MILLENNIUM INVESTMENT & ACQUISITION COMPANY, INC.

Millennium Investment & Acquisition Co. Inc. Expands Footprint to include Michigan’s Largest Cannabis Cultivation Facility

Retrieved on: 
Thursday, September 9, 2021

A subsidiary of MILCs wholly owned subsidiary, Millennium Cannabis LLC, (Millennium Cannabis), has executed a long-term lease (the Lease) for a 556,146 square foot state-of-the-art greenhouse cultivation facility located in Marengo Township, Michigan (the Property).

Key Points: 
  • A subsidiary of MILCs wholly owned subsidiary, Millennium Cannabis LLC, (Millennium Cannabis), has executed a long-term lease (the Lease) for a 556,146 square foot state-of-the-art greenhouse cultivation facility located in Marengo Township, Michigan (the Property).
  • This facility will be the largest cannabis cultivation facility in Michigan and one of the largest cannabis greenhouse cultivation facilities in the United States.
  • With the Michigan transaction, Millennium Cannabis now boasts one of the largest multi-state cannabis cultivation footprints in the United States.
  • Millennium Cannabis engages agriculture experts from outside of the cannabis industry to incorporate proven growing methods from traditional crops into successful cannabis cultivation operations in low-energy greenhouse environments.

MILLENNIUM INVESTMENT & ACQUISITION CO. INC. PROVIDES CORPORATE UPDATE

Retrieved on: 
Tuesday, July 27, 2021

In May, 2015, MILC acquired an activated carbon plant (the MHC Plant) out of bankruptcy at a steep discount to the original investment.

Key Points: 
  • In May, 2015, MILC acquired an activated carbon plant (the MHC Plant) out of bankruptcy at a steep discount to the original investment.
  • As previously announced, MILC has now completed the liquidation of its investment in SMC Global which represented its sole investment in securities.
  • ABOUT MILLENNIUM INVESTMENT & ACQUISITION COMPANY INC.
    Millennium Investment and Acquisition Co. Inc. (ticker: MILC) is an internally managed, non-diversified, closed-end investment company.
  • During 2020, MILC announced that it was seeking to de-register as an Investment Company that is regulated under Investment Company Act of 1940.

Millennium Investment & Acquisition Company, Inc. Establishes Presence in Oklahoma with a Cannabis Cultivation Facility

Retrieved on: 
Friday, June 11, 2021
Finance, Money, Economy, Financial markets, Investment, Real estate investment trust, Rate of return

This property has significant potential to become a low-cost producer of high-quality cannabis to compete effectively in the Oklahoma market.

Key Points: 
  • This property has significant potential to become a low-cost producer of high-quality cannabis to compete effectively in the Oklahoma market.
  • Oklahoma is a relatively new cannabis market and due to its open licensing represents an interesting opportunity.
  • This investment positions MILC for attractive risk adjusted returns and by working with Power REIT provides significant leverage to its investment.
  • ABOUT MILLENNIUM INVESTMENT & ACQUISITION COMPANY INC.
    Millennium Investment and Acquisition Co. Inc. (ticker: MILC) is an internally managed, non-diversified, closed-end investment company.

Millennium Investment & Acquisition Company, Inc. Announces Initial Foray into Cannabis Cultivation

Retrieved on: 
Monday, May 24, 2021
Entheogens, Euphoriants, Medicinal plants, Cannabis, Cannabis smoking, Psychoactive drugs, Rosids

WC is led by Jared Schrader, an experienced cannabis cultivation operator with a solid track record.

Key Points: 
  • WC is led by Jared Schrader, an experienced cannabis cultivation operator with a solid track record.
  • Mr. Schrader grew revenue at a Colorado cannabis cultivation facility from annual revenue of $150,000 to weekly revenue of over $150,000 (i.e.
  • Jared Schrader, Walsenburg Cannabis President, commented, The Property is subdivided into five parcels that each have local approval for the cultivation of cannabis.
  • ABOUT MILLENNIUM INVESTMENT & ACQUISITION COMPANY INC.
    Millennium Investment and Acquisition Co. Inc. (ticker: MILC) is an internally managed, non-diversified, closed-end investment company.