Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
NewLake Capital Partners, a sale-leaseback real estate company for the cannabis industry, announced on Wednesday it has closed the acquisition of a parcel of land in Phoenix, Arizona for a total investment of up to $20.5 million.
The land will be leased to The Mint, a vertically integrated multi-state cannabis operator based in Tempe, Arizona. The Mint will operate a 130,757-square-foot cultivation and processing facility that will be constructed on the site.
The lease includes an $18.1 million “tenant improvement allowance” for construction.
The Mint operates two dispensaries in Arizona and has operations in Michigan and Massachusetts.
In April, the two companies entered a similar agreement, by which NewLake acquired a 40,000-square-foot industrial property in Palmer, Massachusetts. The Mint will operate the property as a licensed cultivation and processing facility.
New Lake owns 27 properties across 10 states with 8 different tenants. These host 17 dispensaries and 10 cultivation facilities.
Photo by Sven Mieke on Unsplash
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!