What is an Opportunity Zone
Opportunity Zones is a community investment tool established by Congress in the Tax Cuts and Jobs Act of 2017 to encourage long-term investments in low-income urban and rural communities nationwide.
Our designation as one of the first public companies that meet the criteria of an entity operating in an IRS designated Opportunity Zone will be a significant benefit to the company and its shareholders, particularly when considering that many of the approved cannabis locations are located in such Opportunity Zones.
This new designation will provide numerous tax benefits to our investors while making our stock much more attractive to the overall investment community, including institutional investors, hedge funds and high net-worth investors.
– Dr. Neil Parsan, Chairman and Chief Executive Officer