Marijuana REIT Chicago Atlantic reports 17% interest income increase for 2023

The prospect of federal marijuana reform is growing investment and improving equity for Chicago Atlantic Real Estate Finance’s clients, senior management said Tuesday during the company’s fourth-quarter and full-year earnings call.

‘Much more stable’ marijuana landscape in 2024, CEO of NewLake REIT says

This year is “a much more stable landscape” for the marijuana sector than in 2023, the CEO of cannabis industry real estate investment trust (REIT) NewLake Capital Partners said as the company reported its fourth-quarter earnings.

Marijuana REIT Innovative Industrial Properties posts $164.2M profit in 2023

Marijuana industry real estate company Innovative Industrial Properties reported $164.2 million in net income for its common shareholders in its full 2023 fiscal year.

2nd lawsuit filed against cannabis REIT Innovative Industrial Properties

Legal woes are piling on for Innovative Industrial Properties, as another shareholder has accused the cannabis-focused real estate investment trust of misleading investors about its due diligence on a key California-based marijuana company.

Cannabis REIT NewLake expands credit facility from $30 million to $90 million

NewLake Capital Partners, a cannabis industry real estate investment trust (REIT), expanded its five-year revolving credit facility by $60 million to $90 million.

Cannabis REIT NewLake invests $50 million in three properties

Cannabis real estate investment trust (REIT) NewLake Capital Partners said it has now fully committed the capital raised in a $100 million initial public offering last year by investing $50 million in three properties.

Cannabis REIT Innovative Industrial Properties buys Texas site for $22 million

San Diego-based Innovative Industrial Properties (IIP) will pay $22 million to acquire 25 acres of land and a facility from a medical cannabis company in Austin, Texas.

Cannabis REIT buys, leases back Tilt Holdings property in $40 million deal

Cannabis industry real estate investment trust Innovative Industrial Properties (IIP) announced a $40 million acquisition and leaseback deal for a Tilt Holdings marijuana production facility in Taunton, Massachusetts.

Is a REIT or SPAC right for your cannabis business?

Main Street needs to understand what Wall Street is actually talking about.

So today, I’ll explain two terms often in the cannabis news: REIT and SPAC.

Marijuana REIT NewLake Capital inks $30 million credit facility

Marijuana industry real estate investment trust NewLake Capital Partners announced it secured a five-year revolving credit facility worth $30 million, with the possibility of expansion to $100 million “as additional lenders are added.”

Marijuana REIT IIP provides $45 million in funding to PharmaCann in New York

Marijuana real estate investment trust Innovative Industrial Properties announced $45 million worth of funding to privately held multistate cannabis operator PharmaCann to expand its New York facility.

Short seller goes after cannabis REIT Innovative Industrial Properties

A short seller activist group has gone on the attack against San Diego-based Innovative Industrial Properties, saying the company’s real estate portfolio based on acquiring cannabis properties and leasing them back to operators “appears to have degraded significantly.”