Cannabis REIT IIP Expands NJ Footprint, Partners With Columbia Care

Cannabis REIT Innovative Industrial Properties Inc. (NYSE: IIPR) has acquired an additional two properties in New Jersey, just a week after it purchased a property in Blue Anchor for $5.5 million.

The San Diego company confirmed Monday that it has entered into long-term triple-net leases with Columbia Care Inc.’s (CSE: CCHW) (OTCQX: CCHWF) subsidiaries for both properties.

The $12.4 million purchase includes a 50,000 square-foot industrial building and a retail location …

Full story available on Benzinga.com

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