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Power REIT closes its largest, state-of-the-art cannabis cultivation greenhouse acquisition to date

Power REIT (NYSE-A:PW) CEO David Lesser and Jared Schrader tell Proactive it has closed its previously announced acquisition of a state-of-the-art 556,146 square foot (sq ft) cannabis growing greenhouse in Michigan for US$18.4 million.

Lesser and Schrader say the 61-acre facility will be the largest cannabis cultivation facility in Michigan, and is believed to be one of the largest in the US. It has existing plans in place to add another 330,236 sq ft with further land available.

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Price: 49.92 USD

Market Cap: $165.86 m

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Power REIT advances its Colorado-based cannabis cultivation facility with...

Power REIT (NYSEMKT:PW) (NYSE:PW)'s David Lesser and Jared Schrader joined Proactive to update the market on its progress it has made on a cannabis cultivation facility in Walsenburg, Colorado it acquired in late May 2021 for $2.3M. Lesser and Schrader say the property is divided into five...

3 weeks, 6 days ago

2 min read