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Marijuana real estate investment trust innovative industrial real estate IIP provided $45 million to Pharma cann in New York

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Marijuana real estate investment trust innovative industrial real estate announced that it would provide $45 million worth of funds to pharmacann, a privately held multi state marijuana operator, to expand its facilities in New York. Under the revised lease, IIP will provide $45 million "for the development of new 98000 square feet of industrial buildings, for planting and increasing production capacity, and for additional upgrades to existing 127000 square feet of facilities." Innovative industrial real estate stocks are traded on the New York Stock Exchange, so IiPR.


Source: mjbizdaily com/