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DBusiness Daily Update: U-M s Accelerate Blue Fund Makes First Investment, Oakland County Retains Moody s Aaa Bond Rating, and More

DBusiness Daily Update: U-M s Accelerate Blue Fund Makes First Investment, Oakland County Retains Moody s Aaa Bond Rating, and More
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Cannabis REIT IIP Buys $15 6M Michigan Property From Skymint, Total Assets In State Surpass $193M

Cannabis-focused real-estate company Innovative Industrial Properties, Inc. (NYSE:IIPR) confirmed Monday it has bought a property in Windsor, Michigan for around $15.6 million. The property is located at 9410 Davis Highway. What Happened In relation to the transaction, the company signed a long-term, triple-net lease agreement with Green Peak Industries LLC (known as Skymint Brands). Skymint plans to run the property as a cannabis cultivation, processing and distribution facility, once the improvements for the industrial building are finalized. The building covers roughly 175,000 sq. ft. of space, and IIP approved to compensate up to around $14.4 million for its redevelopment. In case of granting the full reimbursement, the company’s total investment in the property will amount to $30 million.

United statesJeff radwayPaul smithersGreen peak industriesInnovative industrial properties incInnovative industrial propertiesSkymint brandsSan diego basedஒன்றுபட்டது மாநிலங்களில்ஜெஃப் ராட்வேபால் ஸ்மிதர்ஸ்பச்சை உச்சம் தொழில்கள்புதுமையானது தொழில்துறை ப்ராபர்டீஸ் இன்க்புதுமையானது தொழில்துறை ப்ராபர்டீஸ்சான் டியாகோ அடிப்படையிலானது

TCPA Dispensary Filing Seeks Over $5MM in Damages

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United statesMorgan foxGreen peak industriesNational cannabis industry associationLegislative newsTcpa class actionsDispensary tcpaDispensary tcpa class actionsGreen peak industries tcpa filingsஒன்றுபட்டது மாநிலங்களில்மோர்கன் நரிபச்சை உச்சம் தொழில்கள்தேசிய கஞ்சா தொழில் சங்கம்சட்டமன்றம் செய்தி

Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2020 Results

(2) (3) The amount relates to a lease amendment which increased the tenant improvement allowance under a lease at one of IIP’s Ohio properties by $25.0 million to a total of $29.3 million, and also resulted in a corresponding adjustment to the base rent for the lease at the property. The additional tenant improvement allowance is expected to increase the property footprint by 80,000 square feet. As of February 24, 2021, IIP had funded approximately $7.6 million of the tenant improvement allowance. (4) The amount relates to a lease amendment which increased the tenant improvement allowance under a lease at one of IIP’s Michigan properties by $525,000 to a total of approximately $1.8 million, and also resulted in a corresponding adjustment to the base rent for the lease at the property. As of February 24, 2021, IIP had funded approximately $1.7 million of the tenant improvement allowance.

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Innovative Industrial Properties Q4 Revenue Increases 110% to $37 1 Million – New Cannabis Ventures

February 24, 2021 at 4:53 pm Published by NCV Newswire Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2020 Results Acquisitions and Portfolio Performance Drive FY 2020 Y-o-Y Growth of 162% in Total Revenues, 191% in Net Income and 180% in AFFO SAN DIEGO, February 24, 2021–(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 results for the fourth quarter and year ended December 31, 2020, the fourth full year since IIP commenced real estate operations and completed its initial public offering in December 2016. Full Year 2020 Highlights Generated total revenues of approximately $116.9 million, net income attributable to common stockholders of approximately $64.4 million and adjusted funds from operations (“AFFO”) of approximately $97.8 million, representing increases of 162%, 191% and

United statesNew yorkNew york stock exchangeNew jerseyNorth dakotaLos angelesYork stock exchangeInnovative industrial properties reports fourth quarterLivwell holdings incHarvest health recreation incGreen peak industriesInnovative industrial properties incInnovative industrial propertiesHolistic industries incGreen thumb industries incKings garden inc