Brief: Power REIT Acquires Properties In Colorado For Greenhouse Cannabis Cultivation In Highly Accretive Transaction
20/04/2021 11:18
April 20 (Reuters) - Power REIT PW.A :
* POWER REIT ACQUIRES PROPERTIES IN COLORADO FOR GREENHOUSE
CANNABIS CULTIVATION IN HIGHLY ACCRETIVE TRANSACTION
* POWER REIT - ANNOUNCED THAT IT HAS ACQUIRED TWO ADJACENT
PROPERTY PARCELS TOTALING 4.0 ACRES IN CROWLEY COUNTY, COLORADO
* POWER REIT - POWER REIT HAS AGREED TO FUND CONSTRUCTION OF
AN
APPROXIMATELY 38,440 SQUARE FOOT GREENHOUSE CULTIVATION FACILITY
* POWER REIT - POWER REIT'S TOTAL CAPITAL COMMITMENT FOR
PROJECT
IS APPROXIMATELY $2.95 MILLION INCLUDING LAND ACQUISITION COST
Source text for Eikon: ID:nGNX80kqDp
Further company coverage: PW.A
((Reuters.Briefs@thomsonreuters.com;))
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