2019年8月2日星期五

The triple-digit gains aren't over for this pot stock

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Money Morning eLetter CANNABIS LOTS are a whole new way of making money on marijuana stocks with explosive potential. Tom's readers are getting to hear details...

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The Triple-Digit Gains Aren't Over for This Cannabis Real Estate King
By Greg Miller, Director of Cannabis Investing Research, Money Morning

Innovative Industrial Properties is the only dividend-paying cannabis company right now (though odds are it won't be the last).

I recommended it in mid-October 2018 at just above $43 a share.

We've had the chance to reap gains as high as 218% in the meantime, far outpacing the modest 7% gains seen on the S&P 500. That performance isn't surprising, given that this unique, rare stock sits right at the nexus of cannabis and real estate.

What is surprising, on the surface, is how the shares have fallen since the middle of July.

Cannabis' only dividend-payer has dropped from a July 11 intraday high of $139.53 to sit just above $104 at the time of writing.

Certainly nothing's happened since then to throw any cold water on marijuana's explosive growth; the march to federal de-scheduling and legalization has, if anything, sped up.

The drop has everything to do with a strategic move Innovative made - one that's ultimately fantastic news for shareholders with a long view and an appetite for three or four "rounds" of big profits.

I hope everyone's taking the opportunity to add to their IIPR position at these bargain prices, because they'll be a distant memory soon.

Here's why... Full Story

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