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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.
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