Behind June's Big Marijuana Stock Winner

Posted June 19, 2019 by Amtassociates

AMT Internationals highly attentive team provide risk tailored advice that ensures each of our clients are comfortable and satisfied with every trade.

Many new investors, have had their portfolios taken over in a good way by cannabis companies and their partners. The fast growing and emerging market that is the cannabis industry has bought many new companies to Wall Street’s attention very quickly. With a fast growth boost in the start of 2019 many of the top players in the cannabis industry have seen a slowdown in their share price incline, however many other companies are continuously seeing rapid gains.

If you look in more detail at the industry as a whole, you can see that the cannabis sector is far from dead. In fact there is one company that has taken a different route toward cannabis profits, and has seen over 40% gains so far in June this year. Innovative Industrial Properties investors have been enjoying a very steady incline and with more good news coming out for the company this is not looking like stopping. The company are currently looking at creating a business model that will be focused on real estate investment based around the cannabis industry, mainly growing facilities, and retail outlets.
In the latest move by the company which has really made investors happy is another increase the cannabis company’s dividends. On the 14th of June in a note to investors the company 7 announced that they would be issuing dividends of $0.60 per share for the second quarter of 2019. On the face of things it may not seem like a marginally big deal, however this move added to the hugely impressive streak of dividend increases by the company over the course of the last 9 dividend paying quarters investors have been treated to four boosts, with the most recent being a respectable 33%, following a 40% and 67% hike previously. As it stands Innovative Industrial’s investments have been extremely profitable. The company has seen a 15% yield on invested capital, with over 19 properties that it currently owns. Nearly all the profit of the company gets paid out to shareholders in the form of dividends, mainly due to the fact that the tax benefits of being a real estate investment firm, requires the company to pay out at least 90% of its earnings.

Xiang Foo – AMT Associates
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Last Updated June 19, 2019