Innovative Industrial: Buy The 13% Yield And Its 9% Preferred Stock Ahead Of Potential Cannabis Rescheduling

Core Insights - Innovative Industrial Properties (IIPR) is experiencing volatility due to tenant defaults and challenges faced by cannabis operators from competition and illicit markets [1] Company Overview - IIPR is navigating through numerous tenant defaults, which is contributing to its stock volatility [1] - The cannabis industry is facing persistent headwinds, including competition from legal operators and illegal markets [1] Investment Strategy - The investment group led by Julian focuses on stocks with a high probability of delivering significant alpha compared to the S&P 500, combining growth principles with strict valuation criteria [1] - Julian Lin seeks undervalued companies with strong balance sheets and management teams in sectors with long-term growth potential [1]