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Innovative Industrial Properties Prices Public Offering of 1,300,000 Shares of Common Stock

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SAN DIEGO–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today the pricing of an underwritten public offering of 1,300,000 shares of its common stock at $126.00 per share for gross proceeds of $163.8 million. The offering is expected to close on or about July 16, 2019, subject to customary closing conditions. The Company has also granted the underwriters a 30-day option to purchase up to an additional 195,000 shares of its common stock. All of the shares are being sold by the Company.

The Company intends to use the net proceeds from this offering to invest in specialized industrial real estate assets that support the regulated cannabis cultivation and processing industry that are consistent with its investment strategy, and for general corporate purposes.

BTIG, LLC, Compass Point Research & Trading, LLC and Ladenburg Thalmann & Co. Inc., a subsidiary of Ladenburg Thalmann Financial Services Inc. (NYSE American: LTS), are acting as joint book-running managers for the offering.

The offering of the Company’s common stock will be made only by means of a prospectus supplement and the accompanying prospectus. Copies of the preliminary prospectus supplement, final prospectus supplement (when available) and the accompanying prospectus may be obtained by contacting BTIG, LLC at 65 East 55th Street, New York, NY 10022, or by email at equitycapitalmarkets@btig.com; Compass Point Research & Trading, LLC at 1055 Thomas Jefferson Street, N.W., Suite 303, Washington, DC 20007, or by email at syndicate@compasspointllc.com; or Ladenburg Thalmann & Co. Inc., 277 Park Avenue, 26th Floor, New York, NY 10172, or by email at prospectus@ladenburg.com.

A registration statement relating to these securities has been declared effective by the Securities and Exchange Commission. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the offered securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is an internally-managed real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a REIT, commencing with the year ended December 31, 2017.

This press release contains statements that the Company believes to be “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts, including, without limitation, statements regarding the offering and the use of proceeds from the offering, are forward-looking statements. When used in this press release, words such as we “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe” or “should” or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. For a discussion of some of the risks and important factors that could affect such forward-looking statements, see the sections entitled “Risk Factors” in the prospectus supplement and the prospectus related to the offering and in the Company’s Annual Report on Form 10-K and Quarterly Reports on Form 10-Q incorporated by reference in the prospectus supplement and prospectus related to the offering. Investors should not place undue reliance upon forward-looking statements. The Company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contacts

Catherine Hastings

Chief Financial Officer, Chief Accounting Officer and Treasurer

Innovative Industrial Properties, Inc.

(858) 997-3332

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Business Wire

Karuna Therapeutics Schedules Webcast and Conference Call to Announce Results from its Phase 2 Clinical Trial of KarXT for the Treatment of Psychosis in Patients with Schizophrenia

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BOSTON–(BUSINESS WIRE)–$KRTX–Karuna Therapeutics, Inc. (Nasdaq: KRTX), a clinical-stage biopharmaceutical company committed to developing novel therapies with the potential to transform the lives of people with disabling and potentially fatal neuropsychiatric disorders and pain, today announced it will hold a webcast and conference call on Monday, November 18, 2019 at 8:30 a.m. EST to provide results from its Phase 2 clinical trial of KarXT for the treatment of acute psychosis in patients with schizophrenia.

The dial-in numbers are 1-855-548-1216 for domestic callers and 1-409-216-6318 for international callers. The conference ID number for the live call will be 9498519. A live webcast of the conference call will also be available on the investor relations page of the Karuna Therapeutics corporate website at www.karunatx.com. After the live webcast, the event will remain archived on the Karuna Therapeutics website for three months.

About Karuna

Karuna is a clinical-stage biopharmaceutical company committed to developing and delivering first-in-class therapies with the potential to transform the lives of people with central nervous system (CNS) disorders – which remain among the most disabling and potentially fatal disorders worldwide. Galvanized by the understanding that today’s neuropsychiatric and pain management patients deserve better, Karuna’s mission is to harness the untapped potential of the brain’s complex biology in pursuit of novel therapeutic pathways that will advance the standard of care. For more information, please visit karunatx.com.

