1 unchanged sentence
Raintree Drive, #230, Scottsdale, AZ 85260.
−Removed: On March 15, 2022, we entered to an Assumption of Lease and Consent Agreement with
−Removed: a landlord, whereby the landlord consented to the assignment of an office lease, as amended, from the original tenant to the Company.
+Added: On March 15, 2022, we entered to an Assumption of Lease and Consent Agreement
+Added: 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
1 unchanged sentence
On June 3, 2024 the Company extended the lease for an additional 24 months through November 30, 2026.
−Removed: 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
−Removed: 30, 2026, $3,887 from December 1, 2026 through November 30, 2027, and $4,004 from December 1, 2027 through November 30, 2028.
−Removed: has the option to extend the lease for a two-year period through November 2028.
+Added: December 1, 2024, the monthly base rent shall be $3,665 per month through November 30, 2025 and $3,775 from December 1, 2025 through
+Added: November 30, 2026.
+Added: If extended, the monthly base rent shall be:
+Added: $3,887 from December 1, 2026 through November 30, 2027, and $4,004 from
+Added: December 1, 2027 through November 30, 2028.
+Added: 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,
2 unchanged sentences
The property investment portfolio currently includes (i) land and real property constructed in Green Valley,
−Removed: Arizona, (ii) land and real property in Kingman, Arizona, (iii) land and real property in Tempe Arizona, (iv) land and real property
−Removed: of approximately 47 acres in Chino Valley, Arizona, (v) land and real property in Pleasant Ridge, Michigan and (vi) land and real property
−Removed: in Chicago, Illinois which we recently acquired in January 2024, and (vii) land held in Surprise Arizona.
−Removed: The properties in Tempe, Green
−Removed: Valley, Kingman, and Chino Valley, Arizona, Pleasant Ridge, Michigan and Chicago, Illinois are currently leasing space to tenants that
−Removed: operate licensed cannabis facilities.
−Removed: Additionally, we lease our land located in Surprise, Arizona for future development of a licensed
−Removed: medical and adult use marijuana retail dispensary.
−Removed: As of December 31, 2024, each of our leased properties was generating revenues.
−Removed: LEGAL PROCEEDINGS
+Added: Arizona, (ii) land and real property in Kingman, Arizona, (iii) land and real property in Tempe Arizona, (iv) land and real property of
+Added: approximately 47 acres in Chino Valley, Arizona, (v) land and real property in Pleasant Ridge, Michigan and (vi) land in Chicago, Illinois,
+Added: and (vii) land and real property in Surprise Arizona.
+Added: The properties in Tempe, Green Valley, Kingman, Chino Valley, and Surprise, Arizona,
+Added: Pleasant Ridge, Michigan and Chicago, Illinois are currently leasing space to tenants that operate licensed cannabis facilities.
+Added: the Company was notified that a vehicle crashed into the building located in Chicago, IL, causing significant structural damage.
+Added: of Chicago declared the building unsafe and ordered its demolition.
+Added: As such, the Ashland Avenue Property located in Chicago remains a
+Added: vacant lot of land.
+Added: Based upon the most recent information received by the Company from Justice Grown, the Company believes that the development
+Added: of the new retail dispensary building will still be completed, and the tenant will open for business in late 2027;
+Added: however, challenges
+Added: related to the ongoing permitting and development process required through the City of Chicago may continue to cause delays.
+Added: The Company’s
+Added: tenant is expected to continue to pay full rent pursuant to the Justice Grown Lease.
+Added: If Justice Grown does not construct the new building,
+Added: the Company may need to pursue recovery through legal claims.
+Added: In connection with the damage and demolition of the building located in
+Added: Chicago, IL and based on conditions existing at our Michigan property, during the year ended December 31, 2025, the Company recorded an
+Added: impairment loss of $3,118,716.
+Added: As of December 31, 2025, each of our leased properties
+Added: was generating revenues.
There are no pending or threatened legal or administrative
3 unchanged sentences
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.