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Strategies & Market Trends : The New Economy and its Winners

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To: Ahda who wrote (57332)	11/28/2016 9:44:31 AM
From: Ahda	of 57684

Marijuana REIT Will Try the IPO Market Again This Week Here are the two IPOs that will try again to enter the public equity markets in the coming week. Eagleline Acquisition Corp. is a blank-check company that intends to concentrate its efforts on businesses supplying services to the healthcare industry. The firm plans sell 15 million units at $10 per unit to raise $150 million. Each unit includes one share of class A common stock and one-half of one warrant to purchase an additional share. Units are listed as day-to-day and will trade on the Nasdaq under the symbol IGLEU. Innovative Industrial Properties Inc., a REIT focused on the acquisition, ownership, and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities has reduced the number of shares it plans to offer. The company now plans to offer 5 million shares (down from 8.8 million) at $20 per share to raise $100 million. Company management also agreed to forfeit 100% of its zero-cost basis shares in order to get the deal done. Shares are expected to price Wednesday and begin trading Thursday on the NYSE under the ticker symbol IIPR. See our weekly Marijuana News Roundup for another hurdle that the company faces. finance.yahoo.com Be happy no worry (;)

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