RIV Capital Signs Lease For Cannabis Facility In Buffalo, NY, Here Is What You Need To Know

RIV Capital Inc. (OTCPK:CNPOF) (CSE: RIV) acting through its wholly owned indirect subsidiary, RIV Capital US Real Estate LLC, and Etain, LLC revealed that RIV Capital has entered into a lease agreement with Zephyr, a California-based developer, for the development and operation of a planned new flagship cultivation and manufacturing facility in Buffalo, New York. RIV Capital will sublease the flagship facility to Etain upon receipt of necessary regulatory approvals.

Under the lease agreement, Zephyr will develop and lease to RIV Capital two buildings totaling approximately 75,000 square feet. Total development costs for the project are expected to be approximately $30 million, of which RIV Capital will be responsible for $4.5 million. RIV Capital will pay base rent to the …

Full story available on Benzinga.com

RIV Capital Signs Lease For Cannabis Facility In Buffalo, NY, Here Is What You Need To Know on Benzinga