4400 Grape Street – Denver, CO

Scythian Properties

4400 Grape Street – Denver, CO

Scythian Real Estate acquired the 4400 Grape Street marijuana retail store and cultivation space in June 2018. The Northeast Denver property was one of several properties purchased by Scythian and then leased back to The Green Solution.

The Green Solution North Denver dispensary and cultivation space is located at 4400 Grape Street in Denver, Colorado. The massive, 1.24-acre lot is visible to both directions of Interstate 70 (I-70), a highway that many travelers to Colorado use upon arrival at Denver International Airport (DIA). The North Denver cannabis store is just 15 minutes from DIA, making it the closest dispensary to the world’s second-largest airport. The marijuana retail property is also just a short distance from the River North (RiNo) Art District and within driving distance of Commerce City, Stapleton, and Park Hill.

The 4400 Grape Street location offers over 30,000 square feet of both retail and cultivation space. The property was first built in 1964 and then completely renovated in 2014 to feature a sleek, modern design that includes direct access to a cannabis grow room. In fact, this is the only The Green Solution retail location directly attached to a cultivation facility. Customers have the opportunity for a one-of-a-kind experience as they stand in the grow viewing room and look through floor-to-ceiling glass for a panoramic view of the source of the flowers, concentrates, edibles, and other recreational marijuana accessories available in the retail dispensary.

Location: 4400 Grape Street, Denver, CO 80216

Operator: The Green Solution

Type: Retail, Cultivation

Size: 32,683 square feet

4410 Washington Street – Denver, CO

Scythian Properties

4410 Washington Street – Denver, CO

The Green Solution MIP facility at 4410 Washington Street in Denver is where the Colorado-based cannabis company takes raw plant material and extracts marijuana through a refined cultivation process to create marijuana-infused products such as edibles, concentrates, flowers, and medicines. These cannabis products are then sold at The Green Solution dispensaries throughout Colorado. The 4410 Washington Street marijuana manufacturing facility is located in the River North (RiNo) Art District neighborhood, near the Platte River, the Denver Coliseum, the Denver Zoo, and Coors Field, and accessible to motorists traveling on Interstate 70 (I-70) and Interstate 25 (I-25).

The Denver cannabis cultivation warehouse is composed of brick and metal. The warehouse underwent a complete renovation that included installation of new mechanical, electrical, and plumbing systems, as well as state-of-the-art laboratory and manufacturing equipment. The cannabis production facility is 17,680 square feet and sits on a 1.12-acre site that also offers spacious parking and loading areas for workers.

Scythian Real Estate purchased the 4410 Washington Street property, along with several retail properties, in February 2018. Scythian subsequently leased back the Denver cannabis manufacturing facility to The Green Solution.

Location: 4410 Washington Street, Denver, CO 80216

Operator: The Green Solution

Type: Manufacturing

Size: 17,680 square feet

1995 Wewatta Street – Denver, CO

Scythian Properties

1995 Wewatta Street – Denver, CO

The Green Solution dispensary at 1995 Wewatta Street in downtown Denver is just two blocks away from Coors Field, the home ballpark for the Colorado Rockies. The Wewatta recreational cannabis dispensary is a popular destination for area residents due to its proximity to the Lower Downtown (LoDo) neighborhood, the River North (RiNo) Art District neighborhood, and the Highlands neighborhood. The marijuana retail property is also frequently visited by out-of-state travelers arriving at Denver International Airport (DIA) and Colorado residents passing through Denver Union Station, the main railway station and central transportation hub in Denver, CO. Other nearby attractions include the Colorado Convention Center, the 16^th Street Mall, and the Denver Pavilions shopping mall.

The Green Solution at Union Station dispensary is housed in a newly constructed building that stands two stories tall and measures at 3,938 square feet. The brick and glass property includes state-of-the-art cannabis display and point-of-sale systems. Customers of the recreational marijuana shop can find a wide selection of fine cannabis products and accessories. Additionally, the dispensary is open late.

Scythian Real Estate bought the 1995 Wewatta Street property in February 2018 and then leased it back to The Green Solution. Scythian also acquired the adjacent parcel, 1905 Division Street, to be developed as a parking lot exclusively for use by customers of the cannabis dispensary.

