Innovative Industrial (NYSE:IIPR) has outperformed the market over the past 5 years by 47.28% on an annualized basis producing an average annual return of 60.91%. Currently, Innovative Industrial has a market capitalization of $5.42 billion.
Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today the pricing of an underwritten public offering of 1.58 million shares of its common stock at $190 per share for gross proceeds of approximately $300 million.
Early in March, Parallel Cannabis, a vertically-integrated cannabis company that operates in several states, including Florida, Texas, Massachusetts, Nevada and Pennsylvania, was sued by investors of its subsidiary Surterra Wellness. Investors suggest management indebted the firm intentionally to exit with a profit.