One of the Flower One Holdings' subsidiaries has closed the previously announced sale-leaseback agreement with Treehouse Real Estate Investment Trust for the Company’s 25,000 square-foot indoor cultivation and production facility in North Las Vegas, including the adjacent vacant lots acquired in 2019 (the "Neeham Property").
"Treehouse has purchased the Neeham property from Flower One for US$20,000,000. Flower One, through one of its subsidiaries, has entered a lease on the Neeham Property with Treehouse for a term of 20 years with two 10-year extension options," the team with the company explains.
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