IIPR - Low Float Power REIT Could Be The Next Innovative Industrial Properties
IIPR (NYSE: Innovative Industrial Properties), a REIT (Real Estate Investment Trust) has been one of the hottest stocks of the last year and one of the most stable ways to play the cannabis sector. Their most recent earnings had the best growth and profitability in the sector and was one of the only cannabis related companies to go up after earnings.
Cannabis companies need capital for properties and facilities as most traditional banks will not work with them currently. IIPR buys the properties and leases them back to the cannabis companies at very attractive yields