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Innovative Industrial Properties Inc

56.28

-0.1350-0.24%

Volume:118.85K

Turnover:6.71M

Market Cap:1.55B

PE:12.71

High:57.11

Open:56.52

Low:56.01

Close:56.41

52wk High:65.38

52wk Low:44.58

Shares:27.57M

Float Shares:27.00M

Volume Ratio:0.69

T/O Rate:0.44%

Dividend:7.60

Dividend Rate:13.50%

EPS(TTM):4.43

EPS(LYR):3.93

ROE:7.39%

ROA:3.28%

PB:0.90

PE(LYR):14.32

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Overview Company News Filings

Innovative Industrial Properties unit takes $20 million secured term loan from Generations Bank

Earning Preview: Innovative Industrial Properties Inc this quarter’s revenue is expected to decrease by 7.08%, and institutional views are cautious

Acting AG Blanche Reclassifies Medical Marijuana as Less-Dangerous Drug, AP Reports

MT Newswires Live

IIP - Innovative Industrial Properties announces annual shareholder meeting

Market Chatter: US Expected to Ease Restrictions on Cannabis as Early as Wednesday

MT Newswires Live

US Expected to Ease Restrictions on Cannabis as Early as Wednesday, Bloomberg Reports

MT Newswires Live

Press Release: Innovative Industrial Properties Announces First Quarter 2026 Earnings Release Date and Conference Call

Innovative Industrial Properties updates financial calendar for quarterly results and conference call

Is It Time To Reconsider Innovative Industrial Properties (IIPR) After Recent Cannabis Sector Headlines

Simply Wall St.

Will Modestly Higher 2026 Earnings Estimates and Rich Yield Change Innovative Industrial Properties' (IIPR) Narrative?

Simply Wall St.

A Look At Innovative Industrial Properties (IIPR) Valuation After 2026 Estimate Revisions And High Dividend Yield

Simply Wall St.

IIP director Gary Kreitzer to retire, won’t seek re-election at annual meeting

A Look At Innovative Industrial Properties (IIPR) Valuation After The PharmaCann Settlement Resolves Rent Disputes

Simply Wall St.

What Innovative Industrial Properties (IIPR)'s PharmaCann Settlement and Asset Recontrol Means For Shareholders

Simply Wall St.

