PW - 1 Unexpected Player Has Plans to Conquer a Burgeoning Pot Market
As the cannabis rush rolls on in the U.S., companies large and small continue to make moves to become top players and money makers. There are big dreams and plans to cash in on a burgeoning market, whether in cultivation, processing, or dispensaries or as vertically integrated do-it-all businesses.
In July 2019, Power REIT (NYSEMKT: PW) threw its hat in the ring by expanding its focus from transportation and alternative energy real estate to include agriculture real estate aimed at growing food and cannabis. I'm not so sure about the food aspect, but the cannabis greenhouse approach is in full effect. The strategy behind its agriculture plans is based on using controlled environments (greenhouses) to grow crops indoors. As a real estate owner, the company plays the role of landlord, but does not invest directly in cannabis businesses.
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1 Unexpected Player Has Plans to Conquer a Burgeoning Pot Market