Alan Gold

“I think that's a great starting question because it goes to our belief that we now are positioned for growth. growth and it allows us to take advantage of the execution that we've done on the balance sheet and obviously the execution we've done in the current portfolio.”

“First, I'd like to touch on the rescheduling of cannabis from Schedule 1 to 3, a significant regulatory development impacting the cannabis industry.”

“2025 was a year defined by discipline execution, balance sheet strength, and strategic repositioning for long term growth. For the full year, our diversified platform of over $2.5 billion of gross assets generated approximately $200 million of cash flows from operations.”

“In the third quarter, we completed our initial investment into IQ HQ, a premier life science real estate platform that enhanced the diversification of the company and is expected to provide significant earnings accretion for the benefit of IIP shareholders.”

“Yesterday, we announced our first expansion outside of the cannabis industry with a strategic investment in IQHQ, a leading private life science REIT.”