MJBizMag October 2021 - 29

Cannabis REIT
Acquires Property
in Illinois
Innovative Industrial
Properties (IIP) closed on the acquisition of an Illinois
property valued at $50.3 million and entered a long-term
lease with a subsidiary of 4Front Ventures to run the
business.
According to a news release, the San Diego-based real
estate investment trust (REIT) bought the property for
$6.5 million and plans to build about 250,000 square
feet of industrial space on site.
IIP agreed to reimburse the construction costs up to
$43.75 million and, assuming full reimbursement, the
company's total investment in the property is expected
to be $50.25 million.
Arizona-based multistate marijuana operator 4Front is
planning to operate a licensed cannabis cultivation and
processing facility on the property.
Cresco Labs Invests $40M to Triple Ohio Production
Chicago-based multistate operator Cresco Labs is
investing $40 million to expand a cannabis cultivation
and processing facility in Ohio. The project, which has
been approved by local authorities, will nearly triple the
size of Cresco's facility in Yellow Springs, part of the
Dayton metro area.
The project will consist of two buildings, including
a 24,000-square-foot processing facility and a
71,000-square-foot facility used mainly for cultivation.
Harvest Closes $29.5 Million Deal With Cannabis REIT
Multistate cannabis operator Harvest Health &
Recreation closed a sale-leaseback transaction,
selling a cultivation and processing facility in Hancock,
Maryland, to Innovative Industrial Properties in a deal
valued at $29.5 million.
Harvest received $16.6 million for the property and
anticipates completing unspecified improvements
totaling $12.9 million, which will be reimbursed by the
California-based real estate investment trust (REIT).
Arizona-based Harvest operates medical marijuana
dispensaries in the Maryland communities of
Halethorpe, Lutherville-Timonium and Rockville. Those
are supported by a cultivation and processing facility
in Hancock.
1:1 HPS REPLACEMENT
October 2021 | mjbizdaily.com 27

