Innovative Industrial Properties, Inc.

Tilray (TLRY) stock fell as much as 5.5% last week, while Supreme Cannabis (SPRWF) fell ~4.4% in the week ending May 3.

As of March 22, the median forward EV-to-sales multiple of cannabis players was 7.0x.

On March 12, Innovative Industrial Properties’ board declared its first-quarter dividend. The company declared a dividend of $0.45 per share.

In this article, we’ll discuss valuation multiple updates for other cannabis stocks that have gained investors’ attention lately.

Innovative Industrial Properties (IIPR) is set to report its third-quarter results tomorrow. IIPR stock, up 67.2% year-to-date, has been investor favorite.

In the week ending April 5, the overall cannabis sector ended in the positive territory. HMMJ rose ~0.93% last week.

The broader cannabis sector has traded largely in the negative so far on April 8 as investors have continued to be bearish.

In this part of our cannabis valuation series, we’ll discuss the multiples of the remaining cannabis stocks and compare them to the peer (MJ) median of 24x.

On March 13, during the first half of the day, the overall cannabis sector traded higher.

The cannabis sector has continued to struggle on the last day of April, and it may very well end up in negative territory.

Canada legalized cannabis in October 2018, so investors expected 2019 to drive marijuana sales. However, the fate of the industry took a sharp turn.

While the overall cannabis sector experienced weakness on April 23, some stocks managed to gain some positive momentum in the first half of the day.

Innovative Industrial Properties (IIPR) is scheduled to release its Q3 earnings results on November 6. Find out what cannabis investors can expect.

Last week, the overall cannabis sector remained subdued. Sector ETFs, such as the Horizons Marijuana Life Sciences ETF (HMMJ), closed about 8.15% lower.

The cannabis industry has been on a rollercoaster ride this year. CannTrust, Tilray, and KushCo stocks have fallen more than 40% in 2019.

It looks like cannabis stocks had a great day. Innovative Industrial Properties (IIPR), Cronos Group (CRON), and Tilray (TLRY) are all surging today.

In its Q2 earnings report today, Tilray reported a 371% YoY revenue increase to $45.9 million. Tilray beat analysts’ estimate of $41.1 million in revenue.

Canopy Growth (CGC) (WEED) and Cronos Group (CRON) are set to release their earnings next week. The cannabis sector has been on a roller coaster this year.

Marijuana products are top-rated among Americans. Illinois will see recreational marijuana products for sale on January 1.

A recent Gallup poll data found that nearly 66% of Americans support making cannabis legal. However, this figure was the same as in 2018. This suggests a standstill in the rise in support of cannabis legalization. Moreover, nine states will be voting in 2020 on measures to allow cannabis for recreational or medical use. The […]

Last week, Innovative Industrial Properties (IIPR) offered $125 million in senior notes, giving initial investors the option to exercise $18.75 million in additional principal amount notes.

Colombia legalized medical marijuana in 2015. Now, it’s working on its booming medical cannabis industry. Let’s take a look at how.

On August 8, Tilray announced that it had received approval to import cannabis into the US to conduct two clinical trials related to cannabidiol.

In the previous part of this series, we saw that most cannabis stocks (MJ) were trending lower today, but there were some gains as well.

The cannabis sector has seen a bit of a Jekyll and Hyde situation in 2019. In the first half, cannabis ETFs rose, but in the second half, they plummeted.

On May 2, the overall sentiment surrounding the cannabis sector appeared to be negative.

KushCo Holdings will likely report its third-quarter results on Wednesday. The company will have an earnings call before the market opens.

On June 30, Innovative Industrial Properties announced its decision to raise additional capital of $225 million through a public offering of its common stock.

Innovative Industrial Properties has continued its aggressive expansion. IIPR acquired a new property in Pennsylvania from Holistic Industries.

In New Zealand, marijuana legalization’s fate depends on the September general elections. The country has a final bill to put on the ballot.

On May 6, Innovative Industrial Properties reported its first-quarter results after the market closed. The company posted an adjusted EPS of $0.72.

IIPR will likely report its first-quarter earnings, which ended on March 31, after the market closes on May 6. So, should you buy the stock?

We still don’t know how COVID-19 will impact marijuana companies. Their sales will likely keep rising in May if lockdowns and stay-at-home orders continue.

Hexo (TSE:HEXO) reported its second-quarter earnings on March 30. For the quarter, the company missed analysts’ revenue expectations marginally.

Aurora Cannabis (NYSE:ACB) is one of the few cannabis companies that has lost more than half of its market capitalization this year.

As the markets start to rebound, three cannabis stocks could deliver strong returns. Cannabis sales have increased amid the coronavirus outbreak.