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Industrial Properties unit takes $20 million secured term loan from Generations Bank","url":"https://stock-news.laohu8.com/highlight/detail?id=2631043524","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2631043524?lang=en_us&edition=fundamental","pubTime":"2026-04-30 05:23","pubTimestamp":1777497830,"startTime":"0","endTime":"0","summary":"Innovative Industrial Properties unit IIP-IL 2 LLC issued a USD 20 million secured term loan promissory note to Generations Bank on April 24, 2026.Loan matures April 22, 2029; note carries fixed 9% annual interest rate.Borrower will make interest-only monthly payments for first 12 months.Loan then amortizes on a 20-year schedule; balloon payment due at maturity.Financing is secured by collateral tied to properties in Kankakee County and Will County, Illinois; Innovative Industrial Properties guarantees obligations under loan.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Re","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260429:nNDL56XVTh:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4224","IIPR","BK4171"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"1140840361","title":"Earning Preview: Innovative Industrial Properties Inc this quarter’s revenue is expected to decrease by 7.08%, and institutional views are cautious","url":"https://stock-news.laohu8.com/highlight/detail?id=1140840361","media":"Earnings Agent","labels":["earningPreview"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/1140840361?lang=en_us&edition=fundamental","pubTime":"2026-04-27 14:11","pubTimestamp":1777270275,"startTime":"0","endTime":"0","summary":"Abstract Innovative Industrial Properties Inc will publish its fiscal first-quarter 2026 results on May 4, 2026 Post Market, and this preview consolidates the latest quarterly actuals and...","market":"hk","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":"Earning Preview: Innovative Industrial Properties Inc this quarter’s revenue is expected to decrease by 7.08%, and institutional views are cautious","news_tag":"earningPreview","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IIPR"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2629592831","title":"Acting AG Blanche Reclassifies Medical Marijuana as Less-Dangerous Drug, AP Reports","url":"https://stock-news.laohu8.com/highlight/detail?id=2629592831","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2629592831?lang=en_us&edition=fundamental","pubTime":"2026-04-23 20:25","pubTimestamp":1776947141,"startTime":"0","endTime":"0","summary":"Acting AG Blanche Reclassifies Medical Marijuana as Less-Dangerous Drug, AP Reports","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["BK4557","TLRY","BK4547","BK4007","BK4224","BK4596","CRON","HITI","SNDL","AG","IIPR","BK4171","BK4210"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2629407873","title":"IIP - Innovative Industrial Properties announces annual shareholder meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2629407873","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2629407873?lang=en_us&edition=fundamental","pubTime":"2026-04-23 04:40","pubTimestamp":1776890408,"startTime":"0","endTime":"0","summary":"Innovative Industrial Properties will hold its annual stockholders meeting in San Diego on June 9, 2026.Items for a vote include election of five directors.Additional proposals include adoption of 2026 Omnibus Incentive Plan.Advisory votes will cover named executive officer compensation plus frequency of future executive compensation votes.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission , on April 22, 2026, and is solely responsible for the information contained therein.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260422:nNDL7YJXND:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["IIPR","BK4224","BK4171"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2629902933","title":"Market Chatter: US Expected to Ease Restrictions on Cannabis as Early as Wednesday","url":"https://stock-news.laohu8.com/highlight/detail?id=2629902933","media":"MT Newswires Live","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2629902933?lang=en_us&edition=fundamental","pubTime":"2026-04-23 00:56","pubTimestamp":1776876981,"startTime":"0","endTime":"0","summary":"The US Department of Justice is expected as soon as Wednesday to lower cannabis' classification into a less-restrictive federal category, Bloomberg reported Wednesday, citing a person familiar with the matter.The move would shift cannabis to Schedule III from Schedule I, the government's most restrictive class, the report said, citing the person.The White House didn't immediately respond to a request for comment from MT Newswires.Price: 7.69, Change: +0.80, Percent Change: +11.58","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["CNBS","BK4547","CRON","MSOX","IIPR","MJ","TOKE","MSOS","WEED","YOLO","BK4171","BK4007","BK4557","SNDL","TLRY","BK4224","HITI","BK4596"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2629267740","title":"US Expected to Ease Restrictions on Cannabis as Early as Wednesday, Bloomberg Reports","url":"https://stock-news.laohu8.com/highlight/detail?id=2629267740","media":"MT Newswires Live","labels":["policyRegulatory"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2629267740?lang=en_us&edition=fundamental","pubTime":"2026-04-23 00:46","pubTimestamp":1776876368,"startTime":"0","endTime":"0","summary":"Price: 7.68, Change: +0.79, Percent Change: +11.47","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.mtnewswires.com/","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"policyRegulatory","news_rank":0,"length":0,"strategy_id":0,"source":"mtnewswires_news","symbols":["MSOX","TLRY","HITI","CNBS","IIPR","SNDL","BK4171","CRON","BK4224","BK4596","TOKE","BK4557","WEED","MJ","MSOS","YOLO","BK4547","BK4007"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2628744663","title":"Press Release: Innovative Industrial Properties Announces First Quarter 2026 Earnings Release Date and Conference Call","url":"https://stock-news.laohu8.com/highlight/detail?id=2628744663","media":"Dow Jones","labels":["conferences"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2628744663?lang=en_us&edition=fundamental","pubTime":"2026-04-20 18:40","pubTimestamp":1776681600,"startTime":"0","endTime":"0","summary":"Innovative Industrial Properties, Inc.   announced today it will report its first quarter 2026 results after the close of trading on the New York Stock Exchange on Monday, May 4, 2026.Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, May 5, 2026, to discuss the company's financial results and operations for the quarter.","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"conferences","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["REIT","IIPR","BK4171","BK4224"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2628741092","title":"Innovative Industrial Properties updates financial calendar for quarterly results and conference call","url":"https://stock-news.laohu8.com/highlight/detail?id=2628741092","media":"Reuters","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2628741092?lang=en_us&edition=fundamental","pubTime":"2026-04-20 18:30","pubTimestamp":1776681022,"startTime":"0","endTime":"0","summary":"Innovative Industrial Properties schedules Q1 fiscal 2026 earnings release for May 4, 2026.Investor conference call set for May 5, 2026 at 9:00 a.m. Pacific Time.","market":"nz","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260420:nNDL6dl1ty:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4171","BK4224","IIPR"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2627419189","title":"Is It Time To Reconsider Innovative Industrial Properties (IIPR) After Recent Cannabis Sector Headlines","url":"https://stock-news.laohu8.com/highlight/detail?id=2627419189","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2627419189?lang=en_us&edition=fundamental","pubTime":"2026-04-14 16:12","pubTimestamp":1776154348,"startTime":"0","endTime":"0","summary":"If you are wondering whether Innovative Industrial Properties is attractively priced or not, the first step is to look closely at what the current share price is really offering you.\nThe stock recently closed at US$50.68, with returns of 2.5% over 7 days, a 3.8% decline over 30 days, a 2.4% gain year to date, a 15.4% gain over 1 year, a 3.5% decline over 3 years, and a 57.2% decline over 5 years.\nRecent news around the company has focused on its position in the specialized real estate space...","market":"sg","thumbnail":"https://images.simplywall.st/asset/industry/9551732-choice2-main-header/1585187231071","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/9551732-choice2-main-header/1585187231071"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/real-estate/nyse-iipr/innovative-industrial-properties/news/is-it-time-to-reconsider-innovative-industrial-properties-ii-1","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/us/real-estate/nyse-iipr/innovative-industrial-properties/news/is-it-time-to-reconsider-innovative-industrial-properties-ii-1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["BK4171","MSOS","MSOX","YOLO","TOKE","MJ","DCF","CFA.SI","CNBS","IIPR","WEED","BK4224"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2627034741","title":"Will Modestly Higher 2026 Earnings Estimates and Rich Yield Change Innovative Industrial Properties' (IIPR) Narrative?","url":"https://stock-news.laohu8.com/highlight/detail?id=2627034741","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2627034741?lang=en_us&edition=fundamental","pubTime":"2026-04-13 00:16","pubTimestamp":1776010615,"startTime":"0","endTime":"0","summary":"In recent months, Innovative Industrial Properties, a cannabis-focused REIT, has seen mixed but slightly higher 2026 earnings estimates while continuing to offer a very high dividend yield, even as cannabis operators face ongoing industry pressures.\nThis combination of modestly improving earnings expectations and a substantial income payout has drawn fresh investor attention to the REIT’s resilience within a challenged sector.\nNext, we’ll examine how the modest upward shift in earnings...","market":"nz","thumbnail":"https://images.simplywall.st/asset/industry/9551732-choice2-main-header/1585187231071","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/9551732-choice2-main-header/1585187231071"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/real-estate/nyse-iipr/innovative-industrial-properties/news/will-modestly-higher-2026-earnings-estimates-and-rich-yield","rn_cache_url":null,"directOrigin":true},"property":["earning"],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/us/real-estate/nyse-iipr/innovative-industrial-properties/news/will-modestly-higher-2026-earnings-estimates-and-rich-yield","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["IIPR"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2626912615","title":"A Look At Innovative Industrial Properties (IIPR) Valuation After 2026 Estimate Revisions And High Dividend Yield","url":"https://stock-news.laohu8.com/highlight/detail?id=2626912615","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2626912615?lang=en_us&edition=fundamental","pubTime":"2026-04-11 20:16","pubTimestamp":1775909784,"startTime":"0","endTime":"0","summary":"Recent estimate revisions for 2026, which are slightly higher on balance, together with a reported 15.2% dividend yield, have pushed Innovative Industrial Properties (IIPR) onto more investors’ radar as cannabis operators continue to face industry pressures.