Bullish
$IIPR Good conference call. *Profits of $6.2 million. *Earnings were 55 cents a share, up from 21 cents a share in the year-ago period. *Revenue rose more than 200% to $11.6 million. *Did an equity offering over the summer that stalled the stock price but they needed it to expand their real estate investments. *Hired VP, Commercial Property Asset Management and a Real Estate Attorney *Since January 1, 2019, IIP has acquired 30 properties in nine states. As of November 6, 2019, IIP owned 41 properties. *New/expanded properties in NV, CA, MA, PA, AZ, MI, IL, NY and FL *Paid a quarterly dividend of $0.78 per share on October 15th. This represents a 30% increase from the Q2/2019 dividend and an approximately 123% increase over Q3/2018’s dividend. Despite the pullback since summer, $IIPR is still up 78% for the year. #Long