Location: 1995 Wewatta Street, Denver, CO 80202

Operator: The Green Solution

Type: Retail

Size: 3,938 square feet

231 Gregory Street – Black Hawk, CO

Scythian Properties

231 Gregory Street – Black Hawk, CO

The Green Solution Black Hawk dispensary is located at 231 Gregory Street in the historic City of Black Hawk, Colorado. The only licensed legal cannabis dispensary allowed to operate in downtown Black Hawk, the 231 Gregory Street marijuana retail property sits across from the Gilpin Casino and within walking distance of The Lodge Casino, Ameristar Black Hawk, Golden Gates Casino, and Mardi Gras Casino. The dispensary is also within driving distance of another former mining settlement: Central City. Together, Black Hawk and Central City form the federally designated Central City/Black Hawk National Historic District and serve as popular destinations for travelers looking to gamble in Colorado.

This popular recreational marijuana store at 231 Gregory Street serves visitors to Black Hawk and Central City, as well as residents of nearby Golden and elsewhere in Jefferson County, CO. The Victorian building that houses the cannabis dispensary measures at 4,180 square feet and was initially constructed in 1875. The building has since been remodeled to feature a spacious interior layout and trendy artwork, aligning it quite well with nearby retail stores and restaurants on Gregory Street that are currently being redeveloped.

Scythian Real Estate purchased the 231 Gregory Street property in August 2019 before leasing it back to The Green Solution to operate as the only cannabis dispensary in Black Hawk, CO. Customers of The Green Solution Black Hawk store have access to a wide selection of high-quality recreational marijuana products, including concentrates, flowers, topicals, edibles, clones, and seeds.

Location: 231 Gregory Street, Black Hawk, CO 80422

Operator: The Green Solution

Type: Retail

Size: 4,180 square feet

19370 East Quincy Avenue – Aurora, CO

Scythian Properties

19370 East Quincy Avenue – Aurora, CO

The Green Solution dispensary at 19370 East Quincy Avenue is located just off South Reservoir Road and South Flanders Street in Aurora, Colorado. The cannabis store is within driving distance of the Aurora Reservoir, Cherry Creek State Park, the Denver Tech Center, and the Plains Conservation Center. Additionally, the recreational marijuana dispensary is within walking distance of the Quincy Reservoir, which is a popular destination for fishing during the summer.

The East Quincy Avenue dispensary is the premier cannabis retail store in Southeast Aurora. The building measures at 4,300 square feet and is the first TGS dispensary to use a standalone prototype pad retail design. The retail cannabis store sees hundreds of customers each day and offers high-quality marijuana products and accessories, including concentrates, flowers, and edibles.

Scythian Real Estate acquired the 19370 East Quincy Avenue property in June 2018 and then leased it back to The Green Solution for operation as a retail cannabis dispensary.

Location: 19370 East Quincy Ave, Aurora, CO 80015

Operator: The Green Solution

Type: Retail

Size: 4,300 square feet

10195 East Montview Boulevard – Aurora, CO

Scythian Properties

10195 East Montview Boulevard – Aurora, CO

The 10195 East Montview Boulevard building is one of several properties acquired by Scythian Real Estate in February 2018. Scythian subsequently leased the North Aurora property back to The Green Solution, which continues to operate it as a cannabis dispensary.

The Green Solution dispensary at 10195 East Montview Boulevard is located adjacent to the high-growth Stapleton master planned community in Aurora, Colorado. The recreational marijuana shop is surrounded by dozens of small businesses in this thriving neighborhood. Additionally, the location of the cannabis retail store on the border of East Denver and North Aurora means that the dispensary is within driving distance of the Denver Zoo, the Denver Botanic Gardens, and Cherry Creek State Park.

The Green Solution retail cannabis shop on East Montview Boulevard stands two stories tall and measures at 4,850 square feet. Thanks to a full renovation, the building features an impressive, state-of-the-art layout. A side wall on the exterior of the building is adorned by a large mural painted by celebrated local artist Pat Milbery.

