Tag: REIT

Avatar photoStaffFebruary 2, 2022
money-2.jpg
BusinessReal Estate

Cannabis Lender Pelorus Gives Business Update For 2021

9min00
Private company Pelorus Equity Group has updated the business world with its operational results. The company is known for providing bridge commercial real estate loans for cannabis businesses and owners with cannabis-related real estate. The company’s privately-held mortgage real estate investment trust, the Pelorus Fund, ended the year with $243 million assets under management and $193 […]
CONTINUE READING
Avatar photoStaffNovember 30, 2021
growingfacility-1280x856.jpg
BusinessReal Estate

New Cannabis REIT To Go Public

4min01
Chicago Atlantic Real Estate Finance, Inc. is a newly formed commercial real estate finance company or REIT. The current portfolio is mostly first mortgage loans to state-licensed operators in the cannabis industry. The company expects the IPO to be priced between $16.00 and $18.00 per share and could raise as much as $129 million. It has applied […]
CONTINUE READING
Avatar photoStaffAugust 20, 2021
plant.jpg
BusinessReal Estate

NewLake Capital Cannabis REIT Begins Trading

3min00
Cannabis REIT NewLake Capital Partners, Inc. (OCTQX: NLCP) closed on its initial public offering raising $102 million and began trading on the OTC on Friday August 20. The company closed on 3,905,950 shares of common stock at an initial public offering price of $26.00 per share. “The closing of our IPO is a significant milestone […]
CONTINUE READING
Avatar photoStaffMay 6, 2021
IMG_0758.jpg
Business

Innovative Industrial Turns In Another Solid Quarter

3min00
After the market closed on Wednesday, Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) delivered another quarter of solid results. The real estate investment trust (REIT) reported that its total revenues increased 103% to $42.9 million for the first quarter ending March 31, 2021. This beat the yahoo Finance average analyst estimate for revenues of $42.88 […]
CONTINUE READING
Avatar photoDebra BorchardtMay 7, 2020
IIPR.png
BusinessReal Estate

Cannabis REIT IIPR Defers Rent Payments For Tenants During Pandemic

5min00
Cannabis REIT Innovative Industrial Properties, Inc.  (NYSE:IIPR) reported its results for the first quarter ending March 31, 2020, with total revenues of approximately $21.1 million. This was a 210% increase from the prior year’s first quarter. Innovative Industrial also delivered a net income of approximately $11.5 million or $0.72 per diluted share. The adjusted funds […]
CONTINUE READING
Avatar photoKaitlin DomangueJanuary 25, 2020
shutterstock_1387048082-scaled.png
BusinessReal Estate

Innovative Industrial Properties Places Shares for Public Offering

2min00
Innovative Industrial Properties, Inc. (NYSE:IIPR) has placed approximately 2,000,000 shares of common stock for public offering, representing roughly 22% of the shares outstanding. The company’s plan for the revenue of the sale is to invest in specialized real estate assets. The assets are intended for cultivation and processing facilities for corporate use and in alignment […]
CONTINUE READING
Avatar photoStaffJanuary 8, 2020
growingfacility-1280x856.jpg
BusinessReal Estate

New Cannabis REIT Raises $200 Million

5min02
A new Ontario-based limited partnership created to buy cannabis-based real estate businesses called Subversive Real Estate Acquisition REIT closed on its initial public offering by raising $200 million. Making this the largest post-market correction equity capital raise to date. Subversive REIT also began trading its Class A Restricted Voting Units on the NEO Exchange as […]
CONTINUE READING

Newer Posts

Older Posts

Get the latest cannabis news delivered right to your inbox

The Morning Rise

Unpack the industry with the daily cannabis newsletter for business leaders.

 Sign up

About Us

The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis

READ MORE
Company