Cresco closes $29M sale-leaseback deal on MA marijuana facility

On: July 1, 2020

Cresco Labs, a multistate cannabis operator headquartered in Chicago, has entered into its fifth sale-leaseback deal with San Diego-based Innovative Industrial Properties (IIP), this time for a vertically integrated marijuana facility in Massachusetts. According to a news release, the deal is worth $29 million and includes $21 million for tenant improvements. “IIP has proven to […]

Cresco closes $29M sale-leaseback deal on MA marijuana facility is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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