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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
Mashpee ZBA Continues Hearing To Convert Boat Storage To Marijuana Cultivation Facility capenews.net - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from capenews.net Daily Mail and Mail on Sunday newspapers.
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GOOD MORNING, MASSACHUSETTS. Did you stock up on bread and milk yet? The
FIRST IN PLAYBOOK: MCGOVERN CALLS FOR HUNGER CZAR Rep. Jim McGovern is calling on President-elect Joe Biden to appoint a hunger czar to address food insecurity in the United States, a problem that s become more widespread during the Covid-19 pandemic.
Two new commissioners have been appointed to the Massachusetts Cannabis Control Commission to replace Commissioners Kay Doyle, who resigned in May, and Shaleen Title, whose term expired on Aug. 31 but stayed on as an interim holdover.
The two new commissioners will be Nurys Camargo, director of external affairs in Massachusetts for AT&T, and Bruce Stebbins, a member of the Massachusetts Gaming Commission. They were appointed by a majority vote by Gov. Charlie Baker, treasurer Deborah Goldberg and Attorney General Maura Healey, in accordance to rules regulating how CCC members are chosen.
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Shaleen Title
Camargo will fill a requirement that one commissioner have a background in legal, policy or social justice issues related to a regulated industry: the seat Title occupied. Stebbins fills a requirement a commissioner have professional experience in oversight or industry management, including commodities, production or distribution in a regulated industry: the seat Doyle fille
Facility”) is anticipated to be located at
3995-3997 Washington Street, Roslindale, MA 02131 (the “
Property”). Closed captioning will be provided. Community members and members of the public are encouraged to ask questions and receive answers from representatives of MCSE.
Questions may be submitted in advance to donchavez@gmail.com. All materials for the meeting will be available more than 24 hours before the virtual community outreach meeting on www.princelobel.com.
This Virtual Community Outreach Meeting will be held in accordance with the Massachusetts Cannabis Control Commission’s Administrative Order Allowing Virtual Web-Based Community Outreach Meetings and the applicable requirements set forth in M.G.L. ch. 94G and 935 CMR 500.000 et seq.