Grow Capital Inc 's Comment on Competition and Industry Peers
Commercial real estate:
The commercial real estate market is highly competitive. We believe finding
properties that are zoned for the specific use of allowing cannabis growers
may be limited as more competitors enter the market. Initially we will aggressively
target states in the western US that legally allow for medical and recreational
cannabis to be grown. We have identified several competitors that appear to
have offerings similar to ours. They are Zoned Properties, Inc. (ZDPY), MJ Holdings,
Inc. (MJNE), and Home Treasure Finders, Inc. (HMTF)
Zoned Properties, Inc. - Zoned Properties, Inc., a real estate investment firm,
focuses on acquiring free standing buildings, land parcels, and greenhouses
in order to have them re-zoned to be able to carry out aeroponics agricultural
grow operations. It plans to operate primarily in Arizona, Illinois, Nevada,
and Colorado.
MJ Holdings, Inc. – MJ Holdings, Inc. acquires and leases real estate
to licensed marijuana operators, including but not limited to providing complete
turnkey growing space and related facilities to licensed marijuana growers and
dispensary owners. Additionally, MJ Holdings plans to explore ancillary opportunities
in the regulated marijuana industry.
Home Treasure Finders, Inc. – Home Treasure Finders, Inc. is engaged
in a real estate lead referral business in Colorado. It focuses on buying and
selling properties; and leasing its real estate properties to cannabis growers
for cannabis cultivation. The company also manages 55 rental units. Home Treasure
Finders, Inc. was founded in 2008 and is based in Denver, Colorado. Advanced
Cannabis Solutions, Inc. – Advanced Cannabis Solutions, Inc. a development
stage company, focuses on providing real estate leasing services to the regulated
cannabis industry in the United States. It plans to purchase real estate assets;
and lease growing space and related facilities to licensed marijuana growers
and dispensary owners for their operations. The company was founded in 2013
and is headquartered in Colorado Springs, Colorado.
Sources:
Grow Capital Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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