MedMen Announces Completion Of Sale Of Two Properties To Cannabis REIT

MedMen REIT property

CALIFORNIA: MedMen Enterprises announced that it has completed the sale of two properties to Treehouse Real Estate Investment Trust, Inc. with gross proceeds of approximately $33.5 million and net proceeds of approximately $30.6 million after repayment of debt. “This is our second transaction with Treehouse and we’ve now freed up nearly $49 million to invest directly Read the full article…

Legal Pot Growers To Drive Up California Warehouse Rates

Legal pot growers to drive up cost of warehouse real estate

CALIFORNIA: Legalizing recreational marijuana in California is creating a gold rush for a decidedly less intoxicating sector: warehouses in which to grow the plants. Investors have few options to cash in directly on the state’s recent decision to legalize the drug, as there are no publicly traded cannabis producing companies and marijuana remains illegal under federal Read the full article…

Elevator Pitch: Kalyx Development’s Dave Charnick

kalyx development mjbizon

NEVADA: With over 600,000 square ft of canopy in Colorado, Oregon, Arizona and Washington, Kalyx Development has emerged as a leader in cannabis real estate. Marijuana Channel One caught up with Kalyx senior exec Dave Charnick on the floor of the Marijuana Business Conference and Expo in Las Vegas.

GrowCo Partners 2 Completes Land Purchase

Development site for GrowCo's second greenhouse and an extraction facility.

Issues 50% Ownership to Two Rivers COLORADO: GrowCo Partners 2 completed the purchase of approximately 40 acres of land at 39335 Harbour Road, Avondale, Colorado, the development site for GrowCo’s second greenhouse and an extraction facility. GCP 2 expects to complete its second greenhouse facility before the end of 2016. In conjunction with completing the land purchase, Read the full article…