Visitors to the North Aurora dispensary can find dozens of marijuana strains and products, including concentrates, edibles, flowers, and topicals. The cannabis retail property offers a personalized, concierge level experience for customers, with retail associates on hand to assist with product selection and an express window available for pick-up of online orders. The Stapleton cannabis store is also open later than other dispensaries in the Denver metropolitan area.

Location: 10195 East Montview Blvd, Aurora, CO 80010

Operator: The Green Solution

Type: Retail

Size: 4,850 square feet

3179 South Peoria Court – Aurora, CO

Scythian Properties

3179 South Peoria Court – Aurora, CO

The Green Solution Peoria dispensary is located at 3179 South Peoria Court in Aurora, Colorado. This recreational marijuana dispensary is in the heart of one of the Denver metro area’s most heavily trafficked retail corridors, right off Parker Road and Interstate 225 (I-225) and within driving distance of Platt College and Cherry Creek State Park. Additionally, the cannabis retail property is just steps from the Aurora Nine Mile Station light rail stop, which is a busy hub for commuters traveling across Colorado.

The 4,922-square-foot building that houses the South Peoria Court marijuana shop is a former McDonald’s restaurant that was first renovated in early 2015. Just a few years later, The Green Solution (TGS) upgraded the building to match the new TGS branding and to provide greater street visibility. The interior of The Green Solution Peoria is visually striking, with 30-foot ceilings and pleasant floral aromas circulating throughout a waiting room that was previously a McDonald’s PlayPlace.

The 3179 South Peoria Court dispensary offers customers an abundance of award-winning cannabis strains, flowers, topicals, edibles, and concentrates, as well as marijuana-infused products and accessories such as bongs, oil rigs, and pipes. Ample parking is available for cars and RVs, the store is wheelchair accessible, and there is an ATM in the lobby.

Scythian Real Estate acquired the 3179 South Peoria Court building, along with several other real estate assets, from The Green Solution in February 2018. Scythian then leased the property back to The Green Solution for operation as a retail marijuana dispensary.

Location: 3179 South Peoria Court, Aurora, CO 80014

Operator: The Green Solution

Type: Retail

Size: 4,922 square feet

Marijuana Stocks Struggle During Coronavirus Pandemic

While the stock market is thriving since an initial downward spiral at the beginning of the COVID-19 pandemic, marijuana stocks have continued to struggle. This is prompting seasoned investors to consider possible alternatives to cannabis stocks.

Cannabis Investors Disappointed in Stock Performance During Coronavirus Pandemic

It was expected by many that cannabis stocks might thrive during the COVID-19 pandemic because customers who were stuck at home would seek out marijuana from retail stores. This optimism was only emboldened when states declared that marijuana dispensaries are “essential businesses” that can remain open despite shut-down orders being issued for most other businesses. Unfortunately for investors in cannabis stocks, the subsequent rise in demand for recreational marijuana has not translated to gains in the market.

Some of the worst performers among cannabis stocks include Aurora Cannabis, ETFMG Alternative Harvest ETF, and Tilray. In just a few months, ETFMG Alternative Harvest ETF saw its value plummet by more than 30%. The losses for investors in the Canadian cannabis company Aurora Cannabis were even greater: the stock has plummeted by 50% since February. While Aurora Cannabis was able to remain on the New York Stock Exchange thanks to a reverse split, the move did not boost the stock price: shares in the high-profile marijuana stock have continued to drop.

Investors in Cannabis Stocks Not Seeing Strong Returns in 2020

One possible explanation for the plunge in values of marijuana stocks is that investors might be reacting to a number of negative assessments of the global economy as the coronavirus pandemic continues. Many well-respected institutional investors are cautioning against buying into the stock market’s recent rebound because unemployment numbers remain high. This pessimism has not stopped investments in the stock market generally, with the Nasdaq hitting a record high and the S&P 500 approaching its own record high.

However, cannabis stocks have not been so fortunate. Investor confidence might be waning because of the new challenges faced by cannabis companies during the pandemic: delayed state approvals of operator licenses, operational difficulties faced by cannabis companies with limited access to capital, scaled-back operations by smaller retail marijuana businesses, and uncertainty about a possible “second wave” of the COVID-19 pandemic.

