Power REIT Acquires Greenhouse Cannabis Cultivation Facility in Highly Accretive Transaction
The property is leased to Canndescent...
The property is leased to Canndescent...
The purchase price for the property was approximately $19.6 million...
The acreage sits outside the agricultural land reserve with no zoning restrictions...
The dividend is equivalent to an annualized payout of $4.68 per share...
Due to the pandemic, work was temporarily halted on the build out of the Brantford facility...
Power REITβs total investment will be approximately $1 million...
The purchase price for the Michigan property was approximately $4.8 million...
Treehouse will use the money to finance more cannabis real estate acquisitions...
WeedMD Inc. announced that it is converting its fully-licensed 26,000 sq. ft...
That makes it the largest hemp greenhouse in the world...
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Β© 2018 - 2021 D.M.O. Holdings Corp.
DISCLAIMER: DMO Holdings Corp., which owns The Daily Marijuana Observerβ’ (MJobserver.com), is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. DMO Holdings Corp., which owns MJobserver.com, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. Before making specific investment decisions, readers should seek their own professional advice and that of their own professional financial adviser. DMO Holdings Corp. or its affiliates, which owns MJobserver.com, may be compensated for its services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two.