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IIPR Dec 2024 125.000 call
- Benzinga
Reclassifying Cannabis: A Potential Game-Changer For Real Estate And Lending In The Industry
Reclassifying cannabis as a lower-risk substance could bring significant changes to the real estate sector associated with cannabis. If the change leads to relaxed lending regulations, more funds could be directed toward facilities. Cannabis operators are also expected to experience reduced tax obligations, potentially encouraging more lenders to enter the market as these companies' financial standings improve. "The increased cash flow from the reduced tax burden will provide financing for expan
- GlobeNewswire
AYR Wellness Secures Real Estate Financing for Florida Indoor Cultivation
MIAMI, June 10, 2024 (GLOBE NEWSWIRE) -- AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (“AYR” or the “Company”), a leading vertically integrated U.S. multi-state cannabis operator (“MSO”), today announced the closing of a triple-net lease transaction with Innovative Industrial Properties, Inc. ("IIP") (NYSE: IIPR) in the State of Florida. Under the terms of the agreement, AYR is leasing a 16-acre property comprising of 145,000 square feet of industrial space in Ocala, Florida from IIP. AYR plans
- Business Wire
Innovative Industrial Properties Acquires Florida Property and Expands Long-Term Real Estate Partnership with AYR Wellness
SAN DIEGO, June 10, 2024--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a 16 acre property comprising 145,000 square feet of industrial space in Ocala, Florida, and entered into a long-term, triple-net lease with a subsidiary of AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (AYR).
