Power REIT(US:PW)2021-05-24 17:10Financial Performance & Growth - Power REIT's equity market capitalization was $142 million as of May 21, 2021[7] - The share price was $38.90 as of May 21, 2021[7] - The pro forma run rate FFO multiple is approximately 12.1x[7] - A rights offering closed on February 9, 2021, raising $36.7 million through the issuance of 1.38 million common shares[18] - Total legal cannabis sales in the U S market are projected to reach between $25 0 and $30 4 billion by 2023[48] Portfolio & Strategy - Power REIT focuses on sustainable real estate, particularly Controlled Environment Agriculture (CEA) for cannabis and food cultivation[7] - The company has 91 acres of land with 470,000 square feet of greenhouse/processing space for medical cannabis cultivation[7] - Power REIT also leases 600 acres of land to solar farms generating over 107 Megawatts[7] - The company owns 112 miles of railroad in Marcellus Shale territory[7] - The company has an acquisition pipeline exceeding $100 million at various stages of negotiation[8]