Investing in Cannabis Real Estate Funds as an Alternative to Marijuana Stocks

Cannabis stocks may be struggling, but there is still plenty of good news for investors in the cannabis industry: more and more states seem likely to legalize both recreational marijuana and medical marijuana, sales of recreational marijuana in the U.S. have more than doubled over the past year, and the international market for medical marijuana is thriving.

Moreover, there are strong alternatives to marijuana stocks for anyone looking to invest in the burgeoning cannabis industry. One of the best options for prospective investors is a privately held cannabis real estate fund that owns income-producing properties such as marijuana dispensaries and marijuana cultivation facilities. These types of investments can be considered more reliable and secure than cannabis stocks because, unlike stocks, cannabis real estate funds are more personalized. When you invest in a marijuana real estate fund, you know exactly what you are getting.

Contact Scythian Cannabis Real Estate Today

Scythian Real Estate Fund LLC is the Colorado-based real estate partner of several well-capitalized, highly sophisticated cannabis operators that are expanding nationally. Through its longstanding relationships with retail marijuana companies like The Green Solution and Grassroots Cannabis, Scythian Real Estate has built a premier single-tenant real estate portfolio valued at nearly $40 million. For more information, email Scythian Real Estate today.

PLEASE NOTE THAT THIS BLOG IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY SECURITIES IN SCYTHIAN REAL ESTATE FUND.

Scythian Real Estate Helps Cannabis Operators Raise Money

Scythian Real Estate is a full-service real estate company that appeals to experienced cannabis operators in the untapped cannabis real estate market. Scythian works with cannabis companies that need assistance with raising capital, acquiring retail properties, and managing real estate assets.

Colorado Cannabis Operators Look to Raise Funds in Sale-Leaseback Transactions

When the Colorado legislature passed House Bill 1090 in November 2019, it set the stage for cannabis companies to gain access to financing from new sources. Prior to the passage of the law, Colorado marijuana businesses could only be owned by private companies with a limited number of owners. Once the law went into effect, however, publicly traded corporations and private funds could hold ownership stakes in Colorado cannabis businesses. This opened the door for publicly traded corporations outside Colorado to invest in local dispensaries with state licenses.

Despite the increased opportunities available to cannabis companies looking to operate in Denver, Aurora, Fort Collins, Pueblo, and elsewhere in Colorado, the reality is that most cannabis operators would still prefer to raise funds through sale-leaseback transactions. Randy Roberts, a partner at Scythian Real Estate, said that the Denver-based real estate investment company continues to generate interest from sophisticated cannabis operators who simply do not want to part with equity in their companies. Moreover, observed Roberts, it is still difficult for these types of businesses to raise money through traditional avenues because “not a lot of [financial] institutions are willing to do deals with cannabis companies.”

Scythian Real Estate Continues to Close Deals with Marijuana Businesses During COVID-19

Some marijuana dispensaries have been adversely affected by the coronavirus pandemic. In fact, more than a few smaller operators have been forced to temporarily close due to high operational costs. This is one reason why Scythian Real Estate prefers to work with well-established cannabis operators: these larger companies are less likely to be impacted by COVID-19 and can handle the increased costs of running their businesses during the pandemic. For investors in the Scythian Real Estate Fund, this is good news: the cannabis real estate fund has a deal pipeline that remains strong, with recent deals closed in North Dakota and Pennsylvania.

Additionally, when state governments responded to the pandemic by declaring dispensaries as “essential businesses” that could remain open despite stay-at-home orders, the move sent a powerful message to states where marijuana has not yet been legalized. According to Scythian Real Estate partner Randy Roberts, these other states may now feel more pressure to legalize cannabis for recreational and medical purposes as the marijuana industry becomes less stigmatized. Roberts noted that this could be extremely good news for investors in cannabis real estate funds that team up with “really well-capitalized, strong cannabis companies” because those companies are going to have opportunities to grow by expanding into new markets and by capturing additional customers in existing markets.

