Cannabis REIT

Zuanic & Associates (Z&A) recently initiated coverage of Chicago Atlantic Real Estate Finance Inc. (NASDAQ: REFI) with an Overweight rating.  Chicago Atlantic is an externally managed commercial mortgage real estate investment trust. "REFI is among the few active...

Zuanic & Associates' latest report, which initiates coverage of New Lake Capital Partners (OTC: NLCP) with an Overweight rating explains their motivation. "As of the third quarter of 2023, its net real estate assets were valued at $375 million, a significant increase from $124...

Cannabis REIT IIP Lawsuit Dismissed By New Jersey Judge A New Jersey Judge has dismissed an investor lawsuit against cannabis REIT Innovative Industrial Properties (IIP) (NYSE: IIPR) that accused IIP of knowing about fraudulent activities by its tenant Kings Garden. The investors claimed that IIP...

The upcoming Benzinga Cannabis Capital Conference in Chicago on Sept. 27-28 will shed light on a transformative trend: distressed assets in the form of companies shifting from a vertical integration model to an asset-light approach. A key panel will feature experts including Michael Hogan,...

A Pennsylvania state court has ruled for the dissolution of Gooblend Pennsylvania LLC, a subsidiary of Parallel, a prominent cannabis operator. $5.8 Million Rent Default In Legal Battle The court order, disclosed on August 24, resulted from Goodblend's failure to pay $5.8 million in rent and...

Power REIT (AMEX: PW), the real estate investment trust confirmed Thursday it will borrow $20 million from a commercial federally regulated bank.   The Old Bethpage, a New York-based company noted it plans to use the debt facility proceeds to support further acquisitions of...

Innovative Industrial Properties, Inc. (NYSE: IIPR) announced Wednesday that its board of directors has declared a fourth quarter 2021 dividend of $1.50 per share of common stock. The dividend is equivalent to an annualized dividend of $6.00 per common share. The dividend announcement comes on...

Cannabis REIT Innovative Industrial Properties, Inc. (NYSE: IIPR) confirmed Tuesday that it has completed the $72.7 million acquisition of a portfolio of 27 properties in Colorado, Pennsylvania and North Dakota that are 100% leased for use as regulated cannabis dispensing, processing and/or...

Investors who upgraded their portfolios with cannabis-focused Real Estate Investment Trust - Innovative Industrial Properties (NYSE: IIPR) five years ago are now loving their sky-high returns.  Launched in 2016, IIP is the first publicly-traded company on the New York Stock Exchange to provide...

Cannabis-focused commercial real estate finance company Chicago Atlantic Real Estate Finance, Inc. priced its initial public offering of 6.25 million shares of its common stock. The Chicago-based company that intends to elect and qualify to be taxed as a REIT confirmed the filing of a registration...

Cannabis-focused REIT NewLake Capital Partners, Inc. (OTCQX: NLCP) announced it has provided a nine-month senior secured loan to Hero Diversified Associates, Inc. (“HDAI”), which owns a state-licensed grower and processor of medical marijuana in Pennsylvania. Collateral for the loan...

Cannabis-focused REIT Innovative Industrial Properties, Inc. (NYSE: IIPR) released its third-quarter earnings on Wednesday with total revenue of around $53.9 million, up by 57% year-over-year from $34.3 million. The increase was driven primarily by the acquisition and leasing of new properties...

Pelorus Equity Group’s Pelorus Fund, a private mortgage real estate investment trust raised $42.25 million through a 7% senior unsecured notes private placement due September 30, 2026. The pioneer in cannabis lending, reported Wednesday that Pelorus Fund closed the offering, which is expected...

Cannabis-focused real estate company Innovative Industrial Properties, Inc. (NYSE: IIPR)  acquired a property in Illinois for $6.5 million and signed a long-term lease with a subsidiary of 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF). Deal Details ...

Cannabis-focused commercial real estate finance company AFC Gamma, Inc. (NASDAQ: AFCG) is poised to raise $56.4 million through its underwritten public offering of 2.75 million shares of its common stock at $20.50 per share. Underwriters have a month to buy up to an additional 412,500 shares of...