If you're interested in joining this Black Book call on Innovative Industrial Properties (IIPR), a Best Idea Long, today at 2PM ET please email Jamie Bruno at jbruno@hedgeye.com.
IIPR, the only U.S. listed cannabis REIT, focuses on the acquisition, ownership, and management of specific industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities.
We are bullish on the U.S. cannabis industry, and IIPR is well-positioned to ride the industry’s overall momentum through a growing pipeline of deals. The company currently owns 62 properties, at approximately 4.7M rentable square feet, and has upwards of $1.1B in invested capital. IIPR has high-quality tenants, a conservative balance sheet, and a stellar management team that can execute.
IIPR was raised to a Hedgeye Cannabis Best Idea Long on September 9th. The company was placed on the Hedgeye Cannabis Long Bias List on May 29th.
Join us today as we outline our long thesis on IIPR, a company at the intersection of the cannabis industry and the REIT space in a rapidly changing legislative landscape. We will also outline our current views on investment themes within the U.S. cannabis industry.