Scythian Is Preferred Cannabis Real Estate Partner of The Green Solution

Scythian Real Estate maintains an excellent working relationship with The Green Solution, which is one of the largest vertically integrated cannabis companies in the entire country. Scythian’s role in most of its deals is to identify, evaluate, acquire, and own real estate assets before leasing back those assets to The Green Solution. With added capital, The Green Solution is then in a better position to operate their retail dispensaries and to expand their operations into states where cannabis is medically and/or recreationally legal.

The Green Solution’s co-founder Kyle Speidell recently commented on the economic benefits of the cannabis company’s sale/leaseback deals with Scythian Real Estate: “It’s honestly a no-brainer economically.”

Contact Scythian Real Estate Today

If you are a cannabis operator looking to raise funds, or if you simply want to get involved in the cannabis market, Scythian Real Estate Fund LLC may be able to assist you. To learn more, contact Scythian.

PLEASE NOTE THAT THIS BLOG IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY SECURITIES IN SCYTHIAN REAL ESTATE FUND.

Grassroots Cannabis and Curaleaf Merger Almost Complete

Grassroots Cannabis, which recently entered into multiple sale-leaseback deals with Scythian Real Estate, is nearing the finish line of its merger with Curaleaf. The merger between Grassroots and Curaleaf is expected to create a major force in the U.S. cannabis industry.

Grassroots Cannabis Thrives in Retail Marijuana Space

Grassroots Cannabis is one of the largest multi-state cannabis operators in the country, with a focus on marijuana growing, cultivation, and retail. The story of Grassroots begins with Mitch Kahn, its CEO and co-founder. Kahn started the marijuana growing and processing company after spending decades in the real estate industry and recognizing just how promising the cannabis space could be for investors. Other important members of the Grassroots Cannabis team today include Matt Darin (Chief Operating Officer), Steve Weisman (Chief Strategy Officer), Perrine Knight (Chief Administrative Officer), and Talley Wettlaufer (Head of Retail).

When Kahn founded Grassroots Cannabis, the marijuana company was funded primarily by friends and family. Over the years, Grassroots has expanded and continued to raise funds through other investors and in a variety of deals. While Kahn is set to remain with the company as a board member after the Curaleaf merger is officially complete, he will no longer be involved in the day-to-day operations.

Integration of Grassroots and Curaleaf to Create Dominant Retail Cannabis Company

Now that the Grassroots-Curaleaf merger has been approved at the federal level, the two companies are in the process of receiving final approvals from state and local governments. In anticipation of getting state approval, Grassroots and Curaleaf are preparing to scale their integrated businesses and carve out a dominant spot in the retail cannabis industry.

Business has remained steady for Grassroots Cannabis during the COVID-19 pandemic. Many states declared marijuana dispensaries “essential businesses” that can remain open for order pick up, including all the states in which Grassroots operates. This has allowed the company to continue building its data infrastructure, utilizing automation, and strengthening operations in exciting markets like Maryland, Michigan, North Dakota, and Pennsylvania.

Grassroots Cannabis and Scythian Real Estate Close Sale-Leaseback Deals in North Dakota and Pennsylvania

Even before the expected merger, Grassroots Cannabis already has a strong presence in several important U.S. markets such as Arkansas, Illinois, Maryland, Michigan, Missouri, North Dakota, Ohio, Oklahoma, and Pennsylvania. Grassroots recently bolstered its presence in North Dakota and Pennsylvania with two sale-leaseback transactions with Colorado-based Scythian Real Estate.

In June 2020, Grassroots sold two North Dakota dispensaries to Scythian and subsequently entered into a lease agreement with Scythian for continued operation of the dispensaries under the store name Herbology. More recently, Scythian acquired a medical marijuana dispensary located at 109 Main Street in Bradford, PA and then leased the property back to Grassroots. The total size of all three properties acquired by Scythian is approximately 13,000 square feet.

Contact Scythian Cannabis Real Estate

These kinds of sale-leaseback deals are common in the retail cannabis industry and allow businesses like Grassroots Cannabis to expand their retail operations without diluting capital. Scythian Real Estate Fund LLC works with cannabis operators throughout the United States.

If you are a cannabis operator looking for a trusted real estate partner, email Scythian today.

PLEASE NOTE THAT THIS BLOG IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY SECURITIES IN SCYTHIAN REAL ESTATE FUND.