Latest In: Power Reit

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Analysis: Marijuana real estate lenders buck trend with record funding

Cannabis companies generally have been raising less money this year versus previous years, but not all industry sectors…

News May 27
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Atlanta group poised to enter marijuana sector using REIT model

UC Asset, an Atlanta-based real estate investment group, announced its intent to acquire an indoor-outdoor medical marijuana property…

News January 20
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Marijuana greenhouse owner Power REIT announces $20 million debt financing

Real estate investment trust Power REIT secured a debt financing facility worth $20 million from an unspecified "commercial…

News December 23
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Marengo Cannabis Millennium Investment & Acquisition Co. Power Reit
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Power REIT ups funding of Michigan marijuana greenhouse to $25.6 million

Power REIT finalized a lease amendment to fund additional upgrades to a cannabis greenhouse cultivation facility in Michigan.

News November 5
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Power REIT buys Oklahoma cannabis facility, leases it to cultivator

Real estate investment trust Power REIT acquired a cannabis property in northeastern Oklahoma and signed a 20-year lease…

News June 11
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Power REIT strikes $18.5 million deal to acquire Michigan cannabis greenhouse

Power REIT announced an $18.5 million purchase agreement to acquire a Michigan property that the real estate investment…

News May 26
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Power REIT raises $37 million in rights offering for marijuana acquisitions

Specialty real estate investment trust Power REIT, which has a portfolio that includes marijuana production facilities, raised $37…

News February 10
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Power REIT acquires Canndescent cannabis greenhouse for $7.7 million

New York-based Power REIT on Thursday announced the acquisition of a 37,000-square-foot Southern California greenhouse used for cultivation…

News February 4
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