Ohio cannabis cultivation facility sold in $38M deal

//Ohio cannabis cultivation facility sold in $38M deal

Ohio cannabis cultivation facility sold in $38M deal

One of the largest and fastest-growing cannabis operators in the United States is selling its Dayton-area cultivation facility as part of a sale-and-leaseback deal. Chicago-based Cresco Labs announced Tuesday it has signed binding agreements to sell its Yellow Springs property to Innovative Industrial Properties Inc. The $38 million deal also includes the company’s Marshall, Michigan, facility, as well as funding for additional tenant improvements at both locations.  Concurrent with the closing…

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By | 2019-11-26T22:52:33+00:00 November 26th, 2019|Budget and Tax|

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