– Cannabis/Marijuana Industry News

Power REIT (NYSEAMERICAN:PW) has completed the acquisition of two greenhouse properties in southern Colorado through two wholly owned subsidiaries for US$3.75 million.

As quoted in the press release:

The acquisitions represent combined straight-line annual rent estimated to be approximately $700 thousand, which translates to an approximate 18.7% yield.

The acquisitions complement Power REIT’s existing high-quality real estate related to transportation infrastructure, alternative energy and Controlled Environment Agriculture (“CEA”). CEA uses innovative methods to grow plants in optimized indoor growing environments for a given crop. Power REIT intends to focus on CEA related real estate for growing various crops, including cannabis.

Click here to read the full press release.

Find out what experts are saying about the future of cannabis edibles


Read our new report on the 2019 Lift Cannabis Business Conference


Give me my free report!

The post Power REIT Acquires Cannabis Cultivation and Processing Facilities appeared first on Investing News Network.

Original Source


Please enter your comment!
Please enter your name here