Real Estate

We currently own two properties within the US and Canada operating under licensed tenants within the cannabis industry. We have identified at least two (2) additional properties to acquire and have entered into binding contracts or commitments to acquire specific properties or committed a portion of the net proceeds of our initial offering to any other specific investment in cannabis property or facilities focused in California, Colorado, New York and Puerto Rico. Investors will not be able to evaluate the economic merits of investments we make with a substantial portion of the net proceeds of our offering before purchasing our Class A common stock.

We have entered into a definitive purchase agreement for the acquisition of a 15,000 Sq. ft. licensed manufacturing and cultivation GMP facility located in San Juan, Puerto Rico. The purchase price is $950,000 US, of which $325,000 has been paid in a sale-lease back transaction. The property is presently operating as a manufacturing and extraction facility to 1919 Clinic LLC, as a tenant and licensed cannabis operation with a superior track record by the Department of Health of Puerto Rico.

Our Initial Property, located in Quebec, Canada for a purchase price of approximately $1.5 million US, is presently under a sale-leaseback transaction. The property is the first of its’ kind in Canada approaching the cannabis industry from a hospitality model, being a licensed bed and breakfast operation on 15 acres with cultivation options, nine bedrooms, golf club and horse arena presently partnered with Expedia, Booking.com, Air B&B, and multiple Canadian tourist sites for both daily and monthly rental rates.

The acquisition of our initial Property Portfolio is subject to ongoing diligence and the satisfaction of closing conditions and the acquisition of any property under a non-binding letter of intent requires the negotiation and execution of a definitive purchase agreement and is subject to diligence and the satisfaction of closing conditions. There can be no assurance that we will consummate the acquisition of any of the properties in our current acquisition pipeline on the terms anticipated, or at all.