Innovative Industrial Properties, Inc (IIPR)

IIPR-11-17-300x158 Cannabis Stock Price Analysis: Innovative Industrial Properties

We’ve barely touched upon IIPR in this forum, but it makes for an interesting cannabis play as a REIT that focuses on acquiring and leasing out industrial properties for cannabis production. With the volume behind it dwindling, we see a symmetrical triangle (1) forming, which is kind of funny because it is taking place within another formation that appears like a cross between a trading range and a head-and-shoulders pattern. As with all of these technical patterns, what happens from here on is dependent on what fundamentally unfolds as the Canadian market kicks off into high gear. In other words, what happens from today on amy completely alter the technical picture, potentially rendering any technical forecast moot.

 


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