hoping to begin cultivation and manufacturing operations in a nearly 29,000-square-foot Medway building.
The space where Neo Alternatives hopes to open is in an industrial park next to an existing cannabis cultivation facility, CommCan. The property was formerly occupied by Milford robotics manufacturer Milara.
According to the company’s website, its CEO is Adam Patti, who is called a private equity executive. He is listed as he founder, chairman and CEO of alternative investment manager IndexIQ with nearly $5 billion in assets before it was sold to New York Life.
He spent time in senior leadership roles at TimeWarner, according to the website.
The company’s executive vice president is Jamie Lewis, a Colorado-based cannabis executive. The former chef is CEO of cannabis consulting group Coldwater Consulting and has previously worked for Colorado-based Good Chemistry, which runs a medical dispensary in Worcester and will open for recreational sales within a month.
Neo Chief Operating Officer Chad Blair is referred to as an expert in supply chain operations, technology and automation, most recently serving as president of Franklin-based RT Engineering Corp.
According to documents on file with the town, the company hopes to use 20,000 square feet for cultivation and nearly 9,000 square feet for manufacturing.
Documents did not indicate how the company intends to sell products made in Medway.
The company is planning a community outreach meeting on March 14 at the town’s senior center.
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