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MJ) and AdvisorShares Pure US Cannabis ETF (
MSOS), have taken different strategies in pursuit of their targeted sector.
The Summit, New Jersey-based ETFMG Alternative Harvest ETF (MJ) was founded in 2014 and targets the global cannabis industry by tracking the Prime Alternative Harvest Index. The top holding in its portfolio is its $10.03 share of Canada’s Aphria Inc. (
APHA), followed by an 8.43% share of Britain’s GW Pharmaceuticals plc (
The Bethesda, Maryland-based AdvisorShares Pure US Cannabis ETF (MSOS) only began trading on Sept. 2 of this year and concentrates
solely on cannabis-related businesses within the U.S. market, investing at least 80% of its net assets in the securities of U.S. companies that derive at least half of their net revenue from marijuana and hemp businesses. Slightly more than half of its portfolio belongs to BlackRock Liquidity Funds Treasury Trust Institutional (
Innovative Industrial Properties Expands Real Estate Partnership with PharmaCann at New York Property
Innovative Industrial Properties Expands Real Estate Partnership with PharmaCann at New York Property Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease with PharmaCann Inc. (PharmaCann) in Hamptonburgh, New York, making available $31.0 million in funding for significant enhancements in production capacity and additional upgrades at the 127,000 square foot facility. The lease amendment also adjusted the base rent under the lease to take into account the additional available funding and extended the term of the lease agreement. Assuming full payment of the additional funding, IIPs total investment in the property will be $61.0 million. IIP originally acquired the New York property and entered in
https://www.profitconfidential.com/marijuana/u-s-pot-stocks-doubling-value/ U.S. Marijuana Stocks Doubling in Value And It s Not Too Late to Profit Stephen Karmazyn, BA Profit Confidential 2020-12-18T07:30:12Z 2020-12-22 16:08:41 us marijuana stocks us pot stocks marijuana stocks pot stocks us marijuana legalization curlf stock iipr stock weed stocks U.S. marijuana stocks have been surging as U.S. marijuana legalization begins to become more and more of a reality, with CURLF stock and IIPR stock being the main beneficiaries. Curaleaf Stock,Innovative Industrial Properties Stock,Marijuana https://www.profitconfidential.com/wp-content/uploads/2020/12/the-cannabis-and-money-F5B7DJR-300x228.jpg
U.S. Marijuana Stocks Surge
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IIP Expands Portfolio to 66 Properties Comprising 5.4 Million Square Feet in 17 States
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisitions of a property in Georgetown, Massachusetts and a property in Olympia, Washington, which collectively comprise approximately 181,000 square feet of industrial space.
The purchase prices for the properties were $33.0 million in total (excluding transaction costs). Concurrent with the closings of the purchases, IIP entered into a long-term, triple-net lease agreement for each property with a subsidiary of 4Front Ventures Corp. (CSE:FFNT) (OTCQX:FFNTF) (4Front), which intends to continue to operate the Massachusetts property as a regulated cannabis cultivation, processing and dispensing facility and to sublease the Washington property to a cannabis license holder for c