The following article is sponsored by Schaeffer s Investment Research.
COVID-19 had a significant impact on many emerging sectors over the past year. We saw this influence in markets such as tech, cryptocurrency, electric vehicles, and cannabis. Looking at the cannabis market, in particular, the pandemic accelerated the adoption of cannabis reform across multiple states, resulting in a record-breaking 2020 for the industry.
The cannabis market not only experienced a notable 2020 but has seen significant YTD growth in 2021. As such, investors are looking at the sector now more than ever with many analysts bullish on the industry.
Matthew Timpane, senior market strategist at Schaeffer’s Investment Research, joined last week’s Benzinga Cannabis Capital Conference to provide attendees with some guidance on how to navigate the bull market forming around cannabis 2.0.
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The amount relates to a lease amendment which increased the tenant improvement allowance under a lease at one of IIP’s Ohio properties by $25.0 million to a total of $29.3 million, and also resulted in a corresponding adjustment to the base rent for the lease at the property. The additional tenant improvement allowance is expected to increase the property footprint by 80,000 square feet. As of February 24, 2021, IIP had funded approximately $7.6 million of the tenant improvement allowance.
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The amount relates to a lease amendment which increased the tenant improvement allowance under a lease at one of IIP’s Michigan properties by $525,000 to a total of approximately $1.8 million, and also resulted in a corresponding adjustment to the base rent for the lease at the property. As of February 24, 2021, IIP had funded approximately $1.7 million of the tenant improvement allowance.
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