Late last month, Cresco Labsreported sale-leaseback deals on properties in Michigan andOhio.
CHICAGO—Locally-based Cresco Labs reports it has closed on asale-leaseback deal with GreenAcreage Real Estate Corp. of New YorkCity for its Lincoln, IL cultivation facility in a deal valued at$50 million.
Concurrent with the closing of the sale, Cresco has agreed to enter into a long-term,triple-net lease agreement with GreenAcreage and will continue tooperate the property as a licensed medical and recreationalcannabis cultivation and processing facility.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
