Power REIT acquires Canndescent cannabis greenhouse for $7.7 million

MJBizDaily
By John SchroyerFeb 4, 2021, 1:55 pm178 pts
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 already leased to cultivator and flower brand Canndescent, was…

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