IIPR stock news

As of late, it has definitely been a great time to be an investor of Innovative Industrial Properties, Inc. (IIPR). Read more
Zacks Value Trader Highlights: Facebook, Booking, Canada Goose, Pioneer Natural Resources and Innovative Industrial Properties Read more
By The Fresh Toast 's David Hodes, provided exclusively to Benzinga Cannabis . Investing in marijuana stocks is risky these days, so why is CalPERS sinking more money into major cannabis companies? It’s been clear for some time now that investing in cannabis stocks has not gone so well. So why is the California Public Employees Retirement Systems (CalPERS) — the biggest public pension fund in the U.S. with 1.9 million members and $373 billion in retirement funds — upping its investments in major cannabis companies, such as Tilray (increased to 25,400 shares from a beginning of 1,617 shares in 2018), GW Pharmaceuticals (increased to 63,900 shares from 37,100 shares in 2018) and Innovative Industrial Properties (increased to 36,212 shares from 11,671 shares in August, 2019)? All three of those stocks have taken major hits this year since their respective highs in 2018. Tilray looked like a good selection at first. It was the first cannabis company to do an U.S. initial public offering on Nasdaq in July, 2018, raising $153 million. Read more
Green Thumb Industries Inc. (CSE: GTII) (OTC: GTBIF ) has closed a sale-leaseback agreement for a Toledo, Ohio processing facility with medical cannabis real estate company Innovative Industrial Properties, Inc. (NYSE: IIPR ). The agreement is for $2.9 million, not including transaction costs, according to a Monday press release from Innovative. Benzinga's Cannabis Capital Conference returns to Miami Feb. 24-25 with North America's largest B2B cannabis gathering, bringing together capital, cannabis executives, thought leaders and more! The closing serves as the latest example in the rising trend … Full story available on Benzinga.com Read more
Cresco Labs (CSE:CL) (OTC: CRLBF ) said Tuesday it has finalized the agreement to sell its Ohio-based Yellow Springs property to Innovative Industrial Properties (NYSE: IIPR ). The sale price was set to around $10.5 million when counting financing for extra tenant enhancements. The property covers around 50,000 sq. feet of industrial space. At the same time, the company will sign a long-term, triple net lease agreement with Innovative Industrial Properties and will keep on running the property … Full story available on Benzinga.com Read more
The company increased its secondary stock flotation from 2 million shares to nearly 3 million, and set the share price for the offering. Read more
Shares of Innovative Industrial Properties Inc. dropped 4.5% in premarket trading, after the real estate investment trust (REIT), which focuses on properties… Read more
Innovative Industrial Properties, Inc. (NYSE: IIPR ) said Wednesday it has finalized the acquisition of a property in Richmond, Virginia, which should account for 82,000 sq. feet of industrial space. The purchase price for the property was set to around $11.8 million without transaction expenses. In addition, the company signed a long term, triple-net lease agreement with a Green Leaf Medical subsidiary, which should run the property as a licensed cannabis cultivation, processing and dispensing facility. Innovative Industrial Properties will also grant compensations for the completion of the property’s development in the amount of up to $8 million. With full compensation, the company’s investment in … Full story available on Benzinga.com Read more
While cannabis investors lost a lot of wealth last year, one stock continued to deliver staggering returns—Innovative Industrial Properties (IIPR). Read more
Innovative Industrial Properties, Inc. (NYSE: IIPR ) said Tuesday it has hired Mary Allis Curran to its board of directors. Curran has 25 years of professional experience at MUFG Union Bank, N.A., where she occupied various executive-level roles, such as Executive Vice President and Head of the Private Bank at Union Bank. During her time at Union Bank, she helped boost the performance of Union Bank’s Wealth Management. At the moment, Curran is also on the Board of Directors, Audit Committee, and Enterprise Risk Committee of Banc of California, … Full story available on Benzinga.com Read more
2019 has been an extremely tough year for the cannabis sector. We have seen the strongest and longest pullback in its entire history. Luckily for a select few companies, their businesses have continued to flourish and 2020 is looking even… Read more › Read more
Innovative Industrial Properties, Inc . (NYSE: IIPR ) said Monday it finalized two sale-leaseback transactions with GR Companies Inc. subsidiaries for two properties in Pennsylvania and North Dakota. These two properties combined cover around 105,000 sq. feet of industrial space, and the purchase price was set to around $24.1 million in total. At the same time, Innovative Industrial Properties signed a long-term, triple-net lease agreement for each property with Grassroots subsidiary, which would persist to run the properties as cannabis cultivation and processing facilities. Grassroots should finish additional tenant improvements for the properties, such as 35,000 sq. foot renovation at the … Full story available on Benzinga.com Read more
The Zacks Analyst Blog Highlights: Innovative Industrial Properties, Aphria, Square and GW Pharmaceuticals Read more
Gainers Columbia Care (OTC: CCHWF ) shares increased by 4.11% to close at $2.28. Innovative Industrial (NYSE: IIPR ) shares rose 0.39%, to close at $77.71. Akerna (NASDAQ: KERN ) shares rose 21.45%, to close at $9.06. KushCo Holdings (OTC: KSHB ) shares rose 0.56%, to close at $1.78. Supreme Cannabis Co (OTC: SPRWF ) shares rose 0.35%, to close at $0.51. Trulieve Cannabis (OTC: TCNNF ) shares gained 1.63%, closing at $13.13. Losers Aurora Cannabis (NYSE: ACB ) shares dropped by 2.4%, to close at $2.44. Aphria (NYSE: APHA ) shares dropped by 2.0%, to close at $4.64 amid news of securing an additional $80 million in financing . Canopy Growth (NYSE: CGC ) shares tumbled by 2.47%, eventually closing at $18.13. Cresco Labs (OTC: CRLBF ) shares dropped by 3.44%, to close at $5.33. Cronos Group (NASDAQ: CRON ) shares fell 5.11% to close at $6.50. CannTrust Holdings (NYSE: Full story available on Benzinga.com Read more

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