IIPR

Innovative Industrial Properties, Inc. (NYSE:IIPR), a real estate investment trust (REIT) focused on cannabis released its Q3 2024 results Wednesday afternoon, reporting solid profitability despite tenant-related rent delays. Key Financial Highlights Revenue: $76.5 million, down 1.7% from Q3...

Advanced Flower Capital Group (NASDAQ:AFCG), a NASDAQ-listed commercial mortgage REIT, has positioned itself as one of the leading lenders in the cannabis sector. As one of two major externally managed REITs focusing on the U.S. cannabis industry, AFCG benefits from a capital supply-demand...

Cannabis-focused commercial real estate finance company AFC Gamma Inc. (NASDAQ:AFCG) is poised to go public. The West Palm Beach, Florida-based company is offering some 6.25 million shares of its common stock at $19 per share. It expects to debut March 19 on the Nasdaq Global Market...

Innovative Industrial Properties Inc. (NYSE: IIPR) has agreed to purchase a cannabis cultivation site in Illinois for $6.5 million. The REIT also secured $45 million in financing to complete a buildout of the facility, which will subsequently be leased back to...

This article by Camila Ferezin was originally published on The Green Fund, and appears here with permission. Innovative Industrial Properties (IIPR) occupies a niche in the cannabis industry, by performing sale-and-leasebacks as a means of providing finances to cannabis companies. Evidently,...