Charlotte’s Web Holdings (NYSEARCA:CWEB) will report its earnings for the fourth quarter of 2019 before the market opens on March 24.

On March 16, Roth Capital initiated coverage on Innovative Industrial Properties (NYSE:IIPR) with a “buy” rating and a stock price of $110.

As of March 11, Innovative Industrial Properties (NYSE:IIPR) was trading at $76.96—a rise of 1.4% since the beginning of this year.

On Wednesday, IIPR reported its fourth-quarter earnings. The company reported revenues of $17.7 million, which beat analysts’ expectations of $14.4 million.

IIPR will report its results for the fourth quarter of 2019 today after the market closes. Analysts expect the company to post revenue and EPS growth.

Yesterday, IIPR announced that it bought a licensed cannabis processing facility in Toledo, Ohio, from Green Thumb Industries for $2.9 million.

Innovative Industrial Properties, Inc. (IIPR) is the first company to focus on investing in real estate for medical marijuana companies. The company combines investments from investors and purchase real estate. Then, it leases it to companies that produce and sell medical marijuana. The portfolio of the company specializes in cannabis industry sites and greenhouse facilities. […]

While cannabis investors lost a lot of wealth last year, one stock continued to deliver staggering returns—Innovative Industrial Properties (IIPR).

On June 25, Illinois governor J.B. Pritzker signed a bill approving marijuana use for everyone over 21 years old. The law became effective on January 1.

Green Thumb Industries (GTII) (GTBIF) is a cannabis CPG (consumer packaged goods) company and retailer with headquarters in Chicago, Illinois.

Today, the cannabis sector was trading in the red, with multiple ETFs losing ground. Here, we’ll have a look at cannabis stocks that are in the news today.

Since Florida legalized medical marijuana, business is booming. In September, the state had 22 licensed vertically integrated medical cannabis operators.

On Wednesday, CannTrust (CTST) stock fell almost 22.5% after new information came to light. The information came from a report by The Globe and Mail.

Today, the cannabis sector was trading in the red despite the broader US equity market trading in the green. Here’s what’s going on.

Although near-term weakness exists in the cannabis stocks, we expect Cannabis 2.0 products or cannabis-derived products could act as a catalyst.

US-based vertically-integrated cannabis player Cresco Labs is set to report its fiscal 2019 third-quarter results on November 26.

Canopy Growth (WEED)(CGC) got a rare upgrade to “buy” from Bank of America today. Find out what drove the change—and what’s next.

After falling for the first two days this week, the cannabis sector maintained that weakness today. Let’s look at some cannabis stocks that are in the news.

As of November 8, IIPR was trading at $85.22, which represents an increase of 17.4% since its third-quarter earnings release on November 6.

Charlotte’s Web Holdings (CWEB) (CWBHF) will report third-quarter earnings before the market opens on November 13. Let’s look at analysts’ expectations.

The cannabis sector’s down despite strong broader-market performance. Between IIPR, Aurora, Canopy Growth, and KushCo, only this one stock is up today.

Yesterday, Innovative Industrial Properties (IIPR) reported its Q3 earnings results. The company beat analysts’ revenue and EPS estimates.

On October 30, Wisconsin lawmakers introduced a bill to decriminalize marijuana possession. Here are five things to know about Wisconsin and legalization.

CNBC reports that Chinese officials aren’t confident of sealing a long-term US trade agreement. The cannabis sector was trading in the red today.

Innovative Industrial Properties (IIPR), the first real estate investment trust in the medical marijuana segment, used $17 million to buy a cannabis cultivation facility in Florida. IIPR buys and rents industrial warehouses in the cannabis sector. More about the deal On October 23, 2019, IIPR bought a 120,000-square-foot property with five-building cultivation establishment for $17 […]

After closing in the red yesterday, the US equity market was trading marginally higher today. The cannabis sector is also up—and here’s why.

When May 1, 2020, rolls around, you’ll won’t be able to smoke hemp in North Carolina legally. Just yesterday, the North Carolina House passed the North Carolina Farm Act with revisions to restrict smokable hemp. Why was it banned? The smokable hemp ban was widely supported by law enforcement agencies. Law enforcement officers might find […]

Cannabis ETFs, which fell yesterday, showed some recovery today. Also, the majority of the cannabis stocks were trading in the green.

Although the broader equity market was flat, most of the cannabis stocks were trading in the red, as Aurora Cannabis fell 1.2% and Canopy Growth slid 2.2%.

At 12:50 PM ET, the S&P 500 Index and the Dow Jones Industrial Average were down 0.6% and 0.3%. Cannabis stocks showed mixed performances.

On September 24, Aleafia Health (ALEF) (ALEAF) announced that it expects to report positive net profits in the third quarter.

