Cannabis-Rx Acquires Manatee Industrial Buildings For Possible Cannabis Grow Operation

A real estate investment company has closed on a land deal in southern Manatee County that could light up the pot industry in Florida.

Cannabis-Rx announced Thursday that it acquired three buildings on 9.26 acres formerly owned by boat manufacturers Genmar and Wellcraft. The buildings total 209,000 square feet of commercial space at 7150 15th St. E., near Sarasota Bradenton International Airport.

“If there’s a compelling reason, we could put a licensed marijuana operation in the building in the form of a partnership with them and collect a premium on rent, we could certainly entertain that,” said Llorn Kylo, chief executive officer of Cannabis-Rx, in a telephone interview Friday. The publicly traded company both buys and renovates distressed assets and acquires buildings in light industrial/commercial areas that could host a licensed cannabis operator, grow house, dispensary or distributor.

To read more, visit http://www.bradenton.com/2014/04/19/5110907/canadian-real-estate-firm-cannabis.html

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