−Removed: principal executive office is currently located at 8360 E.
+Added: Our principal executive office is currently located
Raintree Drive, #230, Scottsdale, AZ 85260.
−Removed: On March 15, 2022, we entered
−Removed: to an Assumption of Lease and Consent Agreement with a landlord, whereby the landlord consented to the assignment of an office lease,
−Removed: as amended, from the original tenant to the Company.
−Removed: The lease term shall begin on March 15, 2022 and expire on November 30, 2024, provided
−Removed: the Company has the option to extend the lease for an additional five years.
−Removed: The monthly base rent was $2,932 per month through November
+Added: On March 15, 2022, we entered to an Assumption of Lease and Consent Agreement with
+Added: a landlord, whereby the landlord consented to the assignment of an office lease, as amended, from the original tenant to the Company.
+Added: The lease term shall begin on March 15, 2022 and expired on November 30, 2024, provided the Company has the option to extend the lease
+Added: for an additional five years.
+Added: On June 3, 2024 the Company extended the lease for an additional 24 months through November 30, 2026.
+Added: December 1, 2024, the monthly base rent shall be $3,665 per month through November 30, 2025, $3,775 from December 1, 2025 through November
30, 2026, $3,887 from December 1, 2026 through November 30, 2027, and $4,004 from December 1, 2027 through November 30, 2028.
−Removed: are in the business of property acquisition, development, and commercial leasing and intend to primarily structure lease agreements with
−Removed: prospective tenants using a triple-net or absolute-net lease model.
−Removed: The property investment portfolio currently includes (i) land and
−Removed: real property constructed in Green Valley, Arizona, (ii) land and real property in Kingman, Arizona, (iii) land and real property in
−Removed: Tempe Arizona, (iv) land and real property of approximately 47 acres in Chino Valley, Arizona, (v) land and real property in Pleasant
−Removed: Ridge, Michigan and (vi) land and real property in Chicago, Illinois which we recently acquired in January 2024.
−Removed: The properties in Tempe,
−Removed: Green Valley, Kingman, and Chino Valley, Arizona, Pleasant Ridge, Michigan and Chicago, Illinois are currently leasing space to tenants
−Removed: that operate licensed cannabis facilities.
−Removed: As of December 31, 2023, each of our leased properties was generating revenue, except our
−Removed: Chicago, Illinois property which we acquired in January 2024.
+Added: has the option to extend the lease for a two-year period through November 2028.
+Added: We are in the business of property acquisition,
+Added: development, and commercial leasing and intend to primarily structure lease agreements with prospective tenants using a triple-net or
+Added: absolute-net lease model.
+Added: The property investment portfolio currently includes (i) land and real property constructed in Green Valley,
+Added: Arizona, (ii) land and real property in Kingman, Arizona, (iii) land and real property in Tempe Arizona, (iv) land and real property
+Added: of approximately 47 acres in Chino Valley, Arizona, (v) land and real property in Pleasant Ridge, Michigan and (vi) land and real property
+Added: in Chicago, Illinois which we recently acquired in January 2024, and (vii) land held in Surprise Arizona.
+Added: The properties in Tempe, Green
+Added: Valley, Kingman, and Chino Valley, Arizona, Pleasant Ridge, Michigan and Chicago, Illinois are currently leasing space to tenants that
+Added: operate licensed cannabis facilities.
+Added: Additionally, we lease our land located in Surprise, Arizona for future development of a licensed
+Added: medical and adult use marijuana retail dispensary.
+Added: As of December 31, 2024, each of our leased properties was generating revenues.
LEGAL PROCEEDINGS
−Removed: are no pending or threatened legal or administrative actions pending or threatened against us that we believe would have a material effect
−Removed: on our business.
+Added: There are no pending or threatened legal or administrative
+Added: actions pending or threatened against us that we believe would have a material effect on our business.
MINE SAFETY DISCLOSURES
+Added: Not applicable.
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.