Oct. 3, 2018 4:29 PM ET|About: Innovative Industrial ... (IIPR)|By: , SA News Editor 

Innovative Industrial Properties (IIPR -6.7%) has commenced a public offering of 2M shares of its common stock.

The Company expects to grant the underwriters a 30-day option to purchase up to an additional 300,000 shares of its common stock to cover overallotments.

The Company intends to use the net proceeds from this offering to invest in specialized industrial real estate assets that support the regulated cannabis cultivation and processing industry.