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ainbow Realty Group Closes $12M Mortgage Deal with Verano Holdings Corp.

    In a significant move, Rainbow Realty Group IV, LLC has sealed a $12 million cross-collateralized senior mortgage with Verano Holdings Corp., securing two prime cultivation and processing properties in North Las Vegas, Nevada, and Coolidge, Arizona. The deal marks a milestone for the company as it expands its footprint into new markets.

    Verano's Properties: A Hub for Cannabis Operations

    The Arizona property spans 7.44 acres, featuring three industrial buildings totaling 51,981 square feet, while the Nevada site includes a 41,625-square-foot industrial building on 4.86 acres. Both properties are critical to Verano's wholesale and retail operations in Arizona and Nevada.

    Rainbow Realty Group: A Leader in Cannabis Real Estate

    As one of the largest publicly traded U.S. cannabis companies, Verano operates in 13 states with 153 dispensaries and 15 cultivation and processing facilities spanning over 1.1 million square feet of cultivation capacity. Rainbow's VP, Tyler Gilliam, expressed excitement about working with Verano, citing the company's ability to succeed even in challenging environments.

    Rainbow's Expansion Plans

    This investment marks Rainbow's first deal in Arizona, bringing its total footprint to 12 states. The company has also funded a mortgage secured by an industrial facility in Denver, Colorado, and has completed five transactions, reaching 64% deployment as of March 2025. Fund IV is currently open to new investors until the end of April.

    About Rainbow Realty Group

    Rainbow Realty Group and its affiliates have deployed $180 million in real estate-backed transactions across the U.S., specializing in sale-leaseback and mortgage financing solutions for the cannabis industry. With a portfolio of over 50 properties across 12 states, Rainbow is a leading player in the cannabis real estate market.