Can B Corp signs deal to develop up to 100 CBD Lounges at ~$4M each

Can B Corp

Agreement with American Development Partners to develop up to 100 CBD Lounges; first 50 committed, option for 50 more.
Each Lounge expected development cost ~$4M; ADP receives 10% development fee.
Leases are triple net, 20-year terms, rent capped at 10 times total development cost, with 2% annual increase.
Exclusive developer arrangement for 10-year term; leases begin upon certificate of occupancy.
Company guarantees leases if not tenant; security deposit of one month rent required.

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