---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-019584"
form_type: "8-K"
ticker: "PW"
cik: "0001532619"
company_name: "Power REIT"
filed_at: "2022-07-18T23:59:59+00:00"
generated_at: "2026-06-24T13:15:29.046201+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Power REIT secures CO letter for Michigan cannabis facility; license application submitted

## Summary
- Obtained Certificate of Occupancy letter from Marengo Township on July 8, 2022, after litigation.
- Complete cannabis license application now submitted to Michigan Cannabis Regulatory Agency.
- Property is 556,000 sq ft greenhouse; deemed largest cannabis facility in Michigan.
- Annual straight-line rent is $5.12M, implying $0.38/quarter Core FFO per share (vs $0.40 in Q1 2022).
- Rental income not currently recognized due to licensing uncertainty; lease amended to push rent to Q1 2023.

## SEC filing metadata
- accession: 0001493152-22-019584
- form_type: 8-K
- ticker: PW
- cik: 0001532619
- company_name: Power REIT
- filed_at: 2022-07-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 8.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532619/000149315222019584/0001493152-22-019584-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532619/000149315222019584/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-019584
- JSON: https://secwatch.observer/filing/0001493152-22-019584.json
- Plain text: https://secwatch.observer/filing/0001493152-22-019584.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.