A New Marijuana REIT Rival for Innovative Industrial Properties Is Coming to the Market

Since its debut on the stock market in late 2017, Innovative Industrial Properties (NYSE: IIPR) has been the only publicly traded cannabis-focused real estate investment trust (REIT). But in the near future, a new kid will arrive on the block.

Like Innovative, this company will concentrate solely on the grow spaces, processing facilities, retail stores, and other real estate required by the marijuana industry.

The new kid -- just what name it will go by remains something of a question mark -- will come to the public market via a special purpose acquisition company (SPAC) now called Subversive Real Estate Acquisition REIT (OTC: SBVR.F).

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Source Fool.com