PRESS RELEASES SAN DIEGO–(BUSINESS WIRE)– Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Lakeland, Florida from an affiliate of Parallel, one of the largest […]
Banking, Finance & Real Estate
Innovative Industrial Properties Acquires Michigan Property and Expands Real Estate Partnership with Holistic Industries
PRESS RELEASE IIP Expands Property Portfolio to 62 Properties in 16 States Comprising Over 4.7 Million Square Feet AN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition […]
Jushi Holdings Inc. Reports Second Quarter 2020 Financial Results
PRESS RELEASE Second Quarter 2020 Revenue Increases 73% Sequentially to $14.9 million; Reports Continued Strong Gross Profit of $7.5 million and Gross Margins of 50%; Announces Filing of Preliminary Base Shelf Prospectus to Provide Financing Flexibility; Provides Updated FY 2020 and FY 2021 Outlook Boca Raton, Florida – August 27, 2020 – Jushi Holdings Inc. […]
Raising Cannabis Funds and Staying Out of Jail: Asking Yourself the Right Questions
By Jonathan Bench If you have spent much time around the world of private capital raising, then you know that there are only two avenues for a company that wants to bring on investors. Either you register your capital offering (equity, debt, or some hybrid) or you find a state or federal filing exemption that […]
Innovative Industrial Properties Expands Real Estate Partnership with AWH at Illinois Property
PRESS RELEASE AN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease with a subsidiary of Ascend Wellness Holdings, LLC (AWH) at the property located […]
Tilray Misses After Top Marijuana Stock Canopy Growth Beats
Marijuana stocks reported mixed results Monday, as Tilray’s (TLRY) Q2 loss was far worse than forecasts, while Canadian cannabis giant Canopy Growth (CGC) beat fiscal Q1 views. The companies report results as Canada’s marijuana industry deals with lower weed prices — as rivals feed the market with cheap brands to compete with illegal sales — […]
How CO HB1090 Cements Importance of Due Diligence in the Cannabis Industry
Colorado House Bill 19-1090 has dramatically altered cannabis business ownership and investment across the Centennial State. Prior to its passage in late 2019, ownership in a Colorado marijuana business was limited to private companies of 15 or fewer individual owners. Regardless of an individual’s percentage of ownership or control, every owner was required to pass […]
LeafLink Debt Deal Shows Cannabis Entering a New Phase
LeafLink, a wholesale marketplace for cannabis, closed a $250 million credit facility, marking one of the largest debt deals to date as the nascent marijuana industry ventures into the world of credit. Marijuana stocks rode highs from late 2017 to 2018, as investors sought to enter the budding business that was emerging from prohibition as […]
Innovative Industrial Properties Acquires New Jersey Property and Enters Into Long-Term Lease with Curaleaf
PRESS RELEASE IIP Expands Portfolio to 4.5 Million Square Feet in 16 States SAN DIEGO–(BUSINESS WIRE)– Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in […]
Preparing For the Cannabis Investment Boom Version 3.0
By Trent Overholt As many businesses throughout the U.S. went into survival mode in March due to the financial pinch of the health crisis, the cannabis sector has shown its ability to withstand operational challenges and capture increased demand from consumers to emerge stronger than ever. In the beginning of quarantine, cannabis was deemed by […]
