Paul E. Smithers has served as President and Chief Executive Officer of Innovative Industrial Properties, Inc. since its inception in 2016. Innovative Industrial Properties, Inc. is the pioneering real estate investment trust for the cannabis industry and is the first publicly traded company on the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the cannabis industry. Innovative Industrial Properties, Inc. targets licensed cannabis facilities for acquisition, including sale-leaseback transactions, with tenants that are licensed growers under long-term, triple-net leases. As of March 1, 2022, IIP owned 105 properties located in 19 states, totaling approximately 8.0 million rentable square feet, which were 100% leased, with a weighted-average remaining lease term in excess of 16 years. As of March 1, 2022, IIP had invested approximately $2.0 Billion in its portfolio of cannabis properties.