Power REIT buys 35-acre Colorado property for cannabis cultivation and processing through a subsidiary
The property currently has multiple greenhouses and support buildings, and the company plans to both upgrade the existing infrastructure and build additional greenhouse space Power REIT’s total capital commitment for the project is approximately $3.9 million, including the acquisition cost
Power REIT (NYSEAMERICAN:PW) said it has acquired a 35-acre property located in southern Colorado, through a wholly-owned subsidiary, that it plans to use for cannabis cultivation and processing.
The property currently has multiple greenhouses and support buildings, and the company said it plans to both upgrade the existing infrastructure and build additional greenhouse space. Upon completion, the property will comprise approximately 102,800 square feet of greenhouse and related space.
Envirotech Vehicles Reports First Quarter 2021 Results
ACCESSWIRE
CORONA, CA / ACCESSWIRE / May 24, 2021 / ADOMANI, Inc. (
OTCQB
),
DBA Envirotech Vehicles, a provider of new zero-emission purpose-built electric vehicles, today announced its results for the first quarter ended March 31, 2021.
Highlights and Recent Developments
On March 15, 2021, Envirotech Vehicles completed its previously announced acquisition of Envirotech Drive Systems, Inc. ( EVTDS ), a supplier of zero-emission trucks, cargo vans, chassis and other commercial vehicles, in accordance with an Agreement and Plan of Merger, dated February 16, 2021, by and among the Company, EVTDS and EVT Acquisition Company, Inc., a wholly owned subsidiary of the Company ( Merger Sub ). As a result of such transaction, Merger Sub was merged with and into EVTDS, with EVTDS surviving as a wholly owned subsidiary of Envirotech Vehicles (the Merger ).
Power REIT Acquires Southern Colorado Greenhouse Cultivation and Processing Facility in Highly Accretive Transaction
May 24, 2021 11:24 ET | Source: Power REIT Power REIT Old Bethpage, New York, UNITED STATES
Old Bethpage, New York, May 24, 2021 (GLOBE NEWSWIRE) Power REIT (NYSE-AMEX: PW and PW.PRA) (“Power REIT” or the “Trust”) today announced that it has acquired a 35-acre property located in Huerfano 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 growing environment for efficient and sustainable greenhouse cultivation.
The property currently has multiple greenhouses and support buildings which will be upgraded through a redevelopment plan that Power REIT will fund along with the new construction of additional greenhouse space. Upon completion, the Property w
ADOMANI, Inc.: Envirotech Vehicles Reports First Quarter 2021 Results
OTCQB
),
DBA Envirotech Vehicles, a provider of new zero-emission purpose-built electric vehicles, today announced its results for the first quarter ended March 31, 2021.
Highlights and Recent Developments
On March 15, 2021, Envirotech Vehicles completed its previously announced acquisition of Envirotech Drive Systems, Inc. ( EVTDS ), a supplier of zero-emission trucks, cargo vans, chassis and other commercial vehicles, in accordance with an Agreement and Plan of Merger, dated February 16, 2021, by and among the Company, EVTDS and EVT Acquisition Company, Inc., a wholly owned subsidiary of the Company ( Merger Sub ). As a result of such transaction, Merger Sub was merged with and into EVTDS, with EVTDS surviving as a wholly owned subsidiary of Envirotech Vehicles (the Merger ).
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