Power reit acquires property for greenhouse cannabis cultivation in highly accretive transaction

Old bethpage, new york, dec. 07, 2020 (globe newswire) -- power reit (nyse-amex: pw and pw.pra) (“power reit” or the “trust”) today announced that it acquired a 2.11 acre parcel in crowley county, colorado (the “property”) through a wholly owned subsidiary (“propco”). the property is strategically located in a part of southern colorado that offers a very favorable business setting and climate for greenhouse cultivation.
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