Acreage to sell cannabis real estate assets to newly formed REIT

New York-based marijuana company Acreage Holdings said it agreed to sell cannabis-related real estate to a newly formed real estate investment trust (REIT), GreenAcreage Real Estate Corp., under a leaseback agreement between the two companies. The price wasn’t disclosed. Acreage holds a 20% interest in GreenAcreage Real Estate Corp. (GARE). Acreage CEO Kevin Murphy also […]

Acreage to sell cannabis real estate assets to newly formed REIT is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

Post date: 
05/14/2019 - 11:06am
Category: 
Cannabis Industry & Marijuana Business Briefs, Marijuana Sales, Funding & Banking News, Marijuana Stocks & Publicly Traded Cannabis Companies, New York Medical Cannabis Business & Marijuana Legal News, United States Cannabis Industry & Marijuana Business News, Acreage, Canopy Growth, marijuana legalization, marijuana real estate
Source URL: 
https://mjbizdaily.com/marijuana-firm-acreage-to-sell-cannabis-real-estate-asset…
Author: 
Nick Thomas
News Source: 
Marijuana Business Daily
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