Chicago-based NewLake Capital Partners and GreenAcreage Real Estate, a real estate investment trust (REIT) in New York have announced the closing of a merger that creates a massive cannabis real estate company.
Marijuana real estate merger creates firm…
real estate
Power REIT raises $37 million in rights offering for marijuana acquisitions
Specialty real estate investment trust Power REIT, which has a portfolio that includes marijuana production facilities, raised $37 million through a rights offering that sold roughly 1.4 million shares at $26.50 per share. “The capital generated …
Market for licensed marijuana businesses heats up as buyers snap up retail stores, other properties
The market for buying and selling licensed cannabis businesses has perhaps never been hotter, with demand fueled by new entrants into the industry, hopes for federal marijuana reform and multistate operators keen to expand their footprint. On the flip …
Marijuana real estate lender AFC Gamma to raise up to $105M in IPO
Marijuana industry real estate investment trust Advanced Flower Capital, also known as AFC Gamma, is planning an initial public offering on the Nasdaq exchange that’s intended to raise $94.4 million to $105.6 million. The offering would involve t…
Power REIT acquires Canndescent cannabis greenhouse for $7.7 million
New York-based Power REIT on Thursday announced the acquisition of a 37,000-square-foot Southern California greenhouse used for cultivation of commercial cannabis in a cash and stock deal worth $7.7 million. The Riverside County property, which is alre…
Here’s how to choose the best location for your marijuana retail store
From mom-and-pop shops to corporate chains, everyone in the retail business knows that a carefully chosen location is key to success.
Here’s how to choose the best location for your marijuana retail store is a post from: Marijuana Business Daily:…
Hemp Opportunity Zones: A New Opportunity for Real Estate Investors
In August 2020, Congress established a new opportunity zone for real estate investors and business owners with the designation of Hemp Opportunity Zones. As with other opportunity zones, these come with significant, long-term tax advantages to the inve…