Detail akcie Praetorian Property online

Business Summary: Praetorian Property, Inc., formerly Cannabis-Rx, Inc., is involved in the real estate operations. The Company is engaged in the business of acquiring a portfolio of distressed properties in certain areas at discounts, rehabilitating its properties and selling or leasing them. It caters to the real estate needs of the regulated cannabis industry, in states and other locations. The Company intends to purchase real estate assets, and lease growing space and related facilities to licensed marijuana growers and dispensary owners for their operations. It owns approximately 70 properties, which include over 50 rehabilitated and sold or are under contract for sale and over 10 rehabilitated and are listed for sale. The remaining approximately 10 properties are in the process of rehabilitation. It owns approximately three classes of real estate, including single family, multi-family and commercial, which are located in Florida, Illinois, California, Ohio, Michigan and Washington.
Financial Summary: BRIEF: For the nine months ended 30 September 2015, Praetorian Property Inc revenues increased 35% to $12.9M. Net loss totaled $17K vs. income of $284K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net loss reflects Gain on settlement of loan receivable decrease from $72K (income) to $0K, Management fees and expenses increase of 51% to $164K (expense).