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BUZZ-Weed REIT Innovative Industrial Prop's falls on stock offering launch

Thu 23rd January, 2020 9:22pm
** Innovative Industrial Props  IIPR.N  shares down >4% to
$76 after hours as co looks to raise equity
    ** Co selling 2 mln shares to invest in specialized
industrial properties that support regulated medical-use
cannabis cultivation and processing industry  urn:newsml:reuters.com:*:nBw1Hs7Rva
    ** Offering would represent ~15% of IIPR outstanding shares,
per Refinitiv data
    ** BTIG acting as sole bookrunner
    ** IIPR fell 2.7% to $79.45 on Thurs, cutting gain so far in
2020 to 4.7%
    ** Last year, stock rose 67% while the S&P 600 SmallCap
REITs index  .SPSMCREITS  advanced ~19%

 (Reporting by Lance Tupper)
 ((lance.tupper.tr.com@reuters.net
lance.tupper@tr.com 646-223-5017))
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