Millennium Investment & Acquisition Company, Inc Announces Initial Foray into Cannabis Cultivation padovanews.it - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from padovanews.it Daily Mail and Mail on Sunday newspapers.
Power REIT buys 35-acre Colorado property for cannabis cultivation and processing through a subsidiary
The property currently has multiple greenhouses and support buildings, and the company plans to both upgrade the existing infrastructure and build additional greenhouse space Power REIT’s total capital commitment for the project is approximately $3.9 million, including the acquisition cost
Power REIT (NYSEAMERICAN:PW) said it has acquired a 35-acre property located in southern Colorado, through a wholly-owned subsidiary, that it plans to use for cannabis cultivation and processing.
The property currently has multiple greenhouses and support buildings, and the company said it plans to both upgrade the existing infrastructure and build additional greenhouse space. Upon completion, the property will comprise approximately 102,800 square feet of greenhouse and related space.
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