Business
Metrospaces to Focus Investment Strategy on CannPartners for Cannabis-Related Real Estate
Metrospaces to Focus Investment Strategy on CannPartners for Cannabis-Related Real Estate.
About this update from Metrospaces, Inc.
[{"type":"text","content":"\nNEW YORK, NY, Dec. 10, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Metrospaces, Inc. (OTC PINK: MSPC) today announces a management decision to focus capital resources to its Cannabis-related real estate Company, CannPartners.\n Mr. Oscar Brito, Company Executive President, said: “The continuing legalization of medical and recreational cannabis growing and distribution will continue in the US for the foreseeable future.  Many investors are focusing on the grow, distribution and ancillary industries such as paraphernalia etc.  However, even with the billions of dollars currently being invested in the cannabis industry, there are very few institutional investors solely focusing on the cannabis-related real estate side of the business.  In our opinion, this represents a once-in-a-generation opportunity to buy distressed and real estate located in out-of-favor locations across the U.S. Because the grow side of the business and even retail side, don’t require prime, expensive locations, excellent acquisition and repositioning opportunities are showing up in certain markets.  However, these assets, once in operations can generate prime-like real estate revenue.  This represents an ideal investment scenario in real estate. With our many years of combined real estate investment experience, we feel our Company is uniquely positioned to take advantage of this nascent market.” The IQST (OTC: IQST) strategy has afforded us the experience to buy into real estate related operations, infuse capital and acquisition opportunities, that later generate excess ROIs. By individually listing IQSTel public via a merger, we now have generated capital that can be invested in other industries. Even though we intend to be long-term investors in IQSTel, we foresee the opportunity to leverage our position through the public markets, so we can fund new investment strategies. We expect the cannabis-related real estate industry to be a big focus in the coming weeks and months for the Company. The Company is currently looking at 2 properties, one in Connecticut and one in California. Additionally, we are keeping a strong focus on the NY market, since expectation is high that this will be one of the next states to legalize recreational cannabis. We are in advanced talks for an acquisition of those properties. The...