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Innovative Industrial Properties files $100M securities shelf

Innovative Industrial Properties Inc. filed a prospectus for the sale of up to $100.0 million of its securities from time to time.

The filing covers common stock, preferred stock, depositary shares, warrants, rights and units.

The company plans to use any net proceeds to invest in specialized industrial real estate assets that support the regulated medical-use cannabis cultivation and processing industry and for general corporate purposes.