What changed in this filing

/stocks — the workspaceLOADING

Item 2. Properties

2022-03-24 compared with 2021-03-31 · 25 added, 22 removed, 2 unchanged (96% of the section changed)

principal executive office is currently located at 14269 N.

87th Street, #205, Scottsdale, AZ 85260.

April 1, 2019, we extended our one-year operating lease for our office space in Scottsdale, Arizona to end on March 31, 2020.

The annual base rent increased from $7,800 to $9,107.

On July 16, 2019, we added additional office space and our monthly base

rent increased to $1,325 per month.

On March 6, 2020, we extended our lease for twelve months to end on March 31, 2021 at an annual

base rent of $16,695.

On March 17, 2021, we extended our lease for twelve months to end on March 31, 2022 at an annual base rent

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 lease model.

The property portfolio currently includes (i) land and real property

constructed in Green Valley, Arizona, (ii) land and real property in Kingman, Arizona, (iii) vacant land in Gilbert, Arizona,

(iv) land and real property in Tempe Arizona, and (v) land and real property of approximately 47 acres in Chino Valley, Arizona.

The properties in Tempe, Green Valley, Kingman, and Chino Valley, Arizona are currently leasing space to tenants that operate

licensed medical cannabis facilities.

We lease our vacant land in Gilbert, Arizona to a third party.

Each of these leased properties

is generating revenue to date.

Our principal executive office is currently located

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 expire on November 30, 2024, provided the Company has the option to extend the lease

for an additional five years.

The monthly base rent is $2,932 per month through November 30, 2022, $3,005 from December 1, 2022 through

November 30, 2023, and $3,078 from December 1, 2023 through November 30, 2024.

The lease for our prior executive offices expires

on March 31, 2021.

The lease provided for an annual base rent of $17,583.

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 lease

The property 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, and (iv) land and real property of approximately 47 acres in Chino

Valley, Arizona.

The properties in Tempe, Green Valley, Kingman, and Chino Valley, Arizona are currently leasing space to tenants that

operate licensed medical cannabis facilities.

On June 1, 2021, we closed on the sale of our vacant land located in Gilbert, AZ for an

aggregate purchase price of $335,000.

In connection with the sale, we received net proceeds of $322,332 and recorded a gain on sale of

rental property of $51,944.

As of December 31, 2021, each of our leased properties was generating revenue.

LEGAL PROCEEDINGS

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.

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.

MINE SAFETY DISCLOSURES

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.

What changed 10-K

Item 2. Properties