Innovative Industrial Properties: The High Is Over (Rating Downgrade)
IIPRInnovative Industrial Properties(IIPR) Seeking Alpha·2024-08-03 11:54
Morsa Images Back in 2020, one company that I was fairly bullish about was Innovative Industrial Properties (NYSE:IIPR). For those not familiar with the business, it operates as a REIT that caters to the cannabis market. During its first few years in operation, the company achieved remarkable growth, both on its top line and on its bottom line. Recently, however, there has been evidence of a slowdown. To be clear, the long term outlook for legal cannabis consumption in the US is most certainly positive. ...