Cannabis Companies Entered 2021 With A Bang

Wednesday, 13 January 2021, 16:37:22
The Democratic win that joined the wave of state legalization is encouraging for the cannabis market. Based on their most recent quarterly filing, Canopy Growth Corp (NASDAQ: CGC ), Cronos Group Inc (NASDAQ: CRON ), GW Pharmaceuticals PLC (NASDAQ: GWPH ), Aphria Inc (NASDAQ: APHA ) that announced it will merge with Tilray Inc (NASDAQ: TLRY ) in mid-December and Trulieve Cannabis Corp (OTC: TCNNF ), entered 2021 with the most cash on their balance sheets. But other stocks such as Curaleaf Holdings Inc (OTC: CURLF ), Cresco Labs Inc (OTC: CRLBF ), Planet 13 Holdings Inc (OTC: PLNHF ), Innovative Industrial Properties Inc (NYSE: IIPR ) and Green Thumb Industries Inc (OTC: GTBIF ) show a lot of potential as well, along with several powerful small caps. Being Cash-Rich Is Not Is As It Seems Aphria is yet to produce a net profit but it is in a great position to expand into the U.S. market as mass legalization continues. Another catalyst for growth is its announced $4 billion merger with Tilray.
— Benzinga

Innovative Industrial Properties Expands Real Estate Partnership with Holistic Industries in California

Friday, 8 January 2021, 13:00:00
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regula
— Business Wire

Where Will Innovative Industrial Properties Be in 5 Years? | The Motley Fool

Tuesday, 5 January 2021, 12:41:00
Can this profitable marijuana company keep up its winning streak?
— The Motley Fool

Why Innovative Industrial Properties May Not Be the Best Cannabis Stock of 2021

Wednesday, 30 December 2020, 14:23:00
Pro-cannabis regulations could actually be a headwind for this market-trouncing REIT.
— The Motley Fool

IIP's Buying Spree Continues, Inks $33M Sale-Leaseback Deal With 4Front

Friday, 18 December 2020, 15:58:41
4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF ) confirmed Thursday it has finalized a sale-leaseback agreement with Innovative Industrial Properties Inc . (NYSE: IIPR ) valued at $33 million. The Phoenix, Arizona-based cannabis company sold its cultivation and production facilities in Georgetown, Massachusetts and Olympia, Washington — some 181,000 square-feet of industrial space — to Innovative Industrial Properties, or IIP. The proceeds will be utilized to pay the company’s total senior secured debt to affiliates of Gotham Green Partners. IIP, a real estate investment trust and frequent sale-leaseback dealmaker, signed a long-term, triple-net lease agreement for each 4Front property. 4Front will continue to run the Massachusetts property as a facility for cannabis operations. Furthermore, it will sublease the Washington property to a cannabis license holder. As part of this transaction, 4Front issued LI Lending LLC 12.14 million class A subordinate voting share purchase warrants with a price of $0.824.
— Benzinga