Pot companies dig up cash in real estate


Capital-hungry pot companies are increasingly selling off their real estate as other sources of financing dry up. With cannabis stocks down nearly 60% since their highs in March, producers that previously relied on issuing shares to raise money have been left with few alternatives, particularly in the U.S. where the drug remains federally illegal. Sale-leaseback transactions have stepped in to fill the void, becoming a key financial lifeline for an industry that needs capital to fund expansion.

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