\nSee our latest analysis for Innovative Industrial Properties.\nThe latest share price of US$51.0 leaves investors weighing mixed signals, with a 1-year total shareholder return of 19.57% contrasting with a 5-year total shareholder return...","market":"hk","thumbnail":"https://images.simplywall.st/asset/industry/9551732-choice2-main-header/1585187231071","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/9551732-choice2-main-header/1585187231071"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/real-estate/nyse-iipr/innovative-industrial-properties/news/a-look-at-innovative-industrial-properties-iipr-valuation-af-4","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/us/real-estate/nyse-iipr/innovative-industrial-properties/news/a-look-at-innovative-industrial-properties-iipr-valuation-af-4","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["BK4224","IIPR","BK4171"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2626962148","title":"IIP director Gary Kreitzer to retire, won’t seek re-election at annual meeting","url":"https://stock-news.laohu8.com/highlight/detail?id=2626962148","media":"Reuters","labels":["executive"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2626962148?lang=en_us&edition=fundamental","pubTime":"2026-04-11 04:32","pubTimestamp":1775853128,"startTime":"0","endTime":"0","summary":"Innovative Industrial Properties director Gary Kreitzer will retire from board and will not stand for re-election at 2026 annual shareholder meeting.Kreitzer notified company of decision on April 6, 2026.Retirement was not linked to any disagreement over company operations, policies, or practices.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission , on April 10, 2026, and is solely responsible for the information contained therein.","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260410:nNDL2FyszK:1","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"executive","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["BK4171","IIPR","BK4224"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2623506333","title":"A Look At Innovative Industrial Properties (IIPR) Valuation After The PharmaCann Settlement Resolves Rent Disputes","url":"https://stock-news.laohu8.com/highlight/detail?id=2623506333","media":"Simply Wall St.","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2623506333?lang=en_us&edition=fundamental","pubTime":"2026-03-30 02:06","pubTimestamp":1774807580,"startTime":"0","endTime":"0","summary":"Why the PharmaCann settlement matters for IIPR\nInnovative Industrial Properties (IIPR) has drawn attention after reaching a settlement with PharmaCann to resolve rent default lawsuits, terminate three property leases, and regain possession of facilities in New York, Ohio, and Pennsylvania.\nSee our latest analysis for Innovative Industrial Properties.\nThe PharmaCann settlement lands at a time when momentum in IIPR’s share price is soft in the short term, with a 30 day share price return...","market":"us","thumbnail":"https://images.simplywall.st/asset/industry/9551732-choice2-main-header/1585187231071","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/9551732-choice2-main-header/1585187231071"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/real-estate/nyse-iipr/innovative-industrial-properties/news/a-look-at-innovative-industrial-properties-iipr-valuation-af-3","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/us/real-estate/nyse-iipr/innovative-industrial-properties/news/a-look-at-innovative-industrial-properties-iipr-valuation-af-3","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["BK4171","IIPR","BK4224"],"isVideo":false,"video":null,"gpt_icon":0},{"id":"2621144637","title":"What Innovative Industrial Properties (IIPR)'s PharmaCann Settlement and Asset Recontrol Means For Shareholders","url":"https://stock-news.laohu8.com/highlight/detail?id=2621144637","media":"Simply Wall St.","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2621144637?lang=en_us&edition=fundamental","pubTime":"2026-03-22 17:06","pubTimestamp":1774170402,"startTime":"0","endTime":"0","summary":"In February 2026, Innovative Industrial Properties, Inc. entered into a settlement with PharmaCann to resolve rent-default lawsuits, requiring PharmaCann to close operations and surrender three leased cannabis cultivation properties in New York, Ohio, and Pennsylvania by late May 2026, with court-approved possession and monetary judgments favoring IIPR.\nThis settlement removes legal uncertainty around key assets, giving IIPR clearer control over the properties and flexibility to reposition...","market":"us","thumbnail":"https://images.simplywall.st/asset/industry/9551732-choice2-main-header/1585187231071","type":0,"news_type":0,"thumbnails":["https://images.simplywall.st/asset/industry/9551732-choice2-main-header/1585187231071"],"rights":{"source":"simplywall_highlight","url":"https://simplywall.st/stocks/us/real-estate/nyse-iipr/innovative-industrial-properties/news/what-innovative-industrial-properties-iiprs-pharmacann-settl","rn_cache_url":null,"directOrigin":true},"property":[],"language":"en","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://simplywall.st/stocks/us/real-estate/nyse-iipr/innovative-industrial-properties/news/what-innovative-industrial-properties-iiprs-pharmacann-settl","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"corporation","news_rank":0,"length":0,"strategy_id":0,"source":"simplywall_highlight","symbols":["BK4171","CFA.SI","BK4224","IIPR"],"isVideo":false,"video":null,"gpt_icon":0}],"pageSize":20,"totalPage":5,"pageCount":5,"totalSize":94,"code":"91000000","status":"200"}]}}