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Benzinga
Benzinga
Business
Jelena Martinovic

Cannabis REIT Innovative Industrial Properties Shares Trading Lower On Announcing Pricing Of $300M Common Stock Offering

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today the pricing of an underwritten public offering of 1.58 million shares of its common stock at $190 per share for gross proceeds of approximately $300 million.

The offering is expected to close on or about April 5, 2022, subject to customary closing conditions.

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