Revolutionary Industrial Properties Inc. (NYSE: IIPR) is the only dividend-paying cannabis firm appropriate now (even though odds are it will not be the final).
I advisable it in mid-October 2018 at just above $43 a share.
We’ve had the opportunity to reap gains as higher as 218% in the meantime, far outpacing the modest 7% gains noticed on the S&P 500. That efficiency is not surprising, provided that this one of a kind, uncommon stock sits appropriate at the nexus of cannabis and true estate.
What is surprising, on the surface, is how the shares have fallen considering that the middle of July.
Cannabis’ only dividend-payer has dropped from a July 11 intraday higher of $139.53 to sit just above $104 at the time of writing.
Absolutely nothing’s occurred considering that then to throw any cold water on marijuana’s explosive development the march to federal de-scheduling and legalization has, if something, sped up.
The drop has anything to do with a strategic move…
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