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.