Cannabis REIT Treehouse Raises $45.five Million


LOS ANGELES&#8211(Enterprise WIRE)&#8211Treehouse Actual Estate Investment Trust, Inc. (“Treehouse” or the “Company”) announced nowadays that it has completed its private placement of two,067,274 shares of its popular stock for aggregate gross proceeds of about $45.five million. Ladenburg Thalmann &amp Co. Inc., a subsidiary of Ladenburg Thalmann Monetary Solutions Inc. (NYSE American: LTS), Compass Point Study &amp Trading, LLC, and Northland Securities, Inc. acted as the placement agents for the private placement. The Corporation also announced nowadays that it has executed a term sheet with a federally-insured industrial bank for a debt facility.

“Treehouse is excited to announce an additional capital raise as effectively as executing a term sheet for a future debt facility from a federally-insured industrial bank,” stated Brian Kabot, Steady Road Capital Chief Investment Officer and Treehouse Board Member. “The further proceeds we’ve received increases our capital base to continue executing cannabis-associated true estate acquisitions in a scaled manner. Our debt facility term sheet is not only a major step for Treehouse, but a major step for the entire sector. We are witnessing federally-regulated lenders enter the cannabis sector and we couldn’t be far more excited to be a portion of it.”

In addition to the private placement, the Corporation has also signed a term sheet for a debt facility with a federally-insured industrial bank. The planned debt facility expects to carry a six.1% interest price more than a 5-year term and expects to supply accretive financing for Treehouse to effectively handle its balance sheet.

The Corporation intends to use the net proceeds from the private placement and debt facility to fund further cannabis true estate acquisitions across the U.S., which is estimated to produce $80 billion in cannabis sales by 2030 according to Cowen, Inc. The Corporation will seek to continue acquiring true estate across numerous recreational and health-related cannabis states, which includes Arizona, California, Florida, New York and Nevada, with a concentrate on retail-associated properties.

This press release does not constitute an present to sell or a solicitation of an present to invest in the popular stock or any other securities of the Corporation.


Treehouse Actual Estate Investment Trust, Inc. is a newly-organized, externally managed true estate investment enterprise focused on the acquisition, ownership and management of specialized retail and industrial properties leased to skilled, state-licensed operators for their regulated adult-use and health-related-use cannabis facilities. Check out to understand far more.

Cautionary Note Concerning Forward-Searching Info and Statements

This press release includes “forward-searching statements” inside the which means of the federal securities laws. Forward-searching statements can be identified by words like “may,” “will,” “likely,” “should,” “expect,” “anticipate,” “future,” “plan,” “believe,” “intend,” “goal,” “seek,” “estimate,” “project,” “continue” and equivalent expressions. Forward-searching statements are neither historical information nor assurances of future overall performance. Alternatively, they are primarily based only on our existing beliefs, expectations and assumptions concerning the future of our business enterprise, future plans and techniques, projections, anticipated events and trends, the economy and other future situations. For the reason that forward-searching statements relate to the future, they are topic to inherent uncertainties, dangers and adjustments in situations that are hard to predict and a lot of of which are outdoors of our manage. Our actual benefits and monetary situation may perhaps differ materially from these indicated in the forward-searching statements. Hence, you should really not rely on any of these forward-searching statements. Essential components that could bring about our actual benefits and monetary situation to differ materially from these indicated in the forward-searching statements involve, amongst other individuals, adjustments in the situation of the U.S. economy and, in unique, the U.S. true estate industry.

The forward-searching statements incorporated in this press release are created only as of the date of this release, and except as otherwise necessary by federal securities law, we do not have any obligation to publicly update or revise any forward-searching statements to reflect subsequent events or situations.

Supply: Treehouse Actual Estate Investment Trust, Inc.

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