secwatch.observer — SEC 8-K summary
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Issuer:     Power REIT (PW)
CIK:        0001532619
Form:       8-K
Filed at:   2022-11-23T23:59:59+00:00
Accession:  0001493152-22-033429
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532619/000149315222033429/0001493152-22-033429-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532619/000149315222033429/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-033429

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