Marijuana multistate operator 4Front Ventures entered into definitive agreements to finance the construction of a massive $51.5 million cultivation and processing facility in Illinois through a sale-leaseback arrangement. The agreements call for San Di…
Sale-leaseback
Harvest closes $34.6M Florida sale-leaseback deal with marijuana REIT
Multistate marijuana operator Harvest Health & Recreation on Monday closed a sale-leaseback transaction, selling a cultivation and processing facility in Alachua, Florida, to Innovative Industrial Properties for $23.8 million. Harvest anticipates a…
Marijuana MSO 4Front enters $30M sale-leaseback deal to pay down debt
Multistate operator 4Front Ventures is utilizing a $30 million sale-leaseback transaction to rid itself of debt to a corporate lender, the company said. The all-cash deal with California-based Innovative Industrial Properties (IIP) involves the sale of…