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StereoVision to list $50M hemp farming REIT on NYSE

StereoVision Entertainment Inc. plans to list a $50 million real estate investment trust on the NYSE that will acquire irrigated land for its CannaVision unit's organic hemp farming plan.

To file the listing with the SEC, the development-stage diversified media entertainment company retained securities law firm Dieterich and Associates and set up OrganaCanna Property Management. The REIT will acquire land that CannaVision will lease in the long term, and StereoVision plans to secure a midmarket securities broker/dealer to sponsor the trust.

OrganaCanna is expected to generate management fees for StereoVision. The newly formed Florida C corporation will be led by Wall Street veteran and StereoVision board member Steven Previch as president and its advisory board will include multigenerational farmer David Hegland, agronomist Marc Ellenby and real estate broker/investor C. Dennis Markley, StereoVision CEO Jack Honour said in a release.