Freehold Properties Backs Revolution Global’s Illinois Cannabis Cultivation Expansion With $29M

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 …

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