secwatch.observer — SEC 8-K summary
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Issuer:     Power REIT (PW)
CIK:        0001532619
Form:       8-K
Filed at:   2023-11-02T23:59:59+00:00
Accession:  0001493152-23-039060
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1532619/000149315223039060/0001493152-23-039060-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1532619/000149315223039060/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-039060

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