| | | You are receiving this as part of your subscription to Cannabis Profits Daily. To remove your email from this list, unsubscribe here. | | | | | | Tuesday, July 30, 2019 | 16 Pension Plans Back Cannabis Real Estate Barron By Greg Miller | Shares of Innovative Industrial Properties Inc. (NYSE: IIPR), the only dividend-paying cannabis company, have taken a beating from its high of $137.62 on July 11th.
From that peak, the stock price began its decline when Innovative Industrial announced it would offer more shares to the public at a price of $126 per share.
The selling continued when IIPR increased the offering the next day and the price finally bottomed out at $102.98 last Tuesday.
The decline in price was a typical reaction to new shares hitting the market, but it's often nothing to panic about. Events like offering more shares provide liquidity, which is an opportunity for early investors with significant gains to take profits.
And the demand for the new shares issued was high. All shares originally offered, plus additional shares that could only be issued provided demand was high, were sold.
Despite the selloff, the stock is still up about 169% from the time we first mentioned it to Cannabis Profits Daily readers back in October.
And given how much the company will make investing the cash it just raised, even the investors that just bought in at $126 will make a killing... | | | | | | | | | | | | | How One Man Helped Create $2.2 Billion in Less Than Two Years | | This man is famous for being the "behind-the-scenes" architect for two of the biggest IPOs in cannabis history. The two cannabis firms he's helped take public have created $2.2 billion in new wealth for shareholders. Fact is, he has the power to open doors in the cannabis industry that only a few can. That's why we wanted to sit down with him and extract his wisdom regarding the current market climate for cannabis IPOs. We got him to talk about where the "big money" can be made, the ripple effects of full U.S. legalization, and more... Our team is even going to reveal SIX cannabis IPO recommendations they've got locked and loaded for you right now - all you have to do is click here.
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