−Removed: Our principal executive office is currently located
+Added: principal executive office is currently located at 8360 E.
Raintree Drive, #230, Scottsdale, AZ 85260.
−Removed: On March 15, 2022, we entered to an Assumption of Lease and Consent Agreement
−Removed: with a landlord, whereby the landlord consented to the assignment of an office lease, 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 the Company has the option to extend the lease
−Removed: for an additional five years.
−Removed: The monthly base rent is $2,932 per month through November 30, 2022, $3,005 from December 1, 2022 through
−Removed: November 30, 2023, and $3,078 from December 1, 2023 through November 30, 2024.
−Removed: We are in the business of property acquisition,
−Removed: development, and commercial leasing and intend to primarily structure lease agreements with prospective tenants using a triple-net lease
−Removed: The property portfolio currently includes (i) land and real property constructed in Green Valley, Arizona, (ii) land and real
−Removed: property in Kingman, Arizona, (iii) land and real property in Tempe Arizona, (iv) land and real property of approximately 47 acres in
−Removed: Chino Valley, Arizona, and (v) land and real property in Pleasant Ridge, Michigan.
−Removed: The properties in Tempe, Green Valley, Kingman, and
−Removed: Chino Valley, Arizona, and Pleasant Ridge, Michigan are currently leasing space to tenants that operate licensed cannabis facilities.
−Removed: 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.
−Removed: In connection
−Removed: with the sale, we received net proceeds of $322,332 and recorded a gain on sale of rental property of $51,944.
−Removed: As of December 31, 2022,
−Removed: each of our leased properties was generating revenue.
+Added: On March 15, 2022, we entered
+Added: to an Assumption of Lease and Consent Agreement with a landlord, whereby the landlord consented to the assignment of an office lease,
+Added: as amended, from the original tenant to the Company.
+Added: The lease term shall begin on March 15, 2022 and expire on November 30, 2024, provided
+Added: the Company has the option to extend the lease for an additional five years.
+Added: The monthly base rent was $2,932 per month through November
+Added: 30, 2022, $3,005 from December 1, 2022 through November 30, 2023, and $3,078 from December 1, 2023 through November 30, 2024.
+Added: are in the business of property acquisition, development, and commercial leasing and intend to primarily structure lease agreements with
+Added: prospective tenants using a triple-net or absolute-net lease model.
+Added: The property investment portfolio currently includes (i) land and
+Added: real property constructed in Green Valley, Arizona, (ii) land and real property in Kingman, Arizona, (iii) land and real property in
+Added: Tempe Arizona, (iv) land and real property of approximately 47 acres in Chino Valley, Arizona, (v) land and real property in Pleasant
+Added: Ridge, Michigan and (vi) land and real property in Chicago, Illinois which we recently acquired in January 2024.
+Added: The properties in Tempe,
+Added: Green Valley, Kingman, and Chino Valley, Arizona, Pleasant Ridge, Michigan and Chicago, Illinois are currently leasing space to tenants
+Added: that operate licensed cannabis facilities.
+Added: As of December 31, 2023, each of our leased properties was generating revenue, except our
+Added: Chicago, Illinois property which we acquired in January 2024.
LEGAL PROCEEDINGS
−Removed: There are no pending or threatened legal or administrative
−Removed: actions pending or threatened against us that we believe would have a material effect on our business.
+Added: are no pending or threatened legal or administrative actions pending or threatened against us that we believe would have a material effect
+Added: on our business.
MINE SAFETY DISCLOSURES
−Removed: 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.