other material
confidence high
sentiment neutral
materiality 0.55
Can B Corp enters three commercial leases for facilities in FL, CO, TN
Can B Corp
- Lease for 7,408 sq ft in Miami, FL at $16k/mo base rent with 12-mo term and 3-yr renewal option.
- Lease for 14,300 sq ft in Mead, CO at $13,764/mo first year, 3% annual escalation or CPI, 3-yr term.
- Lease for 300,000 sq ft industrial facility in McMinnville, TN at $25k/mo, with purchase option and right of first refusal.
- Security deposits: $17,040 (Miami), $120,000 (Mead); various insurance obligations in each lease.