Innovative Industrial Properties Acquires Massachusetts Property and Expands Real Estate Partnership with Cresco Labs SAN DIEGO, July 1, 2020–(BUSINESS WIRE)–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... Read more
Canadian licensed producers, which rose in both April and May after twelve consecutive monthly declines through March, reversed some of the recent gains, with the Canadian Cannabis LP Index declining 11.4% to 282.96: Over the past year, the index, which rallied 14.6% during Q2, has declined 68.4%: The index remains substantially... Read more
A Department of Justice office tasked with investigating claims of misconduct in the agency has determined that antitrust prosecutors did not violate rules when they looked into cannabis industry mergers at the request of Attorney General William Barr. Last week, two whistleblowers at the DOJ’s antitrust division (ATR) testified... Read more
Innovative Industrial Properties Upsizes and Prices Public Offering of Common Stock SAN DIEGO, June 30, 2020–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the upsize and pricing of an underwritten public offering of 2,683,363 shares of its common stock at $83.85 per share for gross proceeds... Read more
GrowGeneration Announces Pricing of $42.0 Million Upsized Public Offering of Common Stock DENVER, June 30, 2020 /PRNewswire/ – GrowGeneration Corp. (NASDAQ: GRWG), (“GrowGen” or the “Company”), the largest chain of stand-alone specialty hydroponic and organic garden centers, currently with 27 locations, today announced the pricing of an underwritten public offering of 7,500,000 shares of its... Read more
Marijuana often demonstrates the ability to win over even the most conservative of individuals. That said, winning over the hearts and minds of America’s vast regions isn’t complete until cannabis endears itself to the nation’s most conservative citizens and lawmakers in the southeast. Recent activity indicates that it may... Read more
BMO analysts Tamy Chen and Peter Sklar today observed that the Canadian cannabis market has been so slow to develop that they are challenged to predict which LPs can become long-term winners or how many LPs the market can support. Despite challenging conditions, the number of LPs continues to... Read more
Even though Virginia has decriminalized cannabis as of first thing next month, the state’s Black caucus would like to see things move to full legalization. Their plan is to try and push that through in a special legislative session this summer. “The Commonwealth is past the point for studies... Read more
Seven out of ten Americans believe that smoking marijuana is morally acceptable, according to a poll that tracks values and beliefs in the United States. Results of the poll that surveys American’s views on the moral acceptability of 21 different social issues were released this week by Gallup. When... Read more
Regulators in the United Kingdom have rescheduled the cannabidiol drug Epidyolex as a Schedule 5 drug, moving the medicine approved to treat severe forms of epilepsy from the much more restrictive Schedule 2 classification. GW Pharmaceuticals, the manufacturer of the medication, announced on Tuesday that the move by the... Read more
