Marijuana Business Magazine - Issue 09, Oct 2017

lNVESTlNG AND FUNDlNG CORNER ¬ n December 2016, Innovative Industrial Properties – a cannabis-focused real estate investment trust (REIT) – became the first marijuana-related company to trade on the New York Stock Exchange. Marijuana business owners and advocates celebrated the San Diego company’s listing, which trades under the ticker symbol IIPR, as another milestone in the cannabis industry’s march toward mainstream acceptance. But the stock’s performance has been sluggish – down more than 7% this year through Aug. 11. Mainstream investors have been put off by the perceived risk of investing in a marijuana business, as well as Innovative Industrial Properties’ relatively small size and status as the new REIT on the block. However, the stock has soundly outperformed an index of 12 marijuana stocks that trade on over-the-counter mar- kets. And certain investors are bullish on the stock’s long-term prospects. Here’s a closer look at Innovative Industrial Properties’ stock performance through the first half of 2017: ¬nnovative ¬ndustrial Properties’ Stock Performance in 2017 Jan Feb Mar Apr May Jun Jul Aug -30% -20% -10% 0% 10% 20% 30% 40% % Difference in Close Price From 01/03/17 S&P 500: Up 8.1% as of 8/11/17 Innovative Industrial Properties: Down 7.3% as of 8/11/17 12 Marijuana Stocks: Down 32.4% as of 8/11/17 Innovative Industrial Properties Stock Price: Performance Vs. S&P 500 & 12 Marijuana Stocks in 2017 Note: MJ stocks are: AMMJ, AXIM, CANN, CBDS, CNAB, CVSI, KSHB, MSRT, SRNA, TRTC, VAPE, XXII Source: Yahoo! Finance © 2017 Marijuana Business Daily, a division of Anne Holland Ventures Inc. All rights reserved. Innovative Industrial Properties Marijuana Stocks S&P 500 Innovative Industrial Properties Stock Price: Performance Vs. S&P 500 & 12 Marijuana Stocks in 2017 12 • Marijuana Business Magazine • October 2017