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