---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-039060"
form_type: "8-K"
ticker: "PW"
cik: "0001532619"
company_name: "Power REIT"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:08:30.890847+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Power REIT sells Maine cannabis facility for $4.25M; provides $850K note

## Summary
- Sold interest in Maine cannabis greenhouse to tenant affiliate for $4,250,000.
- Provided $850,000 seller note at 8.5% interest, maturing October 30, 2025.
- Note secured by second mortgage and corporate/personal guarantees.
- Sale part of strategic review to enhance liquidity amid cannabis tenant financial pressure.
- Company continues evaluating additional asset sales to create shareholder value.

## SEC filing metadata
- accession: 0001493152-23-039060
- form_type: 8-K
- ticker: PW
- cik: 0001532619
- company_name: Power REIT
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1532619/000149315223039060/0001493152-23-039060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1532619/000149315223039060/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-039060
- JSON: https://secwatch.observer/filing/0001493152-23-039060.json
- Plain text: https://secwatch.observer/filing/0001493152-23-039060.txt

## Key facts
- M&A Transactions
  Power REIT completed a disposition involving affiliate of its tenant for $4,250,000 sale price plus an $850,000 note with 8.5% interest secured by a second mortgage and guarantees (closed 2023-11-01).
  - Action: disposition
  - Counterparty: affiliate of its tenant
  - Consideration: $4,250,000 sale price plus an $850,000 note with 8.5% interest secured by a second mortgage and guarantees
  - Closing: 2023-11-01
  source text: into a Purchase and Sale Agreement related to this property that has been renegotiated based on current circumstances as part of proceeding towards closing. The sale price was $4,250,000. As part of the transaction, PW SD has provided an $850,000 note with an 8.5% interest rate that will accrue until maturity on October 30, 2025. The note is secured by a second
  evidence_url: https://www.sec.gov/Archives/edgar/data/1532619/000149315223039060/0001493152-23-039060-index.htm

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