Adam JacksonSeptember 2, 2022
The real estate investment trust acquired a grow facility in Massachusetts for $21.5 million to lease to Curaleaf.
Tag: Innovative Industrial Properties
Adam JacksonSeptember 2, 2022
Debra BorchardtAugust 24, 2022
Make money with dividends while waiting for cannabis stock prices to recover from a long bear market
Debra BorchardtJune 16, 2022
Texas Original Holdings, LLC (Texas Original) is the latest cannabis company to sell its property to Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) and then enter into a long-term lease. The purchase price for the property was approximately $12.0 million (excluding transaction costs), which was derived from costs Texas Original incurred to acquire the 25 acres […]
StaffMay 5, 2022
After the market closed on Wednesday, Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced results for the first quarter ending March 31, 2022. The cannabis REIT delivered total revenues of approximately $64.5 million in the quarter, representing a 50% increase from the prior year’s quarter. However, it missed the Yahoo Finance Average analyst estimate for […]
Debra BorchardtApril 15, 2022Blue Orca Capital, named for the killer fish, issued a short-seller report on cannabis REIT Innovative Industrial Properties (NYSE: IIPR) on Thursday. The stock fell over 7% on Thursday to close at $169.68 near its 52-week lows. Markets in the U.S. are closed on Friday for the Good Friday holiday. Parallel Exposure The report wrote, […]
Debra BorchardtMarch 30, 2022
Parallel Cannabis’s debt issues have been exposed in the company’s lawsuit with some disgruntled investors. The lawsuit outlined the company’s defaults on its debt obligations and Curaleaf (OTC: CURLF) also noted in its filings that Parallel was no longer buying its Illinois properties saying it had “received correspondence from Parallel’s attorneys indicating that it will […]
Debra BorchardtFebruary 23, 2022Innovative Industrial Properties, Inc. (NYSE: IIPR) announced results for the fourth quarter and year ended December 31, 2021. IIP generated total revenues of approximately $58.9 million for the three months ended December 31, 2021, versus approximately $37.1 million for the same period in 2020, an increase of 59%. This beat the Yahoo Finance average analyst […]
Debra BorchardtFebruary 7, 2022Last week Innovative Industrial Properties, Inc. (NYSE: IIPR) announced that its operating partnership, IIP Operating Partnership, LP had launched a $300 million offering, but on Friday after the market closed, the company quietly pulled it. The company’s filing stated that it “determined not to proceed with its proposed public offering of $300 million of senior […]
StaffNovember 4, 2021
After the market closed on Wednesday, cannabis REIT company Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) reported its third quarter earnings with total revenues growing 57% to $53.9 million over the prior year’s third quarter. This beat that average analyst estimate on Yahoo Finance for revenue of $52 million. The stock was rising by over […]
StaffOctober 18, 2021
Innovative Industrial Properties, Inc. (IIP)(NYSE: IIPR) has purchased a 201,000 square foot industrial property in Desert Hot Springs, California from Gold Flora, LLC for $51 million. Gold Flora will then lease the building and is expected to complete additional improvements for the property, for which Innovative Industrial has agreed to provide reimbursement of up to […]
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