Tuesday, August 06, 2019 6:03:46 PM
BANGI recently secured a strategic alliance with Transatlantic Real Estate to further strengthen the Company's resources, access to technology, and intellectual capital as it launches its anticipated cannabis real estate acquisition plan. It also signed this year a letter of agreement (LOI) to purchase and leaseback a 38,000 square foot property permitted to grow medical-use cannabis in Michigan. The property is expected to generate an expected combined $750,000 per month upon completion of state cannabis licensing requirements.
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