StockNews.com started coverage on shares of Power REIT (NYSE:PW – Get Rating) in a report published on Sunday. The brokerage issued a hold rating on the stock. Power REIT Price Performance Shares of PW opened at $3.30 on Friday. The firm has a market cap of $11.19 million, a PE ratio of 4.59 and a […]
Thanks to its updated business plan, which includes acquiring a large number of cannabis facilities, Power REIT (NYSE:PW) continues to experience substantial growth. It has a solid balance sheet and reported strong Q2 results, which is a testament to the company's dynamic growth prospects.
Greenhouse will be Operated as a Michigan Regulated Cannabis Cultivation and Processing Facility and will be the Largest of its kind in Michigan and one of.
Power REIT Acquires Southern Colorado Greenhouse Cultivation and Processing Facility in Highly Accretive Transaction
May 24, 2021 11:24 ET | Source: Power REIT Power REIT Old Bethpage, New York, UNITED STATES
Old Bethpage, New York, May 24, 2021 (GLOBE NEWSWIRE) Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 35-acre property located in Huerfano County, Colorado (the “Property”) through a wholly owned subsidiary (“PropCo”). The Property is strategically located in a part of southern Colorado that offers a very favorable business setting and growing environment for efficient and sustainable greenhouse cultivation.
The property currently has multiple greenhouses and support buildings which will be upgraded through a redevelopment plan that Power REIT will fund along with the new construction of additional greenhouse space. Upon completion, the Property w