01-06-2021, 10:36 AM
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.
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.