Wednesday, September 20, 2017 10:02:18 PM
"We have adopted the model of IIPR (Innovative Industrial Properties) for our fund," says Josh Alper, CEO of BLDV. "The terms for the triple net lease will be modified for the Canadian Market, but the basic structure remains the same." The securities firm of Trowbridge and Sidoti will be preparing the documents for the offering. "This project was made possible in part due to the activities of Joe Groleau from AMS, a recent addition to the BLDV advisory board," continued Alper. "The revenue stream to BLDV will consist of lease payments, construction management fees, and project coordination fees, this one project will generate over $200K in fees while creating a nearly 15% return to investors in the fund."
Quality Green Inc. will be one of the newest Licensed Producers in Canada. With one facility completed, one facility in planning, and now, a new facility being scheduled in cooperation with BLDV, Quality Green Inc. is rapidly expanding to meet the needs of the provincial government in Ontario.
Joe Groleau is such a stellar guy. Interesting that he's now on the BLDV advisory board.... BLDV is going to have one heck of a presence in Canada. Between Quality Green and AMS Canada, I am liking our chances here.
Load'em and lock'em!!! :)))
$BLDV!
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