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.”

Marijuana REIT Innovative Industrial Properties buys Maryland site for $25M

San Diego-based Innovative Industrial Properties (IIP) acquired a Maryland marijuana cultivation and processing facility for $25 million.

Cannabis REIT closes on $40 million sale-leaseback in New Jersey

Innovative Industrial Properties (IIP) acquired a marijuana property in New Jersey from Ascend Wellness for $35.4 million and secured a long-term lease with the company.

Cannabis REIT Innovative Industrial Properties to raise $300 million via notes offering

Cannabis real estate investment trust (REIT) Innovative Industrial Properties is launching a senior notes offering to raise an aggregate principal amount of $300 million.

Atlanta group poised to enter marijuana sector using REIT model

UC Asset, an Atlanta-based real estate investment group, announced its intent to acquire an indoor-outdoor medical marijuana property in Oklahoma City.

Marijuana greenhouse owner Power REIT announces $20 million debt financing

Real estate investment trust Power REIT secured a debt financing facility worth $20 million from an unspecified “commercial federally regulated bank,” with room to borrow more in the future.

Marijuana REIT tops 100 properties with $72 million deal

Real estate investment trust Innovative Industrial Properties said it acquired a portfolio of 27 cannabis properties in Colorado, North Dakota and Pennsylvania for $72.7 million excluding transaction costs.

Marijuana industry lender Chicago Atlantic plans to become REIT with IPO

Chicago-based marijuana industry lender Chicago Atlantic Real Estate Finance is planning an initial public offering on the Nasdaq stock exchange.