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IIP Buys Michigan Property

Cannabis-focused real-estate company Innovative Industrial Properties, Inc. (NYSE: IIPR) confirmed Monday it has bought a property in Windsor, Michigan for around $15.6 million. The property is located at 9410 Davis Highway.   What Happened In relation to the transaction, the company signed a. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:

DBusiness Daily Update: U-M s Accelerate Blue Fund Makes First Investment, Oakland County Retains Moody s Aaa Bond Rating, and More

DBusiness Daily Update: U-M s Accelerate Blue Fund Makes First Investment, Oakland County Retains Moody s Aaa Bond Rating, and More
dbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dbusiness.com Daily Mail and Mail on Sunday newspapers.

Cannabis REIT IIP Buys $15 6M Michigan Property From Skymint, Total Assets In State Surpass $193M

Cannabis-focused real-estate company Innovative Industrial Properties, Inc. (NYSE:IIPR) confirmed Monday it has bought a property in Windsor, Michigan for around $15.6 million. The property is located at 9410 Davis Highway.   What Happened In relation to the transaction, the company signed a long-term, triple-net lease agreement with Green Peak Industries LLC (known as Skymint Brands). Skymint plans to run the property as a cannabis cultivation, processing and distribution facility, once the improvements for the industrial building are finalized. The building covers roughly 175,000 sq. ft. of space, and IIP approved to compensate up to around $14.4 million for its redevelopment. In case of granting the full reimbursement, the company’s total investment in the property will amount to $30 million.

3 Marijuana Stocks To Watch This Week For Better Trading | FinancialContent Business Page

3 Marijuana Stocks To Watch Mid April Looking at marijuana stocks at the close of April 16th it appeared that better trading is making its way into the sector. Since mid-February, many marijuana stocks were faced with a drop in the market. Now there are a few factors as to why this may have happened but overall investors have waited to see a pick up in trading. With everything that’s going on in the cannabis industry, many people are finding ways to invest in the sector. Now with how quickly cannabis stocks trade-in prices some plays may be better than others. For example, if one particular marijuana stock is a bit too volatile it may present some higher risk factors. Even though potential gain can happen much faster than some other cannabis stocks to watch. As cannabis stocks start to build more trading momentum investors will look to take profits. However, as some marijuana stocks start to recover others are still in the red.

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