Cannabis company Parallel confirmed Friday it has sold its Pittsburgh, Pennsylvania warehouse to an affiliate of a cannabis REIT, Innovative Industrial Properties, Inc. (NYSE: IIPR), for roughly $68 million.
In relation to the sale, both companies also signed a long-term lease agreement.. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to:
On Monday,
Trulieve Cannabis Corp. (CSE:TRUL) (OTCQX:TCNNF) announced it s purchasing
Harvest Health & Recreation Inc. (CSE:HARV) (OTCQX:HRVSF) for roughly $2.1 billion in stock. Harvest shareholders will own roughly 26.7% of Trulieve s issued and outstanding pro forma shares on a fully diluted basis.
Commenting on the deal, Debra Borchardt, CEO of Green Market Report, told Benzinga, “The acquisition is likely to come with its fair share of headaches. Harvest Health has a mountain of debt and lots of lawsuits over various deals. Still Trulieve is certainly on a quest to become a nationwide company and this will certainly help pave the way.”
Author Bio
Rachel primarily covers healthcare stocks for the Fool. She leverages her background and education in the legal field to inform her detailed research and analysis of the stock market.
Let s face it: This is a strange and wild time to be an investor. The stock market has had its fair share of ups and downs over the past year. Recent weeks have seen a notable increase in market volatility as angst about the surging inflation rate and supply shortages are increasingly driving investors actions.
Should you be concerned? The answer is no not if you maintain a long-term perspective; continue diversifying your investments and building your nest egg; and focus on fortifying your portfolio with durable, all-weather stocks. Now is the time to prepare for whatever the market has in store in the coming months.
Author Bio
Alex began writing for the Fool in early 2020 and follows companies in the healthcare sector. Formerly a researcher in the biotech industry, he leverages his science background in his work as a writer and entrepreneur. His interests include exploring his hometown of Boston, traveling in Latin America, and value investing. Follow @alexcarchidi
Like most investors, I m a big fan of gold rushes in new or rapidly expanding industries because that s where there s the most money to be made. When it comes to picking the right stock to benefit from an ongoing gold rush, however, I very much prefer companies that are selling the shovels rather than doing the actual mining. After all, it wouldn t be notable to strike gold if it was a guaranteed outcome, and in innovative new industries, the risk of failure can be quite high.
Author Bio
A Fool since 2010, and a graduate from UC San Diego with a B.A. in Economics, Sean specializes in the healthcare sector and investment planning. You ll often find him writing about Obamacare, marijuana, drug and device development, Social Security, taxes, retirement issues and general macroeconomic topics of interest. Follow @TMFUltraLong
There are a number of ways to retire wealthy. Over the long run, investing in the stock market has been one of the most-effective ways of accomplishing this feat.
Since 1980, the widely followed
S&P 500 has delivered an average annual total return (including dividends) of slightly better than 11%. This means it s taking less than seven years, with dividend reinvestment, for investors to double their money with an S&P 500 tracking index.