Innovative Industrial Properties (NYSE:IIPR)

CAPS Rating: 1 out of 5

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Top IIPR Bull/Bear Pitches

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jed71 (99.86)
Submitted December 06, 2016

LOL, LOL, and more lolz. After several failed attempts at an IPO this year, the company was FINALLY able to sell some shares. Someone has to help me understand, how in the heck did this company get itself listed on the NYSE? I am guessing the… More

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Recs

0
Member Avatar SmartAce (99.94) Submitted: 3/21/2017 4:30:33 PM : Underperform Start Price: $17.00 IIPR Score: +2.54

My wife told me we need a new bathroom scale a week ago, but today she let me know that it wasn't something she wanted for her birthday.

Recs

7
Member Avatar jed71 (99.86) Submitted: 12/6/2016 12:22:47 PM : Underperform Start Price: $16.86 IIPR Score: +7.89

LOL, LOL, and more lolz. After several failed attempts at an IPO this year, the company was FINALLY able to sell some shares. Someone has to help me understand, how in the heck did this company get itself listed on the NYSE? I am guessing the management team has some insider connections, considering the CEO’s prior work experience within the REIT industry. Prior to the share offering, this company had $508 DOLLARS in cash and $376,000 in total ASSETS. Come on, who is buying into this as a legitimate investment?

The danger here for shorts is the super low float. This can be easily manipulated higher, and if marijuana companies continue their late 2016 tear, this could easily double from here on little to no volume. They have made one property acquisition:

“Innovative Industrial Properties, Inc. (the "Company") (NYSE: IIPR) announced today that it plans to close its previously-announced sale-leaseback transaction with PharmaCann LLC ("PharmaCann") in December 2016. In the sale-leaseback transaction, the Company will acquire PharmaCann's state-of-the-art, newly-constructed 127,000 square foot medical-use cannabis cultivation and processing facility in New York.

"We are excited to have PharmaCann and its highly regarded management team as our first tenant," said Alan D. Gold, Executive Chairman of the Company. "PharmaCann's New York facility is truly a blueprint for an institutional-grade medical-use cannabis cultivation and processing facility. The PharmaCann team, as the holder of one of five licenses in New York and multiple licenses in Illinois, is laser-focused on developing the highest quality products to treat patients in those states for a wide array of medical conditions, including chronic pain, which New York health regulators recently added to its list of qualifying medical conditions."”

So it looks like the company is trying to corner the market on the lucrative “marijuana REIT” industry. LOL. If you read through the share prospectus, which came out in its final form a few days ago, you’ll find lots of entertainment. If you want some real entertainment, take a look at what these gents intend to pay themselves by way of base salary and bonuses in Year 1. Pretty Hilarious, considering there was pretty much no value here 1-2 months ago. Very easy red thumb.

Leaderboard

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Score Leader

rancidlettuce

rancidlettuce (99.13) Score: +19.89

The Score Leader is the player with the highest score across all their picks in IIPR.

Top
Pick
Member Name Member
Rating
Start
Date
Call Time
Frame
Start
Price
Stock
Gain
Index
Gain
Score Commentary
fps32 71.20 12/5/2016 Underperform 5Y $18.45 -7.48% +9.37% +16.85 0 Comment
snommis69 82.84 2/1/2017 Underperform 5Y $18.38 -7.11% +6.07% +13.17 0 Comment
chipotlepickle 98.87 12/7/2016 Underperform 5Y $17.61 -3.07% +8.94% +12.01 0 Comment
redfox18 99.92 12/7/2016 Underperform 5Y $17.61 -3.07% +8.94% +12.01 0 Comment
rbyrne11 82.22 12/21/2016 Underperform 3Y $17.77 -3.94% +6.67% +10.60 0 Comment
jed71 99.86 12/6/2016 Underperform 5Y $16.86 +1.24% +9.13% +7.89 4 Comments
truspin 99.61 12/8/2016 Underperform 5Y $16.99 +0.46% +7.34% +6.88 0 Comment
ClientNein 99.99 12/6/2016 Underperform 5Y $16.65 +2.52% +9.08% +6.56 0 Comment
RES7 98.94 12/8/2016 Underperform 5Y $16.89 +1.07% +7.46% +6.40 0 Comment
foolishfun4me 99.40 12/9/2016 Underperform 5Y $16.95 +0.71% +6.90% +6.19 0 Comment

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