Roger Bloss, Interim-CEO commented that “The addition of Natural Green complements our previous management agreement (10 acres) with MKC Development Group, LLC and is further confirmation that our business model on our 260-acre Farm: organic, outdoor grow with ample water rights, perfect sunshine and just the right amount of breeze, in Amargosa Valley is highly desirable for cannabis cultivation. Their specialized style of management is sure to produce unique product on their allocated 8 acres.” The agreement’s initial term is for 10 years with 5-year extensions, provides for a substantial deposit and minimum revenue requirements beginning in the third year. We’re confident that this is a primary driver for qualified companies such as Natural Green to desire to work with us at our Amargosa Farm.
Of course, our business will continue to grow as tourism rebounds in Las Vegas. Paris Balaouras, Founder and Chief Cultivation Officer at the Company stated: “I’m tracking the strength in Las Vegas as that is our core market and we’re delighted to see that the weekend occupancy rates are approaching 95%.
The Las Vegas Review Journal (Apat ) reports that “Experts expected Las Vegas would recover, but not this quickly.” It’s good to see that “… resort traffic and occupancy rates are quickly closing in on pre-pandemic levels”.
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