---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-033429"
form_type: "8-K"
ticker: "PW"
cik: "0001532619"
company_name: "Power REIT"
filed_at: "2022-11-23T23:59:59+00:00"
generated_at: "2026-06-21T13:24:05.309884+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "medium"
source: SEC EDGAR
---

# Power REIT obtains variances for Michigan cannabis facility; portfolio hit by price compression

## Summary
- Marengo CBA granted variances for energy code, fire suppression, and egress at existing greenhouse, allowing project to advance.
- Project now positioned to pursue state and local cannabis licensing; building permits required only for modifications.
- Wholesale cannabis prices in CO, CA, and OK continue significant compression, negatively impacting portfolio.
- Company working on permit strategy and path forward; no assurance on timeline.

## SEC filing metadata
- accession: 0001493152-22-033429
- form_type: 8-K
- ticker: PW
- cik: 0001532619
- company_name: Power REIT
- filed_at: 2022-11-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: medium
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532619/000149315222033429/0001493152-22-033429-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532619/000149315222033429/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-033429
- JSON: https://secwatch.observer/filing/0001493152-22-033429.json
- Plain text: https://secwatch.observer/filing/0001493152-22-033429.txt

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