Innovative Industrial Properties raises US$80mln to invest in medical-use cannabis facilities: Proactive Investors Stocktube

Published on 22 Mar 2018

Innovative Industrial Properties (NYSE: IIPR) CEO Paul Smithers tells Proactive Investors the California-based company acquires freestanding properties that are specialized for growing licensed medical-use cannabis. Smithers says in January the company raised US$80mln to invest in medical-use cannabis facilities in the 30 states that have approved medical cannabis. Smithers says they are in various stages of acquiring US$100mln of potential properties in their pipeline.

http://www.4-traders.com/INNOVATIVE-INDUSTRIAL-PRO-31918689/