Power REIT raises $37 million in rights offering for marijuana acquisitions

MJBizDaily
By Solomon IsraelFeb 10, 2021, 4:06 pm205 pts
Specialty real estate investment trust Power REIT, which has a portfolio that includes marijuana production facilities, raised $37 million through a rights offering that sold roughly 1.4 million shares at $26.50 per share. “The capital generated from the rights offering provides Power REIT with the immediate…

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