Cannabis REIT gets initial ‘yes’ for New York Stock Exchange listing

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Innovative Industrial Properties, a cannabis-focused real estate investment trust, said it won preliminary approval to list its shares on the New York Stock Exchange, which would make it the first marijuana-related company to secure a Big Board listing.

The company, headquartered in San Diego but incorporated in Maryland, had filed with the NYSE last month to seek a public listing.

Innovative Industrial Properties, which buys medical marijuana-related facilities and leases them, signaled this week in a Securities and Exchange Commission filing it expects to win final approval from the Big Board.

“We have been approved to list

Cannabis REIT gets initial ‘yes’ for New York Stock Exchange listing is a post from: Marijuana Business Daily: Financial, Legal & Cannabusiness news for cannabis entrepreneurs

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