"MILC is investing in greenhouse facilities for the cultivation of cannabis. We believe this is the sustainable approach to cannabis cultivation since the cost of such facilities is lower than indoor cultivation facilities and the cost of operation/production is also lower.
As of September 2, 2021, MILC has made two investments in cannabis cultivation:
1) A short-term loan to Walsenburg Cannabis LLC ("WC") and is currently seeking Colorado cannabis regulatory approval to take an ownership interest at which point MILC expects to own a 77.5% preferred equity position. WC is commencing operation of an approximately 102,800 square foot greenhouse cultivation property located in Walsenburg, Colorado.
2) MILC owns a 77.5% preferred equity interest in VinCann LLC which is operating a 9.8 acre greenhouse and outdoor cultivation facility in Vinita, Oklahoma."
(source: website)
