Schmitt industries closes sale agreement for nicolai street property

Portland, ore. , july 18, 2022 /prnewswire/ -- schmitt industries, inc. (nasdaq: smit) (the "company" or "schmitt") announces that it has closed the real estate purchase and sale agreement (the "sale agreement") with tofte farms, llc ("tofte") to purchase the 2765 nw nicolai street, portland, oregon property (the "property") of schmitt for a purchase price of $3,500,000.
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