Cannabis Reit Innovative Industrial Properties Enters Missouri Via $28.3M Deal With Calyx Peak's Subsidiary
Cannabis-focused real estate investment trust Innovative Industrial Properties, Inc. (NYSE: IIPR) has wrapped up the acquisition of a property in Missouri just a month following the purchase of Hancock, Maryland-based property previously owned by Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HRVSF). The San Diego-based company said Monday it has also entered into a long-term lease with CPC of Missouri – Smithville, LLC, a subsidiary of Calyx Peak, Inc. The price tag for the property was $1.53 million, excluding transaction costs. Under the deal, CPC is obliged to build roughly ...Full story available on Benzinga.com.