https://www.gznalite.com http://www.mjbizdaily.com

MJBizMag October 2021

Table of Contents for the Digital Edition of MJBizMag October 2021

MJBizMag October 2021 - 1
MJBizMag October 2021 - 2
MJBizMag October 2021 - 3
MJBizMag October 2021 - 4
MJBizMag October 2021 - 5
MJBizMag October 2021 - 6
MJBizMag October 2021 - 7
MJBizMag October 2021 - 8
MJBizMag October 2021 - 9
MJBizMag October 2021 - 10
MJBizMag October 2021 - 11
MJBizMag October 2021 - 12
MJBizMag October 2021 - 13
MJBizMag October 2021 - 14
MJBizMag October 2021 - 15
MJBizMag October 2021 - 16
MJBizMag October 2021 - 17
MJBizMag October 2021 - 18
MJBizMag October 2021 - 19
MJBizMag October 2021 - 20
MJBizMag October 2021 - 21
MJBizMag October 2021 - 22
MJBizMag October 2021 - 23
MJBizMag October 2021 - 24
MJBizMag October 2021 - 25
MJBizMag October 2021 - 26
MJBizMag October 2021 - 27
MJBizMag October 2021 - 28
MJBizMag October 2021 - 29
MJBizMag October 2021 - 30
MJBizMag October 2021 - 31
MJBizMag October 2021 - 32
MJBizMag October 2021 - 33
MJBizMag October 2021 - 34
MJBizMag October 2021 - 35
MJBizMag October 2021 - 36
MJBizMag October 2021 - 37
MJBizMag October 2021 - 38
MJBizMag October 2021 - 39
MJBizMag October 2021 - 40
MJBizMag October 2021 - 41
MJBizMag October 2021 - 42
MJBizMag October 2021 - 43
MJBizMag October 2021 - 44
MJBizMag October 2021 - 45
MJBizMag October 2021 - 46
MJBizMag October 2021 - 47
MJBizMag October 2021 - 48
MJBizMag October 2021 - 49
MJBizMag October 2021 - 50
MJBizMag October 2021 - 51
MJBizMag October 2021 - 52
MJBizMag October 2021 - 53
MJBizMag October 2021 - 54
MJBizMag October 2021 - 55
MJBizMag October 2021 - 56
MJBizMag October 2021 - 57
MJBizMag October 2021 - 58
MJBizMag October 2021 - 59
MJBizMag October 2021 - 60
MJBizMag October 2021 - 61
MJBizMag October 2021 - 62
MJBizMag October 2021 - 63
MJBizMag October 2021 - 64
MJBizMag October 2021 - 65
MJBizMag October 2021 - 66
MJBizMag October 2021 - 67
MJBizMag October 2021 - 68
MJBizMag October 2021 - 69
MJBizMag October 2021 - 70
MJBizMag October 2021 - 71
MJBizMag October 2021 - 72
MJBizMag October 2021 - 73
MJBizMag October 2021 - 74
MJBizMag October 2021 - 75
MJBizMag October 2021 - 76
MJBizMag October 2021 - 77
MJBizMag October 2021 - 78
MJBizMag October 2021 - 79
MJBizMag October 2021 - 80
MJBizMag October 2021 - 81
MJBizMag October 2021 - 82
MJBizMag October 2021 - 83
MJBizMag October 2021 - 84
MJBizMag October 2021 - 85
MJBizMag October 2021 - 86
MJBizMag October 2021 - 87
MJBizMag October 2021 - 88
MJBizMag October 2021 - 89
MJBizMag October 2021 - 90
MJBizMag October 2021 - 91
MJBizMag October 2021 - 92
MJBizMag October 2021 - 93
MJBizMag October 2021 - 94
MJBizMag October 2021 - 95
MJBizMag October 2021 - 96
MJBizMag October 2021 - 97
MJBizMag October 2021 - 98
MJBizMag October 2021 - 99
MJBizMag October 2021 - 100
MJBizMag October 2021 - 101
MJBizMag October 2021 - 102
MJBizMag October 2021 - 103
MJBizMag October 2021 - 104
MJBizMag October 2021 - 105
MJBizMag October 2021 - 106
MJBizMag October 2021 - 107
MJBizMag October 2021 - 108
MJBizMag October 2021 - 109
MJBizMag October 2021 - 110
MJBizMag October 2021 - 111
MJBizMag October 2021 - 112
MJBizMag October 2021 - 113
MJBizMag October 2021 - 114
MJBizMag October 2021 - 115
MJBizMag October 2021 - 116
MJBizMag October 2021 - 117
MJBizMag October 2021 - 118
MJBizMag October 2021 - 119
MJBizMag October 2021 - 120
MJBizMag October 2021 - 121
MJBizMag October 2021 - 122
MJBizMag October 2021 - 123
MJBizMag October 2021 - 124
MJBizMag October 2021 - 125
MJBizMag October 2021 - 126
MJBizMag October 2021 - 127
MJBizMag October 2021 - 128
MJBizMag October 2021 - 129
MJBizMag October 2021 - 130
MJBizMag October 2021 - 131
MJBizMag October 2021 - 132
MJBizMag October 2021 - 133
MJBizMag October 2021 - 134
https://www.nxtbook.com/emerald/MJBizMag/20241112
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-september-october-2024
https://www.nxtbook.com/emerald/MJBizMag/20240708
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-may-june-2024
https://www.nxtbook.com/emerald/MJBizMag/20240304
https://www.nxtbook.com/emerald/MJBizMag/20240102
https://www.nxtbook.com/emerald/MJBizMag/20231112
https://www.nxtbook.com/emerald/MJBizMag/202310
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-cannabis-packaging-23
https://www.nxtbook.com/emerald/MJBizMag/202309
https://www.nxtbook.com/emerald/MJBizMag/202308
https://www.nxtbook.com/emerald/MJBizMag/202307
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-may-june-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-april-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-retail-strategy-23
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-march-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-february-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-january-2023
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-lighting-23
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-november-december-2022
https://www.nxtbook.com/emerald/MJBizMag/202210
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-sustainability
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-march-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-cannabis-retail
https://www.nxtbook.com/emerald/MJBizMag/202204
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-february-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbiz-buyers-guide-cannabis-security
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag
https://www.nxtbook.com/emerald/MJBizMag/202208
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-july-2022
https://www.nxtbook.com/emerald/MJBizMag/2022-buyers-guide-indoor-grow
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-may-june-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-packaging-automation-buyers-guide-january-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-november-december-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-october-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmagazine-september-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmagazine-september-2021-lighting-buyers-guide
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-august-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-july-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-may-june-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-april-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-march-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-february-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-january-2022
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-january-2021
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-november-december-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-october-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-september-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-august-2020
https://www.nxtbook.com/emerald/MJBizMag/mjbizmag-july-2020
https://www.nxtbookmedia.com