Kings Garden

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...

Innovative Industrial Properties, Inc., the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, released results for the second quarter ended June 30, 2023, revealing total revenue of $76.5 million, an 8% increase compared...

Franco DeBlasio, on behalf of Gerich Melenth Nin LP, filed a derivative complaint for the benefit of Innovative Industrial Properties, Inc. (NYSE: IIPR), against certain members of its board of directors and certain of its executive officers, seeking to remedy defendants’ breaches of...

Innovative Industrial Properties, Inc. (NYSE: IIPR) generated total revenues of approximately $276.4 million in 2022, compared to approximately $204.6 million for 2021, an increase of 35%. During the twelve months ended December 31, 2022, IIP collected 97% of contractual rents and did not collect...

Innovative Industrial Properties, Inc. (NYSE: IIPR) released unaudited results for the first quarter ended March 31, 2022. Q1 2022 Financial Highlights Generated total revenues of approximately $64.5 million in the quarter, representing a 50% increase from the prior year’s quarter....

By Lauri Kibby Discrepancies between federal and state laws discourage banks from serving the highly profitable and legal cannabis industry.  U.S. cannabis companies generated more than $17.5 billion of sales in 2020 alone. It will only continue to grow as more legal markets open....

By Lauri Kibby. The inexorable march toward legalized marijuana for recreational use continues to gather momentum, fueling social change, economic growth, and, often overlooked, financial windfalls for state governments. California, the world’s largest cannabis market, was among the first...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga.   In an industry where newcomers are abundant, Kings Garden is differentiating itself by specializing in top shelf, boutique products...