Innovative Industrial Properties, Inc.

Latest Innovative Industrial Properties, Inc. News and Updates

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    Real Estate

    Comparing the Valuation Multiples of Cannabis Stocks

    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.

    By Adam Jones
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    Company & Industry Overviews

    Cannabis Stocks Continue to Struggle on the Last Day of April

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

    By Adam Jones
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    Cannabis

    Cannabis Sector 2019 Review and 2020 Outlook

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

    By Sushree Mohanty
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    Cannabis

    Cannabis Sector: A Week in Review for Sept 20

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

    By Adam Jones
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    Cannabis

    Which Cannabis Stocks Have Lost More than 40% in 2019?

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

    By Sushree Mohanty
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    Materials

    IIPR, CRON, TLRY Surging: A Good Day for Cannabis Stocks

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

    By Sushree Mohanty
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    Cannabis

    Tilray’s Q2 Earnings Are Out: Did It Impress?

    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.

    By Sushree Mohanty
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    Cannabis

    New Year Will Bring Legal Marijuana to Illinois Residents

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

    By Sushree Mohanty
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    New Gallup Poll on Marijuana Legalization Support

    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 […]

    By Anjana Viswanathan
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    Company & Industry Overviews

    IIPR Stock Moves Higher after New Debt Is Raised

    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.

    By Peter Neil
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    Cannabis

    Why Marijuana Is Thriving in Colombia

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

    By Sushree Mohanty
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    Cannabis

    Tilray Gets US Government’s Approval to Import CBD

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

    By Adam Jones
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    Cannabis

    Cannabis Investing in 2019: A Year of Big Reversals

    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.

    By Rajiv Nanjapla
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    Cannabis

    What to Expect from KushCo Holdings’ Q3 Earnings

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

    By Sushree Mohanty
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    Cannabis

    Innovative Industrial Properties Raises More Cash amid Crisis

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

    By Sushree Mohanty
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    Cannabis

    IIPR Acquires Another Property in Pennsylvania

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

    By Rajiv Nanjapla
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    Cannabis

    Marijuana Legalization: New Zealand Has a Final Proposal

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

    By Sushree Mohanty
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    Cannabis

    IIPR Stock Falls after Reporting Weak Q1 Performance

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

    By Rajiv Nanjapla
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    Cannabis

    Should You Buy IIPR before Its Q1 Earnings?

    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?

    By Rajiv Nanjapla
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    Cannabis

    Marijuana Investors: Forecast in May amid COVID-19

    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.

    By Sushree Mohanty
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    Cannabis

    Analysts Cut Target Prices after HEXO’s Q2 Earnings

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

    By Rajiv Nanjapla
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    Cannabis

    Should You Consider Buying Aurora Cannabis?

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

    By Rajiv Nanjapla
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    Cannabis

    3 Cannabis Stocks Investors Should Watch as Markets Rebound

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

    By Rajiv Nanjapla
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    Cannabis

    What to Expect from Charlotte’s Web’s Q4 Earnings

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

    By Rajiv Nanjapla
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    Cannabis

    Roth Capital Initiates Coverage on IIPR with a ‘Buy’ Rating

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

    By Rajiv Nanjapla
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    Cannabis

    IIPR Looks Promising amid Struggling Cannabis Sector

    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.

    By Rajiv Nanjapla
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    Cannabis

    IIPR Posts Impressive Q4 Earnings, Looks Strong in 2020

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

    By Rajiv Nanjapla
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    Cannabis

    What Can You Expect from IIPR’s Q4 Earnings?

    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.

    By Rajiv Nanjapla
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    Cannabis

    IIPR Enters a Long-Term Agreement with GTI

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

    By Rajiv Nanjapla
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    Cannabis

    IIPR: How to Invest in Cannabis and Still Make Money

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

    By Adam Jones
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    Cannabis

    Illinois Wakes Up to Legalized Recreational Cannabis

    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.

    By Margaret Patrick
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    Cannabis

    Is Green Thumb a Good Buy in December 2019?

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

    By Margaret Patrick
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    Cannabis

    Cannabis Update: GTII, KSHB, IIPR, and CTST

    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.

    By Rajiv Nanjapla
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    Cannabis

    A Deep Dive into the Top Cannabis Retailers in Florida

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

    By Sushree Mohanty
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    Cannabis

    CannTrust Stock Fell 22% Due to New Information

    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.

    By Adam Jones
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    Cannabis

    Why Cannabis Stocks Are Trending Down Today

    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.

    By Rajiv Nanjapla
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    Cannabis

    Cannabis Stocks: Revisiting Their Valuations in November

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

    By Rajiv Nanjapla
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    Cannabis

    Cresco Labs’ Q3 Results Are Coming Up: What to Know

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

    By Margaret Patrick
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    Cannabis

    Bank of America Upgrades Canopy Growth to ‘Buy’

    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.

    By Adam Jones
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    Cannabis

    The Cannabis Sector Continues Its Disappointing Week

    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.

    By Rajiv Nanjapla
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    Cannabis

    Charlotte’s Web: What to Expect from Q3 Earnings

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

    By Rajiv Nanjapla
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    Cannabis

    IIPR, ACB, WEED, KSHB: Which Cannabis Stock Is Up?

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

    By Rajiv Nanjapla
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    Cannabis

    IIPR Stock Rises after Revenue and EPS Beat

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

    By Rajiv Nanjapla
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    Cannabis

    Marijuana in Wisconsin: Five Things You Need to Know

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

    By Sushree Mohanty
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    Healthcare

    Cannabis News Driving CURLF, IIPR, GTII, HEXO Today

    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.

    By Rajiv Nanjapla
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    IIPR-Trulieve Real Estate Deal in Florida

    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 […]

    By Anjana Viswanathan
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    Cannabis

    Cannabis Stocks Rise: CURLF, IIPR, ACB, WEED

    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.

    By Rajiv Nanjapla
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    Cannabis

    Smokable Hemp: Banned in North Carolina in May 2020

    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 […]

    By Market Realist
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    Cannabis

    Cannabis Roundup: IIPR, ACB, and WEED

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

    By Rajiv Nanjapla
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    Cannabis

    Cannabis Roundup on TLRY, IIPR, ACB, and WEED

    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%.

    By Rajiv Nanjapla
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