These Two Cannabis Industry Lenders Declared Dividends For Q1 2023

Innovative Industrial Properties, Inc., IIPR and Chicago Atlantic Real Estate Finance, Inc. REFI both declared a first quarter 2023 dividends.

Innovative Industrial Properties

Innovative Industrial Properties’ board of directors has declared dividend of $1.80 per share of common stock. The common stock dividends declared for the last twelve months of $7.15 per common share represent an increase of $1.00, or 16%, over dividends declared for the prior twelve months.

Additionally, IIP announced that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% series A cumulative redeemable preferred stock.

The dividends are payable on April 14, 2023 to stockholders of record at the close of business on March 31, 2023.

Chicago Atlantic Real Estate Finance

Chicago Atlantic Real Estate Finance’s board of directors has declared a regular quarterly cash dividend of $0.47 per share. The dividend, which equates to an annualized rate of $1.88 per common share, is payable on April 14, 2023, to shareholders of record as of the close of business on March 31, 2023.

In light of the recent news regarding Silicon Valley Bank and Signature Bank New York, the Chicago Atlantic team has assessed the portfolio companies it invests in and has found that they have no exposure to Silicon Valley Bank, Signature Bank New York or First Republic Bank.

Benzinga's Cannabis Capital Conference Is Back

The most successful cannabis business event in the world, the Benzinga Cannabis Capital Conference, returns to Miami for its 16th edition. This is the place where DEALS GET DONE, where money is raised, M&A starts, and companies meet investors and key partners. Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11-12. Don’t miss out. Secure your tickets now. Prices will surge very soon.

Photo by Richard T on Unsplash

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Posted In: CannabisNewsDividendsMarketspremium

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


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