Marijuana REIT to invest $67.8 million in Pennsylvania facility

MJBizDaily
By Jeff SmithMay 14, 2021, 12:30 pm117 pts
Innovative Industrial Properties (IIP) and Atlanta-based multistate marijuana operator Parallel have struck another sale-leaseback deal. The San Diego-based real estate investment trust (REIT) said it has closed on a transaction valued at up to $67.8 million to purchase a cultivation and processing facility…

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