http://www.streetinsider.com Latest StreetInsider.com News Articles en-us Copyright 2025, StreetInsider.com rss@streetinsider.com (SI RSS) rss@streetinsider.com (SI RSS) Fri, 20 Dec 2024 06:56:20 -0400 http://blogs.law.harvard.edu/tech/rss http://www.streetinsider.com/images/rss_logo.gif http://www.streetinsider.com 143 28 0 1 2 3 21 22 23 Saturday Sunday http://www.streetinsider.com/Corporate+News/Innovative+Industrial+Properties+Inc.+%28IIPR%29+Reports+Default+by+PharmaCann+on+All+Leases/24129450.html <p>Innovative Industrial Properties, Inc. (NYSE: IIP), through indirect, wholly owned subsidiaries serving as landlords, previously entered into leases (collectively, the Leases) with PharmaCann Inc. and its affiliates (collectively, PharmaCann) as tenants for eleven properties that IIP owns, which represented 17% of IIP’s total rental revenues for the three and nine months ended September 30, 2024.</p><p>On December 19, 2024, PharmaCann defaulted on its obligations to pay rent for the month of December under six of the eleven Leases, for properties located in Illinois, Massachusetts, Michigan, New York, Ohio and Pennsylvania. December rent, including base rent, property management fees and estimated tax http://www.streetinsider.com/Corporate+News/Innovative+Industrial+Properties+Inc.+%28IIPR%29+Reports+Default+by+PharmaCann+on+All+Leases/24129450.html Fri, 20 Dec 2024 06:56:20 -0400 IIP IIPR http://www.streetinsider.com/Corporate+News/Innovative+Industrial+Properties+Inc.+%28IIPR%29+Reports+Default+by+PharmaCann+on+All+Leases/24129450.html <p>Innovative Industrial Properties, Inc. (NYSE: IIP), through indirect, wholly owned subsidiaries serving as landlords, previously entered into leases (collectively, the Leases) with PharmaCann Inc. and its affiliates (collectively, PharmaCann) as tenants for eleven properties that IIP owns, which represented 17% of IIP’s total rental revenues for the three and nine months ended September 30, 2024.</p><p>On December 19, 2024, PharmaCann defaulted on its obligations to pay rent for the month of December under six of the eleven Leases, for properties located in Illinois, Massachusetts, Michigan, New York, Ohio and Pennsylvania. December rent, including base rent, property management fees and estimated tax http://www.streetinsider.com/Corporate+News/Innovative+Industrial+Properties+Inc.+%28IIPR%29+Reports+Default+by+PharmaCann+on+All+Leases/24129450.html Fri, 20 Dec 2024 06:56:20 -0400 IIP IIPR