Contacts

Investor Contact:
Chris Brinzey

Westwicke, an ICR Company

+1 339 970-2843

chris.brinzey@westwicke.com

Media Contact:
Jenn Gordon

GlobalHealthPR

+1 202 587-2580

jgordon@globalhealthpr.com

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Business Wire

Dubai Future Accelerators to Pick New Cohort of Innovative Startups to Address Global Challenges

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  • Cohort 7 to commence exploring future-focused solutions; applications open until November 30, 2019
  • Program addresses government-identified challenges across key sectors

DUBAI, United Arab Emirates–(BUSINESS WIRE)–Dubai Future Accelerators (DFA), an initiative of Dubai Future Foundation (DFF) and the Government of Dubai, is once again scouting new talent from among the world’s most innovative startups and scale-ups to join its flagship program.


DFA is set up as a business development and market-entry accelerator based on specific demands identified by its partners. Startups and scale-ups offering software or product-solutions that meet partners’ requirements are invited to submit their applications until November 30, 2019.

Cohort 7 will invite startups to experiment with emerging technologies, including artificial intelligence (AI) to brainstorm innovative solutions to the likely challenges facing cities of the future in key industries, such as healthcare, transportation, and safety and security.

With DFA facilitating collaborations, the companies will work hand in hand with government entities to address their industry-specific issues. Participating government partners will include Dubai Electricity and Water Authority (DEWA), the Roads and Transport Authority (RTA), the Dubai Health Authority (DHA), Dubai Police and Etisalat Digital.

The launch of this year’s edition follows the success of six earlier cohorts that synergized 13 government entities and 219 startups on 97 challenges. Furthermore, 71 percent of these startups have signed agreements with their partner entities to test their solutions through pilot projects or implement them within their organizations.

Dubai Future Accelerators is an intensive nine-week program that forges partnerships with government entities and private sector organizations from Dubai with startups, scale-ups and innovative SMEs from around the world to co-create transformational solutions. It offers a unique opportunity for entrepreneurs to use the city as a test bed for their avant-garde prototypes.

Companies selected to join our 7th cohort get invited to an in-residence program where participants will benefit from direct access to senior decision makers, access to a coworking space, paid roundtrip airfare to Dubai and paid accommodation for the duration of their participation in the mentorship program. Furthermore, DFA does not take any equity in the participating startups.

Interested startups that are keen to participate in the global challenge and shape solutions for the future can register now at https://dubaifutureaccelerators.com/en/

*Source: AETOSWire

Contacts

Dubai Future Foundation
Noora Al Hathboor, +97145166522

noora.alhathboor@dubaifuture.gov.ae
http://www.dubaifuture.gov.ae

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Business Wire

The Best Verizon Black Friday Deals (2019): List of Early iPhone, Pixel & Galaxy Cell Phone & Fios Wireless Savings Shared by Deal Tomato

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Compare early Verizon Wireless Black Friday 2019 deals and save now on Apple iPhone 11, XS, 8, Galaxy S10, Note10 & Verizon Fios wireless services

BOSTON–(BUSINESS WIRE)–Find the best early Verizon Wireless cell phone & Fios internet & TV Black Friday deals listed below, including instant savings on the latest Apple iPhone & Samsung Galaxy smartphones.

Best Verizon deals:

Black Friday deals run for a limited period of time. For the full range of live deals check out Amazon’s Black Friday deals page and Walmart’s Deal Drop page. Deal Tomato earns commissions from purchases made using the links provided.

Verizon offers a wide range of cell phone plans, internet & TV packages. Holiday deals often include attractive promotions for new customers and those looking to switch services. Promotions on the latest iPhone 11 Pro and Samsung Galaxy Note10 are to be expected this year, in addition to impressive deals on Verizon Fios internet packages.

Where are the best Black Friday deals? Holiday shoppers can visit Amazon and Walmart for two of the largest store-wide sales events during Black Friday and Cyber Monday.

Internet Retailer, an e-commerce news provider, reports that Amazon.com, Inc ranked number one in its 2019 US Top 1,000, a ranking of the leading web retailers in the US based on their online sales. Free shipping without a minimum purchase amount proved highly successful in boosting Amazon’s sales and reputation last year, as millions of products left shelves and found their way into US homes over the holiday shopping season.

Walmart has also demonstrated strong numbers over the Black Friday period. According to market research company eMarketer, Walmart.com received an impressive 132 million online visitors over the holiday sales season last year.

About Deal Tomato: Deal Tomato reports on online sales events. As an Amazon Associate Deal Tomato earns from qualifying purchases.

Contacts

Andy Mathews (andy@nicelynetwork.com)

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