Innovative Industrial Properties, Inc. (NYSE:IIPR) acquired Property in Hancock from Harvest Health & Recreation Inc. (CNSX:HARV) for $16.6 million on August 16, 2021. Harvest plans to continue to operate the property as a licensed cultivation and processing facility and expects to recover up to approximately $12.9 million in tenant improvements from IIP. The total proceeds for the transaction are expected to be approximately $29.5 million.

Innovative Industrial Properties, Inc. (NYSE:IIPR) completed the acquisition of Property in Hancock from Harvest Health & Recreation Inc. (CNSX:HARV) on August 16, 2021.