01-06-2021, 10:42 AM
(01-06-2021, 10:36 AM)crimsonghost747 Wrote: Just a heads up for the IIPR people. IIPR is pretty much the only company right now doing what they do. Ok maybe not the only one, but certainly the big boy in the business. If banking does open up to cannabis companies, there will be a lot of competition and we can say bye bye to 10%+ CAP rates. IIRP can raise more capital by issuing equity, and has done so very successfully several times in the past years... they simply do not need banks to lend them money.
Something to consider if you are thinking of buying IIPR due to this political stuff.
Still long IIPR here though, but I'm not adding.
I still have my original purchases of IIPR between $32-34. I only added 10 shares just to make it and even 100 lol. But yes I have done my homework on this company since day 1. The stock will stall from time to time but I never count them out. No one can touch what they do right now. One day maybe but not anytime soon. Sometimes competition is good
Cannabis will have a great 2021 and beyond. Its like buying the tech before they all took off lol. I have a basket of 10 and few trade on the OTC that I'm high on.