NEW YORK and DELTA, British Columbia, Feb. 04, 2019 (GLOBE NEWSWIRE) -- Investorideas.com, a leading investor news resource covering
hemp and cannabis stocks releases a snapshot looking at the cannabis “land grab” happening in the US and Canada as companies focus
on increasing their real estate footprint.
A recent CNBC article discussed how the super wealthy have started to invest more into cannabis
companies and the land they own. In the article, Michael Sonnenfeldt, founder of investment club Tiger 21, that has numbers upwards
of 700 and have a total of $71 billion under management, commented on investing in the cannabis sector saying, "Sometimes it's
owning the land that cannabis is grown on, sometimes it's owning the real estate where there are factories, if you will, and
sometimes it's owning the companies and then, of course, there's the public market."
Companies like Innovative Industrial Properties’ (NYSE: IIPR), a self-advised
Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to
experienced, state-licensed operators for their regulated medical-use cannabis facilities seem to be a harbinger of this investment
trend.
In recent news, the company was reported closing at $61.92, outpacing the S&P 500's daily gain of 0.86%, with
shares of the company having gained 33.52% over the past month, outpacing the finance sector's gain of 9.7% and the S&P 500's
gain of 8.11% in that time.
Harvest Health & Recreation Inc. (CSE: HARV) (OTCQX: HTHHF), a vertically integrated public cannabis company, has decided to skip the
middleman with regards to real estate and amassed one of the largest footprints in
the U.S, with 60 licenses across 12 US states.
The company recently announced the Ohio Department of Commerce, pending background checks, will award the
company a provisional processor license under Ohio’s Medical Marijuana Control Program. The application scored among the top 26
after being judged on a series of standards and merits, including relevant experience across multiple verticals in the cannabis
space, prior demonstration of compliance, financial viability and proposed community benefits.
“Ohio has an important long-term role in the cannabis industry,” said Steve White, Founder and CEO of Harvest. “It has the
seventh largest state economy, a skilled manufacturing workforce and a growing patient count. We are thrilled to open fully
vertical operations and look forward to contributing to the Buckeye economy for years to come. This is a solid win for us, coming
on the heels of big retail victories in Pennsylvania and Santa Monica, California.”
Cannabis companies like MedMen Enterprises (CSE: MMEN) (OTCQX: MMNFF) have also
realized the investment to be made in cannabis real estate. MedMen and Stable Road Capital, a Venice, California-based investment
firm with a successful track record in real estate and cannabis, recently founded Treehouse Real Estate Investment Trust, Inc., a
newly organized real estate investment company focused on the acquisition, ownership and management of specialized retail and
industrial properties leased for use as regulated adult-use and medical-use cannabis facilities.
Treehouse announced last week that it has completed its offering of 6,676,000 shares of its common stock
(the “Common Stock”) for aggregate gross proceeds of approximately $133.5 million. Ladenburg Thalmann & Co. Inc., Compass Point
Research & Trading, LLC, and Northland Securities, Inc. acted as the initial purchasers/placement agents for the offering.
iAnthus Capital Holdings, Inc. (CSE: IAN) (OTCQX: ITHUF) and MPX Bioceutical Corporation just announced that the previously announced plan of arrangement in which iAnthus will acquire all of the issued and
outstanding common shares of MPX is now expected to close on or before February 5, 2019.
The combined company, excluding MPX International, will encompass operations and cannabis licenses in 10 states that will permit
iAnthus to operate 56 retail locations and 14 cultivation/processing facilities. As a result of the transaction, iAnthus will add
retail and/or production capabilities in Arizona, Maryland, Nevada, California and Massachusetts. These additional licenses
complement iAnthus' existing assets in New York, Florida, Massachusetts, Vermont, Colorado, and New Mexico, forming super-regional
footprints in both the Eastern and Western United States.
The land grab for the US and Canadian cannabis retail and industrial real estate market is on and multi-state operators such as
Harvest One (CSE: HARV) (OTCQX: HTHHF) may have the upper hand against the Canadian companies just beginning to enter into the US.
For investors following cannabis stocks, Investor Ideas has created a stock directory of publicly traded CSE, TSX, TSXV, OTC,
NASDAQ, NYSE, ASX Marijuana/Hemp Stocks
About Investorideas.com - News that Inspires Big Investing Ideas
https://www.investorideas.com/About/
Follow us on Cannabis Social Media
https://www.facebook.com/Investorideaspotcasts/
https://twitter.com/MJInvestorIdeas
https://www.instagram.com/potcasts_investorideas/
Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as
well as creates original content, including video, interviews and articles. Original content created by investorideas is protected
by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services
or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All
investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution,
social media and marketing, content creation and more. Contact each company directly regarding content and press release questions.
Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not
compensated for and was published for the sole interest of our readers and followers. More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp. Disclosure: this article featuring Harvest
Health and Recreation Inc. is a paid for service on Investorideas.com – third party. Learn more about costs and
our services https://www.investorideas.com/News-Upload/
Additional info regarding BC Residents and global Investors: https://www.bcsc.bc.ca/release.aspx?id=6894.
Global investors must adhere to regulations of each country.
Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp
Investor Ideas does not condone the use of cannabis except where permissible by law. Our site does not possess, distribute, or sell
cannabis products.
Contact Investorideas.com
800-665-0411
