Cannabis REIT to Invest up to $50 Million in GTI Illinois…

  • Cannabis REIT to Invest up to $50 Million in GTI Illinois Cultivation Facility
  • This marks GTI’s third transaction with IIP, following sale-leasebacks for GTI’s cannabis cultivation and processing facility in Danville, Pennsylvania completed in November 2019 and its Toledo, Ohio processing facility in February 2020.
  • In addition to the manufacturing facility in Oglesby, GTI owns a cultivation and processing facility in Rock Island and seven stores throughout Illinois with licenses to open three additional retail locations.
  • Headquartered in Chicago, Illinois, GTI has 13 manufacturing facilities, licenses for 96 retail locations and operations across 12 U.S. markets.

Read full article: newcannabisventures.com