Power REIT (NYSEMKT:PW) CEO David Lesser talks to Proactive about the New York-based real estate investment trust's strategy to continue to expand its real estate portfolio related to controlled environment agriculture including cannabis cultivation.
Lesser says the group most recently acquired a 37,000 square foot greenhouse cannabis cultivation facility in Riverside County, California for $7.685M. Lesser says in the near term, investors can expect its portfolio to continue to grow, looking at any states that has a form of legalized cannabis in place.