However, even a boring property owner can get swept up into the Wall Street hype machine, and, at least to some degree, that's been true for Innovative.
The firm intends to acquire properties through sale-leaseback transactions and third-party purchases.
Innovative Industrial Properties fell 4% in the extended session Thursday.
It includes properties leased to experienced, state-licensed operators for regulated medical-use cannabis facilities.
The company was founded by Gold, Alan D.
Unlike more high-tech facilities, like buildings for server farms, grow houses are easy to build.
Being in a growing industry no pun intended is one reason for the swift portfolio expansion.
It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
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If that doesn't pan out, Innovative would need to put in the time and capital to repurpose the facility so it could lease it to someone else.
That's better than some of the once-hot cannabis growers, which have fallen as much as 80% from their peaks.
Most of the bad things envisioned here probably won't come to pass, or, if they do, they won't be as awful as they may at first seem.
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