Power REIT Acquires Greenhouse Cultivation Facility in Budding Oklahoma Market in Highly Accretive Transaction
Cannabis Law Report
JUNE 11, 2021
The Property is located in the northeast corner of Oklahoma which offers a favorable growing climate for greenhouse cultivation. Concurrent with the acquisition, PropCo entered into a 20-year “triple-net” lease (the “Lease”) with Vinita Cannabis LLC (“VC”), which will operate the Property as a cannabis cultivation facility.
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