ADDISON AG TECH, LP MAKES INVESTMENT FOR MICHIGAN CANNABIS DEVELOPMENT

by B Max Harvey

Michigan Cannabis land development is getting a disruptive investment and boost in the form of targeted Private Equity investors in the Agriculture Technology Sector. Addison AG Tech, LP announces that it will be making an investment into the Addison Development Project in Addison, MI. We are going to create a Zero Waste Facility that grows products more efficiently and cleaner and that forecasts to produce over 100,000 pounds per year.

Late in 2020 during a global pandemic, Land Developer 237 Addison, LLC purchased 24 acres of farmland in Addison, MI to create a high-tech agricultural technology development that would serve all indoor types of grow. One of the targets is the creation of an indoor cannabis grow facility.

We have seen facilities around the state of Michigan that are upwards of $20+ Million Dollars. Think about that for a moment- a 40,000 sq. ft. building in Michigan zoned in a cannabis overlay district for $500 dollars per sq. ft- That simply doesn’t make sense. We use science, technology, and sound development budgeting to ensure that we produce a great product for a fraction of that price said a representative for the Fund.

We have agreed to provide funding for Addison Development to complete construction of their 40,000 sq. ft. facility. They have signed a lease agreement with a grower that allows flexibility when or if cannabis is removed from federally illegal schedule 1 narcotics. There has been a significant shift in attitude relating to cannabis. The public and the United States is ready for a change form an outdated 1970’s era law that proved to be ineffective and only hindered science and medical research and medical relief for hundreds of thousands. At the time of prohibition, the US was alone in banning alcohol around the country, while other nations did not ban alcohol. However, cannabis was banned around the world. Now, we are seeing the shift in attitude towards cannabis and that is why we believe that the emergence of cannabis around the country will be similar to how alcohol emerged after prohibition. The difference here is that cannabis is still federally illegal, but states are seeing the upside from cannabis sales that put Michigan over a billion dollars of revenue in the first year of recreational sales during a global pandemic.

The Addison Development AG Tech, LP Fund has agreed to provide capital for an undisclosed term to complete buildout of Phase 1 of the Addison Development Project. Prior to the land purchase, developer B. Max Harvey worked with the Village of Addison to ensure the overlay district for this project had approved zoning and licensing guarantees. We sought site approval and wanted to make sure that we had the consent of the Village to build a facility that would help create jobs. The Village was gracious to help partner in developing this land by committing 60 Class C Medical and Recreational grower licenses to the overlay district, said Brad Fredrick Real Estate Broker of Gill Henry and Associates, Inc. who sold the land to the developer. This commitment by the Village indicates their desire for job creation in the Village of Addison, and that’s exactly what we are helping to facilitate.

This facility was designed with science and technology, not a drum circle of advisors. The goal is to provide green energy solutions with a cost-effective balance that creates efficiency in grow and build out that can be scaled across the 24 acres and into other states to create one of the most efficient multi state operators in the cannabis industry.

From 100% recycled nutrient water to efficiently grown cannabis we are going to disrupt the cannabis market. We have created a solid foundation of experts from lighting to HVAC heat pumps and geothermal loop that will make this the one of the most efficient builds and producers utilizing green energy sources with Zero Waste Facility. 

The Addison AG Tech, LP is an exempt regulation D offering pursuant to rule 506 (c) and filed with the Securities and Exchange commission. The fund term sheet indicates that investors will receive and 8% Preferred Return and a 17.2% IRR. Construction on the site began in November 2020 and is slated to be completed in late June 2021.

For more information regarding investment into the Addison Development AG Tech, LP, please contact investor relations representative at [email protected] or visit www.AddisonDevelopmentPark.com