Millennium Sustainable Ventures Corp. Announces Expansion of its Footprint with a 1.1 million square foot Greenhouse Facility

Immediate Plans to Commence Cultivation of Tomatoes
Introduction of Millennium Produce as a New Operating Segment

Old Bethpage, New York, April 01, 2022 (GLOBE NEWSWIRE) -- Millennium Sustainable Ventures Corp. (Ticker:MILC) (“MILC” or the “Company”) today announced that it is expanding its sustainable greenhouse cultivation activities by establishing its first produce related operations. A subsidiary of MILC, Millennium Produce of Nebraska LLC, (“Millennium Produce”), has executed a long-term lease (the “Lease”) for an approximately 1.1 million square foot greenhouse cultivation facility located in O’Neill, Nebraska (the “Property”). The Lease was entered into upon the acquisition of the Property by Power REIT (Ticker: PW and PW.PRA). David H. Lesser, MILC’s Chairman and CEO is also Chairman and CEO of Power REIT. As part of the transaction, Power REIT has agreed to fund capital improvements of approximately $534,000 for the initial phase of improvements, which includes costs related to the replacement of energy curtains.