Innovative Industrial Properties Announces PharmaCann Resolution and Provides Portfolio Update
Innovative Industrial Properties, Inc. (IIPR)
US:NYSE Investor Relations:
investors.innovativeindustrialproperties.com
Company Research
Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”) announced today the following portfolio updates, including the execution of 122,000 square feet of new leases in March 2026, as the Company continues to execute on its previously announced plan to enhance the performance of its real estate portfolio and drive long-term value for its shareholders:PharmaCannThe Company has resolved all pending litigation with PharmaCann Inc. (“PharmaCann”) with respect to PharmaCann’s prior lease defaults. The settlement agreement that the Company has entered into with PharmaCann includes monetary judgments for amounts owed by PharmaCann under the leases for New York, Ohio and Pennsylvania and mandates the turnover of these properties to the Company by May 20, 2026 for the New York and Pennsylvania properties and by May 26, 2026 for the Ohio property. The Company is actively working on retenanting these properties and is in active discussions wit
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News
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- Innovative Industrial Properties (IIPR) was upgraded by <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from "sell (d+)" to "hold (c-)".MarketBeat
IIPR
Earnings
- 2/23/26 - Beat
IIPR
Sec Filings
- 3/16/26 - Form 8-K
- 3/4/26 - Form 8-K
- 2/24/26 - Form 10-K
- IIPR's page on the SEC website