Innovative Industrial Remains An Exceptionally Dangerous Short

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About: Innovative Industrial Properties, Inc. (IIPR), Includes: CGC, CTST, STZ
by: Ian Bezek
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Summary

Innovative Industrial stock reached a new all-time high Thursday.

Shares fell four percent in Thursday after hours trading after announcing a capital raise.

Ignore the short-term reaction; this is exactly what Innovative Industrial should be doing.

Shorting the stock remains a bad bet.

A month ago, I warned readers to be careful with bets against Innovative Industrial Properties (IIPR) stock. While the stock certainly looks like a hype-driven bubble at first glance, there's actually a lot