scientific botanical leasing

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Arizona: Scientific Botanical Leasing Closes First Round $800K Funding

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Cpompany Rolls Out IRA and Qualified Plan Investment Offering

Scientific Botanical Leasing, specializing in engineering and development of cannabis cultivation and related manufacturing facilities, on Wednesday announced that it has finalized its first round funding totaling $800,000, and has opened its Series 2015B offering to new investors ($25,000 minimum, $1.5 million maximum offering, accredited investors only, 506C).

The Series 2015B offers commercial real estate secured Notes, which can be purchased by IRA, Qualified Plan and other investors that meet the offering requirements.

The CEO of Scientific Botanical Leasing, Brent Nerguizian, touched on the need for organized, legally compliant, secure investment alternatives with real equity and capable sponsorship. “After 30 years of managing real estate investments and hedge funds, it is exciting to finally be able to offer a highly structured, legally compliant, secure investment in commercial real estate related to the cannabis industry,” Nerguizian said.

The company has executed lease agreements for its facilities with an Arizona state licensed dispensary for a term of 10 years. The funds will be used to complete the $1.7 million total of tenant improvements, payoff bridge financing and complete tenant signing incentives.

Arizona: Fourth Largest Cultivation Facility Continues Expansion

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Scientific Botanical Leasing on Friday announced that its North Central Phoenix retail dispensary is currently under construction.

The medicinal cannabis dispensary was awarded and will service the North Phoenix territory encompassing approximately 138 square miles straddling the I-17 Freeway North of the 101 Freeway.

The facility is located on Happy Valley Rd. and 7th Avenue approximately 1-1/2 miles from the I-17 Freeway and a 500,000 square foot outdoor shopping mall.

The dispensary is supported with products from the company’s state-of-the-art 40,000 square foot cultivation and product manufacturing facility located two miles south at the Deer Valley Airport, in Phoenix.

Both the North Phoenix dispensary and cultivation facility are slated to come on line August 1.

Scientific Botanical Leasing owns and manages medical marijuana dispensary and cultivation facilities that are leased to state licensed dispensaries.

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