Company currently owns and leases the following properties throughout the United States.
−Removed: Company owns a 45,070 square foot facility on 2.25 acres within a fenced-in business park which it purchased in
−Removed: September 2016 and developed into a cannabis cultivation, processing, and dispensary facility.
−Removed: The property is secured under
−Removed: a mortgage with the Bank of New England that matures in 2031.
−Removed: The facility is leased to a cannabis licensee company occupying
−Removed: 100% of the space under a 20-year triple net lease expiring in 2035.
+Added: Company owns a 45,070 square foot facility on 2.25 acres within a fenced-in business park which it purchased in September 2016
+Added: and developed into a cannabis cultivation, processing, and dispensary facility.
+Added: The property is secured under a mortgage with
+Added: the Bank of New England that matures in 2031.
+Added: The facility is leased to the Company’s cannabis licensee client under a 20-year
+Added: triple net lease expiring in 2035.
Company leases 4,000 square feet of retail space in a newly-built multi-use building.
1 unchanged sentence
to extend the term commenced in October 2016.
−Removed: We built out the space into a cannabis dispensary which is sub-leased to the same
−Removed: licensed cannabis company occupying the Wilmington facility, under a five-year triple net lease with a five-year option to extend.
−Removed: March 2019, the Company entered into a lease of a 100,000 square foot warehouse that it intends to build into a cultivation and
−Removed: processing facility.
+Added: The Company built out the space into a cannabis dispensary which is sub-leased to
+Added: the same licensed cannabis company occupying the Wilmington facility, under a five-year triple net lease with a five-year option
+Added: March 2019, the Company entered into a lease of a 100,000 square foot warehouse which the Company is developing into a cultivation
+Added: and processing facility.
The lease term is 10 years, with an option to extend the term for three additional five-year periods.
−Removed: of the first 60,000 square feet of this facility has commenced and is estimated to be completed by late 2020.
−Removed: Company owns a 3,400 free-standing retail building that is secured under a mortgage with DuQuoin State Bank maturing in 2020,
−Removed: provided it is not annually renewed by the bank, which the bank has done every year of this mortgage (the “DSQ Mortgage”).
−Removed: The property is leased to the Company’s state licensed cannabis dispensary under a 20-year triple net lease expiring in
−Removed: Company owns a 3,400 free-standing retail building, also secured under the DSQ Mortgage.
−Removed: The property is leased to the Company’s
−Removed: state licensed cannabis dispensary under a 20-year triple net lease expiring in 2036.
+Added: Construction estimated to be completed by August 2021.
+Added: Company owns a 3,400 square foot free-standing cannabis dispensary that is secured under a mortgage with DuQuoin State Bank maturing
+Added: in 2020, provided it is not annually renewed by the bank, which the bank has done every year of this mortgage (the “DSQ
+Added: Company owns a 3,400 free-standing cannabis dispensary, also secured under the DSQ Mortgage.
+Added: late 2020, the Company agreed to purchase a 14,000 square foot free-standing retail building and is currently seeking
+Added: a mortgage to close the transaction.
+Added: The Company intends to develop the property into a cannabis dispensary.
+Added: Vernon, Illinois
+Added: Company owns a 4,800 square foot free-standing cannabis dispensary that is secured under a mortgage with South Porte Bank that
+Added: matures on March 31, 2021.
Company owns a 180,000 square foot manufacturing facility that it has developed into cannabis cultivation and production facility.
−Removed: The property secures a $3 million promissory note to an accredited investor which matures in 2020.
−Removed: This facility is leased to
−Removed: the company’s cannabis licensed client under a 20 year triple net lease expiring in 2038.
−Removed: October 2019, the Company purchased a free-standing 10,000 square foot industrial building which it is developing into a medical
−Removed: marijuana dispensary.
−Removed: Company is leasing approximately 10,000 square feet of an industrial building that we built out into a cannabis cultivation facility.
−Removed: This facility is subleased to the Company’s licensed cannabis client under a sub-lease which is coterminous with
−Removed: the Company’s lease for 10 years expiring in 2024.
+Added: The property secures a $3 million promissory note to an accredited investor which was paid down in March 2021.
+Added: This facility is
+Added: leased to the company’s cannabis licensed client under a 20 year triple net lease expiring in 2038.
+Added: October 2019, the Company purchased a free-standing 9,000 square foot industrial building which it is developing into a
+Added: medical marijuana dispensary.
+Added: Company leases approximately 10,000 square feet of an industrial building that was built into a cannabis cultivation facility.
+Added: This facility is subleased to the Company’s licensed cannabis client under a sub-lease which is coterminous with the Company’s
+Added: lease for 10 years expiring in 2024.
Bedford, Massachusetts
1 unchanged sentence
secures a mortgage with the Bank of New England that matures in 2027.
−Removed: Approximately half of the available square footage is
−Removed: leased to a non-cannabis manufacturing company under a five-year lease.
−Removed: The Company developed the other half of the building into
−Removed: a cannabis cultivation and processing facility which was approved for operations in January 2020.
+Added: Approximately half of the available square footage is leased
+Added: to a non-cannabis manufacturing company under a five-year lease.
+Added: The Company developed the other half of the building into a cannabis
+Added: cultivation and processing facility which was approved for operations in January 2020.
Middleborough,
Massachusetts
−Removed: July 2017, the Company purchased a 22,700 square foot retail and warehouse building located on the main street of this
−Removed: municipality.
−Removed: The property secures a $2.0 million promissory note issued to an accredited investor that matures in December
−Removed: The Company has constructed a 10,000 square foot retail dispensary which will be leased to the same cannabis licensee
−Removed: that leases the Company’s New Bedford facility under a 20-year lease that started in mid-2019.
+Added: Company owns a 22,700 square foot retail and warehouse building located on the main street of this municipality.
+Added: 10,000 square
+Added: feet of the building has been developed into a retail dispensary, with the remaining square footage used as a warehouse.
Massachusetts
−Removed: Company’s corporate offices are located in Norwood, Massachusetts.
+Added: Company’s corporate offices are located in Norwood, Massachusetts.
This 10,000 square foot space is under a 10-year lease
−Removed: expiring in 2028 with a related party which contain a 5-year extension option.
+Added: with a related party that expires in 2028 and contains a 5-year extension option.
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.