Cannabis REIT Innovative Industrial Properties shares fall after earnings
Marijuana real estate investment trust Innovative Industrial Properties Inc. shares fell 2.6% in after-hours trading Wednesday after the company reported first-quarter net income of $11.5 million, or 72 cents a share, compared with net income of $3.3 million, or 33 cents a share a year ago. Revenue rose to $21.1 million from $6.8 million in the year-ago quarter. The four analysts surveyed by FactSet estimated revenue of $20.8 million. The company noted that in the majority of U.S. states, cannabis... Читать дальше...