Industry Update: Cannabis

Industry Highlights

  • Innovative Industrial Properties, Inc., the self-advised Maryland corporation
    focused on the acquisition, ownership and management of specialized properties for medical cannabis cultivation, continued its pace of acquisitions in the second quarter of 2022. Spending approximately $77 million on three developed properties located in Texas, Maryland and Massachusetts.
  • On May 12, 2022, Skye Bioscience, Inc. and Emerald Health Therapeutics, Inc. announced the companies entered into a definitive agreement whereby Skye would acquire all of the issued and outstanding shares of Emerald in a share-for-share-transaction. Skye is a San Diego-based pharmaceutical company developing proprietary, synthetic cannabinoid derivatives to treat glaucoma and other diseases with unmet needs.

Past Industry Updates

Cannabis: February 2022

Cannabis: October 2021

Cannabis: July 2021

Cannabis: May 2021

Cannabis: January 2021

Cannabis: October 2020

Cannabis: July 2020

Cannabis: May 2020

Cannabis: December 2019

Cannabis: October 2019

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