The markets were flat today as the Fed started its two-day meeting. Cannabis ETFs reported mixed performance, and cannabis stocks traded mostly in the red.

There’s a new law for medical cannabis in Oklahoma. The new law aims to regulate product labeling and drug testing policies.

The new tariffs saw the broader equity market trading in the red today. However, the cannabis sector was trading in the green.

Cannabis legalization is a hot topic. With the sudden boom in the cannabis industry, legalization at the national level is vital.

Aphria (APHA) reported excellent fiscal 2019 fourth-quarter earnings results this month, after which its stock saw a huge boost.

Canopy Growth (CGC) (WEED) is scheduled to announce its results for the first quarter of fiscal 2020 after the market closes on Wednesday.

The trade war might impact the marijuana industry. The US-China trade war has been an ongoing issue. President Trump imposed tariffs on China in May.

Bernie Sanders versus Joe Biden! Who do you think has a better marijuana campaign? The 2020 presidential election is heating up.

President Trump might be waiting to use cannabis as a key platform during the upcoming election. Cannabis is a hot sector right now!

The cannabis industry has been in the spotlight this year, and now the FBI is investigating allegations of corruption in this nascent industry.

Canopy Growth’s weak results weighed on the entire cannabis sector. Most of the cannabis stocks were in the red on Thursday.

The cannabis industry has become a favorite among investors. The industry saw a boom due to easing regulations. Major players have shown growth potential.

President Trump hasn’t shared his views on marijuana yet. However, the US 2020 election is heating up. Many Democratic candidates have chosen marijuana legalization as a political platform. President Trump and the 2020 presidential election  Some of the candidates have shared their views on marijuana legalization. Recently, we discussed what Bernie Sanders said about marijuana. […]

Innovative Industrial Properties (IIPR) reported strong earnings results yesterday for the second quarter of 2019. Here’s what drove the results.

So far, Innovative Industrial Properties (IIPR) stock has been impressive in 2019. The stock has gained almost 126% year-to-date.

Aurora Cannabis (ACB) announced that it’s increasing its secured credit facility to 360 million Canadian dollars from $200 million Canadian dollars.

Jim Cramer, the widely followed host of CNBC’s Mad Money, shared his views on the cannabis sector. He thinks that cannabis is hot right now.

Today, MedMen Enterprises (MMEN) (MMNFF) reported its unaudited revenue for the fourth quarter of fiscal 2019.

Generally speaking, the cannabis sector’s valuations have taken a hit due to weak earnings. Recently, Aphria (APHA) posted better-than-expected earnings.

Tilray (TLRY) is scheduled to release its second-quarter results today after the market closes. Lately, Tilray stock has been off the radar.

Cresco Labs is due to report its Q2 earnings on August 21 after the market closes. A week ahead, it received regulatory approval for a New York deal.

Yesterday, Cronos Group (CRON) reported better-than-expected second-quarter sales, but its operating loss widened.

When it reported its fiscal 2019 fourth-quarter results last week, Aphria (APHA) shared updates on its LATAM acquisition and its sales strategy.

Arizona Beverages announced that it entered the cannabis market. The company signed a three-year licensing agreement with Dixie Brands.

Cronos Group (CRON), Innovative Industrial Properties (IIPR), and Aphria’s (APHA) recent earnings are moving cannabis stocks.

Innovative Industrial Properties (IIPR) is scheduled to announce its second-quarter results after the market closes on Wednesday.

Innovative Industrial Properties (IIPR) continued to slump on July 22. The stock lost almost 6.8% of its value on the day.

On Thursday, Innovative Industrial Properties (IIPR) announced that it will issue approximately 1.3 million common shares to the public.

On Tuesday, Innovative Industrial Properties (IIPR) gained nearly 6.2% and closed at $132.3. The stock has risen since the beginning of June.

Yesterday, HEXO (HEXO) ended the day about 4.5% lower after Oppenheimer cut the company’s ratings to “perform” from its previous “outperform” rating. HEXO was one of the best performers among the Canadian cannabis companies with a YTD return of 53%, which is still impressive when compared with Tilray (TLRY), which is in the negative territory YTD.

Innovative Industrial Properties (IIPR) has seen some of the strongest momentum in June. The stock has gained almost 54%. On June 25, the stock rose 5.9%.

Innovative Industrial Properties has consistently traded at a premium to the peer median since August 2018. Currently, the company’s forward EV-to-sales multiple is trading at 20x.

As of June 21, Aurora Cannabis was trading at 13.9x. Over this period, the peer median was also trading lower at 5.8x, which was almost 9.5% lower than our previous update. Thus, Aurora Cannabis has been pretty resilient compared to its peers.