American cannabis producers have money problems and that is a lucky thing for Innovative Industrial Properties (IIPR), Bill Alpert writes in this week’s edition of Barron’s. One way cannabis outfits can raise funds is to sell and lease back their cultivation properties with Innovative Industrial Properties, which got real-estate investment trust status and an NYSE listing in 2016, before Donald Trump’s election slammed those doors on its rivals, the publication notes. As the only U.S.-listed REIT serving the cash hungry cannabis industry, the company has parleyed its cost-of-capital advantage into steady growth and a generously-valued stock, Alpert adds.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.