The cannabis-focused real estate investment company Freehold Properties announced Tuesday that it will support cannabis operator Revolution Global with up to $28.75 million in real estate capital expansion funding.
Revolution Global said it intends to use the funding to more than double the capacity of its main cultivation facility.
Revolution Global leases a 75,000-square-foot cultivation facility on 70 acres in Illinois, and it aims to build a new 75,000-square-foot indoor facility and additional greenhouse space at the location.
The expansion costs will be covered through Freehold’s leasehold mortgage.
Freehold holds an option to …