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Innovative Industrial commits $22 million to greenhouse aquisitionInnovative Industrial commits $22 million to greenhouse aquisitionhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=276792022-06-21T05:00:00Z2022-06-22T21:00:00Z

BASTROP – Cannabis company Texas Original Holdings LLC has sold its new headquarters facility in Bastrop in a sale-leaseback arrangement.

Innovative Industrial Properties Inc. acquired the property for $12 million.

The 85,0000-sf industrial and hybrid greenhouse facility is currently under construction and will be completed in early 2023. Innovative Industrial is committing $10 million toward completion of the facility.

The complex comprises multiple buildings for cultivation, distribution, delivery, and logistics.​​

Austin Business Journal
Austin-Round Rock
Industrial
 https://www.bizjournals.com/austin/news/2022/06/20/texas-original-sells-cannabis-facility.htmlRead more at {Source}

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