The cannabis properties in the sale-leaseback deal are located in Florida, Massachusetts and New Jersey.
WAKEFIELD, MA—Locally-based Curaleaf Holdings Inc. has signed a sale-leaseback transaction with Freehold Properties of Las Vegas for six of its cannabis properties in Florida, Massachusetts and New Jersey in a deal valued at $28.3 million.
The properties included in the sale-leaseback are: a cultivation/production facility in Webster, MA; a cultivation/production facility in Bellmawr, NJ and retail dispensaries in Bellmawr, NJ, Fort Pierce, FL, Daytona Beach, FL and Provincetown, MA. Freehold will lease the properties to Curaleaf pursuant to a long-term, triple-net lease. The company also has the right of first offer to purchase additional properties from Curaleaf as its preferred real estate partner.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
