PW - Power REIT to acquire greenhouse cultivation and processing facility for $18.5M

Power REIT ([[PW]] +1.8%) to acquire greenhouse cannabis cultivation and processing facility for ~$18.5M. The property is strategically located in an area that offers the potential for unlimited cannabis cultivation licenses and features 522,530 square-feet of high-tech greenhouse and processing space.Company has an ~75-day due diligence period followed by a 30-day period to close the transaction which can be extended by up to 30 additional days.

For further details see:

Power REIT to acquire greenhouse cultivation and processing facility for $18.5M