Replies to post #104 on Innovative Industrial Properties Inc (IIPR)

[FutureBankruptcy]

as long as it trade - and according to the deal the shoul dbe showing income shortly

not to shabby for being mixed into shit show MJ plays

but of course time will tell if this is legit or just nonsense

if that deal is legit and starts bringing in revenue then we got ourselves a footing

$IIPR

[Monksdream]

It will go bust. The business model is buy up crummy little warehouses and call them indoor grow houses which can be leased. One problem I see. You must first obtain a grower's license and in order to do that you have to meet qualifications. It's not like the usual REIT. It's not just a matter of having capital to purchase dilapidated buildings there is the credit worthiness. Can this company borrow money to buy a run down building, fix it up, then lease and charge enough to pay the bank and have enough left over to pay dividends. You buy REIT stocks for the dividends more than for capital appreciation.