It purchased the property from PharmaCann LLC, a grower and dispenser of medical cannabis in eight U.S. Two weeks later, the REIT acquired a 127,000-square-foot industrial property in New York state.

The company raised $61.1 million in its initial public offering on Dec. However, in reality, the real estate investment trust (REIT) that specializes in owning medical-use cannabis facilities snapped up its first site in December 2016. It seems like only yesterday that Innovative Industrial Properties ( IIPR, $91.50) bought its first property. 3-year annualized revenue growth: 418.2% (3-year annualized).Here, then, are 12 small-cap growth stocks to buy if you're constructing a diversified portfolio and need a little oomph. Once investors come to the realization that small-cap stocks should have superior potential returns over the next two to three years, however, you'll see small-cap stocks' valuations (and, of course, their prices) rise dramatically. That's because they're largely being valued at or near historical lows.

economy starts to recover, however, small-cap growth stocks will benefit the most. 'And investors have been forced into mega cap stocks because if you are benchmarked against the S&P 500 and you don't own Facebook, Apple, Netflix, etc., you are going to trail the index, and that sucks money out of the small-cap sector.'ДЄs the U.S. Opportunities Fund portfolio manager Nick Ford recently told CNBC. 'We are just exiting a seven-year underperformance cycle partially driven by the popularity of mega stocks, particularly the FAANGs (Facebook, Apple, Amazon, Netflix, Google),' U.K.-based Miton U.S. That's great news for portfolio managers overseeing small-cap stocks, which have suffered significant underperformance in recent years. While the novel coronavirus continues to inflict pain in the U.S., investors are looking for companies with greater earnings visibility.

Best micro cap stocks 2020