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Innovative Industrial Properties Q2 Revenue Increases 101% to $48 9 Million – New Cannabis Ventures
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Local cannabis company Holistic Industries crushes initial funding goal, lands at $55M for more expansion
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Could Michigan Be the Perfect Entry Point for Cannabis Investors
FN Media Group Presents USA News Group News Commentary
VANCOUVER, B.C., April 8, 2021 /PRNewswire/ USA News Group - A cannabis boom is underway, and perhaps one of the fastest growing markets of all is that of Michigan, which just saw its cannabis sales hit $105 million in February 2021, representing an increase of 160% year-over-year. Just last year, Michigan s top cannabis regulator predicted the state s market has $3 billion potential. This week, Bruce Linton, founder and former CEO of the world s most valued cannabis company
Canopy Growth Corporation (NASDAQ: CGC) (TSX: WEED) commenced trading with his new Michigan-based cannabis vehicle Gage Growth Corp. (GAGE). Many more have seen Michigan s marijuana market potential and are wasting no time in getting established there, including premium plant-based extraction company
Could Michigan Be the Perfect Entry Point for Cannabis Investors
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(2)
(3)
The amount relates to a new lease executed at IIP’s Los Angeles, California property, which provides for a tenant improvement allowance of up to $11.0 million.
(4)
The tenant is expected to complete tenant improvements at the property, for which IIP agreed to provide reimbursement of up to approximately $10.8 million.
(5)
The amounts relate to the acquisition of additional land adjacent to an existing property and a lease amendment which provided a tenant improvement allowance and resulted in a corresponding adjustment to the base rent for the lease at the property. The tenant is expected to complete construction of two new buildings at the property comprising approximately 180,000 square feet in the aggregate, for which IIP agreed to provide reimbursement of up to approximately $51.4 million.