Phoenix, AZ (MJbizwire) November 7, 2014
Scientific Botanical Leasing (SBL) www.sblcompany.com is a development stage company currently operating in medical marijuana real estate management. The company focuses on acquiring and retrofitting properties specifically for marijuana cultivation that are leased to state licensed medical marijuana dispensaries. Scientific Botanical Leasing has acquired its first property at the Deer Valley Airport industrial center, Phoenix, Arizona. This 40,000 square foot facility will provide secure, licensed, permitted, state of the art growing space for medical marijuana cultivation. In addition, the Company is under contract to purchase a site and is processing entitlements for a 400,000 square foot facility in metropolitan Phoenix, Arizona.
The CEO of Scientific Botanical Leasing, Brent Nerguizian marked this initial purchase with, “The efforts of the City of Phoenix and the State of Arizona to assure medical marijuana patients with an organic supply of quality product have helped to support SBL’s acquisition of the Deer Valley cultivation facility. We are excited about our mission to provide a state of the art cultivation facility for our dispensary tenant, and the medical marijuana patients they serve. The farsighted vision of the City Planning and Zoning Department will be a tremendous asset in developing a model cultivation facility for compliance, security and its economic development contribution.”
The Deer Valley cultivation facility is the first step for Scientific Botanical Leasing in its acquisition phase to secure and develop cultivation facilities. The investment thesis of SBL is that similar markets such as Colorado and Washington have seen a substantial increase in the value of cultivation buildings, and the economies of scale and pricing advantage that such facilities will allow the dispensary tenants.
More information about Scientific Botanical Leasing and investor inquiries can be obtained at www.sblcompany.com.
Scientific Botanical Leasing develops large scale medical marijuana cultivation and infused product manufacturing facilities that are leased to state licensed dispensaries in Arizona, and potentially other states.
23623 N. Scottsdale Rd., D3269
Scottsdale, AZ 85255