other material
confidence high
sentiment neutral
materiality 0.45
CFN Enterprises subsidiary enters lease with option to purchase Colorado property for CBD operations
CFN Enterprises Inc.
- 11-month lease with option to purchase 9.53-acre property in Eaton, CO for $1.2M.
- Total rent over term is $354,000; $200,000 in non-refundable payments applied toward purchase price.
- Property includes 8,500 sq ft C1D1 steel building, 8,712 sq ft greenhouses, shop, and residence.
- Premises will be used for CBD processing, storage, and distribution by CNP Operating unit.
- Lease runs Dec 9, 2021 to Nov 30, 2022; option must be exercised before term end.