Blue Diamond Ventures Inc (BLDV)

[JPS02]

Michigan Cannabis Real Estate

Blue Diamond has adopted an approach to the Cannabis Real Estate that is based on the model of Innovative Industrial Properties of using Triple Net Leases, Medical Focus, and Public Share involvement, but with some important differences. The Fund is expected to raise approximately $12 Million USD and the average size of a completed lease-back project is expected to be under 50,000 square feet.

In addition, the Fund will focus on a specific area of Southwest Michigan that remains the largest non-citrus fruit growing and processing area in the country but has lost all industry and jobs. Plans include an estimated twelve projects, along the Route 12 corridor from New Buffalo to Niles, MI. This project is expected to provide economic growth and much needed jobs for this region. Blue Diamond is working with several municipalities, with several projects in the planning stage and discussions with potential lessees are underway.

Source: https://www.otcmarkets.com/stock/BLDV/news/Blue-Diamond-Ventures-Inc--Outlines-Operational-Strategies-for-2017?id=157095&b=y