The Mountain region had the lowest farm real estate value at $1,100 per acre. The United States cropland value increased by $30 per acre (0.7 percent) to $4,130 per acre from the previous year. In the Southern Plains region, the average cropland value increased 9.2 percent from the previous year. Aug 5, 2015
Closes on Land Deal in Oregon with Active Cannabis Grow License -- 50% Ownership
* with now partner, Hspendleton, LLC previous owner of the land and part owner of the recreational license
* The company closed on the property today with $80,000 down, $100,000 convertible note and another $70,000 owed late spring for a total of $250,000.
* The property is currently holding an active outdoor recreational grow facility and license owned by Groovy Groves, LLC,
* The license is currently a Tier II grow license which allows 40,000 sq.ft. of outdoor grow.
* We expect revenues in the neighborhood of $3,000,000 to $4,000,000 on this property next year. We will likely begin planting the next crop in late January.
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