Power REIT Buys Greenhouse Cannabis Cultivation Property For $1.8M

Power REIT (NYSE-AMEX: PW) confirmed Monday the acquisition of two properties in Colorado.

The move comes months after the purchase of another Colorado property, dubbed Maverick 5.

The Old Bethpage, New York-based real estate investment trust obtained a total of 4.21 acres in Crowley County via PropCo, its wholly-owned subsidiary.

Under the $1.84 million deal, Power REIT opted to provide funds …

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