News

Innovative Industrial Properties Expands Long-Term Real Estate Partnership with Kings Garden in California

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it is extending its long-term real estate relationship with Kings Garden Inc. (Kings Garden), one of California’s top cannabis producers, with the acquisition of approximately 3.5 acres in Southern California adjacent to one of IIP’s properties leased to Kings Garden, where IIP and Kings Garden will partner on the development of two additional buildings totaling approximately 180,000 square feet of industrial space.

Kings Garden Enters Joint Venture To Fund New Grow Facility Expanding Footprint In Coachella Valley

CATHEDRAL CITY, Calif., Jan. 19, 2021 /PRNewswire/ — Today, Kings Garden, the original and largest cannabis cultivation, processing and manufacturing company in California announced a joint venture to fund a new 24K sq. ft. grow facility in Cathedral City, Ca. The $9.5M deal supports the brand’s continued expansion in California – the #1 cannabis market in the United States. Construction on the facility is set to begin later this January, with a projected completion date of end of 2021.

Dem-Controlled Senate Could Usher In Cannabis Reform, Say Experts

With the Democrats gaining majority control of the U.S. Senate for the first time since 2010, some pundits in the legal cannabis community are eagerly weighing in on how this shift in leadership will impact the industry from a regulatory standpoint.

Cannabis-industry investors ‘are likely overestimating the odds for federal decriminalization,’ analyst says

SAFE BANKING ACT SEEN AS MARIJUANA-RELATED BILL THAT’S MOST LIKELY TO PASS DEMOCRATIC-RUN U.S. SENATE IN THE NEXT 2 YEARS.

While cannabis stocks have soared this week after Democratic wins in Georgia’s runoffs put that party in control of the U.S. Senate, one analyst has warned the rally looks overdone.

Cresco Labs Extends Partnership With Top-selling California Cannabis Brand, Kings Garden

CHICAGO–(BUSINESS WIRE)–Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or “the Company”), one of the largest vertically integrated, multistate cannabis operators in the United States, announced today that it had entered into an extension of its distribution agreement (the “Agreement”) with the leading California-based cannabis brand Kings Garden Inc. (“Kings Garden”). Under the Agreement, Cresco’s subsidiary, Continuum, which is one of the largest full-service distribution businesses in the state, will continue to serve as the exclusive distributor of Kings Garden packaged products.

Innovative Industrial Properties Expands Long-Term Real Estate Partnership with Kings Garden with Acquisition of New California Property

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it is extending its long-term real estate relationship with Kings Garden Inc. (Kings Garden), one of California’s top cannabis producers, with the acquisition of a Southern California property, which comprises approximately 192,000 square feet of industrial space.

Coachella Valley ‘King of Weed’ Grows Highest THC % Cannabis in California

Welcome to the King of Weed. Kings Garden is California’s highest THC % cannabis grow operation based in Palm Springs (Coachella Valley).

“Kings Garden is the original Coachella Valley cannabis grow operation. What this means on the surface, is that we received the first licenses issued in both Cathedral City and Palm Springs. But what makes us truly who we are, runs much deeper. Our co-founder hails from one of Palm Springs’ founding families. Which means Kings Garden is more than a place we work. This is our home. A genuinely rare and revered corner of the world. A mecca which never ceases to inspire our creativity and drive our passion to create a family of cannabis strains unmatched in consistency, value – and above all – quality.”

Kings Garden Announces Initiation of Regular Quarterly Dividend Backed by Record Financial Results in the First Half of 2020

Represents the first time in the history of the legal cannabis industry that a prominent brand has declared a regular cash dividend to shareholders1.

COACHELLA VALLEY, CA, June 20, 2020 /CNW/ – Kings Garden Inc (“Kings Garden” or the “Company”), one of the most prominent cannabis brands in the U.S. market, announced an industry-first today with the declaration of a regular quarterly dividend of US$1 million, to be paid at the end of Q2-2020 and quarterly thereafter.

Innovative Industrial Properties Acquires California Property and Expands Long-Term Real Estate Partnership with Kings Garden

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in southern California, which comprises approximately 70,000 square feet of industrial space.

Kings Garden Inc on the Value of Brotherhood and the Direct Correlation Between the Team and Success of the Organization

The cannabis industry is notoriously one of the most competitive and cutthroat industries in the world. With a $10 billion market at stake, it is no surprise why some of the world’s leading companies and entrepreneurs are fighting for their share. Additionally, investors have started to allocate more of their resources towards cannabis, which has resulted in an additional inflow of over $14 billion globally in 2018 alone.

How Kings Garden Rose to the Top of the Cannabis Industry

As with any highly popular industry, the cannabis industry took the world by storm and created a high stakes opportunity that merged changing laws, a complicated black market, and legitimate entrepreneurs who looked to capture an explosive opportunity.

In California specifically, the industry has flourished for decades, as the state was at the forefront of both medicinal legal approval in 1996 and recreational approval in 2016 with Proposition 64. Simply put, the California cannabis market is the most competitive, promising, and renowned market in the world.

Kings Garden Announces Expansion via Licensing and Management Deals

Kings Garden, one of the largest and most successful indoor cannabis producers in California, has announced upcoming licensing and management deals in order to capitalize on its rapid growth since launching in 2015.

Co-Founded by Michael King and Charlie Kieley, Kings Garden’s focus on operational excellence and quality has helped log $45 million in revenue in 2019, up 50% from 2018. The company expects to reach between $75 and $80 million in revenue in 2020 and up to $100 million by 2021, with a consistent EBITDA of 20%+, over triple the average of the top five publicly traded companies.

Profitable California Cannabis Cultivator Kings Garden Is Paying Dividends to Its Investors

Exclusive Interview with Kings Garden Co-Founders Michael King and Charlie Kieley

Kings Garden started five years ago in the Coachella Valley region of California. Since then, it has grown into a profitable cultivation company backed by the funding of friends and family. Founders CEO Michael King and COO Charlie Kieley spoke with New Cannabis Ventures about their company’s California presence, their approach to distribution and their thoughts on the commoditization of cultivation.

Origin House Strengthens Partnership with Top-Selling California Cannabis Brand, Kings Garden, Through Exclusive Distribution Agreement

OTTAWA, Dec. 30, 2019 (Canada NewsWire via COMTEX) — Kings Garden produces top-quality, boutique cannabis products and is consistently ranked as one of California’s top brands across product categories.

CannaRoyalty Corp. d/b/a Origin House (OH) (otcqx:ORHOF) (“Origin House” or the “Company”), a North American cannabis products and brands company today announced that its California distribution division, Continuum, has entered into a distribution agreement (the “Agreement”) with California-based boutique cannabis brand Kings Garden Inc. (“Kings Garden”) to be the exclusive distributor of all Kings Garden products in California. In Q3 2019, Kings Garden was ranked as one of the leading flower brands in California, recording the second highest unit sales growth from Q1 to Q3 2019 in the state(1).

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“WE ONLY HAVE TWO PRIORITIES AROUND HERE. QUALITY AND QUALITY.”

- Charlie Kieley, Founder, Chief Operating Officer

“WE ONLY HAVE TWO PRIORITIES AROUND HERE. QUALITY AND QUALITY.”

- Charlie Kieley, Founder, Chief Operating Officer