Latest Breaking News On - முன் முயற்சிகள் கார்ப் - Page 9 : comparemela.com
Cannabis REIT Innovative Industrial Properties, Inc. (NYSE:IIPR) announced Wednesday that its total revenue increased by 103% year-over-year to $42.9 million in the first quarter of 2021.
Net income for the same period was roughly $25.6 million, or $1.05 per diluted share, representing an annual growth of 122%.
Adjusted funds from operations amounted to approximately $38.4 million, or $1.47 per diluted share – an increase of 116% year-over-year.
The significant yearly increase in revenue, net income and AFFO can be attributed to the acquisition and leasing of new properties and operations related to existing properties.
As of March 31, the San Diego-based company had roughly $122.1 million in cash and cash equivalents and around $539.3 million in short-term investments.
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Sundial Growers Inc. (OTC: SNDL)4Front Ventures Corp.
4Front Ventures Corp. is a U.S. multi-state operator and cannabis retailer that distributes over 25 cannabis brand products nationwide. At the present time, 4Front has retail locations in Illinois, Massachusetts, California, Michigan, and Washington state. Earlier in April 4Front delivered Q4 and fiscal year 2020 results with fourth-quarter pro forma revenue up to $25 million and full-year proforma sale of $88.1 million.
Additionally, 4Front reiterated its previously announced full-year 2021 guidance and estimates Systemwide Pro Forma Revenue of $170-180 million. Also, its 2021 Adjusted EBITDA is estimated to grow to $40-50 million. In general, these figures show substantial growth potential that could produce gains in the future. Watch for more expansion for the company in the key market it is established in.
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