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Buds & Duds: Indus to report 1Q earnings, Innovative Industrial Properties announces $100M offering

The North American Marijuana index nudged up slightly today to hit 104 points.

Buds today included Indus Holdings (OTCMKTS:INDXF), up almost 3% this morning on news the Salinas-California vertically integrated cannabis firm announced it would report its first quarter earnings after the market closes on Thursday, May 28.

The duds were Innovative Industrial Properties (NYSE:IIPR), down more than 2% this morning on news the San-Diego based company that targets medical-use cannabis facilities for acquisition announced pricing of a public offering for gross proceeds of approximately $100 million. The offering is expected to close on or about May 29, 2020.

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