Innovative Industrial Properties Acquires Missouri Property and Enters Into Long-Term Lease with CPC of Missouri – Smithville

SAN DIEGO--(BUSINESS WIRE)---- $IIPR #Dividendstocks--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced that it closed on the acquisition of a property in Missouri, and entered into a long-term lease with CPC of Missouri – Smithville, LLC (CPC), a subsidiary of Calyx Peak, Inc. (Calyx). The purchase price for the property was $1.53 million (excluding transaction costs). CPC is expecte