IIPR resolves PharmaCann litigation, reports new tenant defaults
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Innovative Industrial Properties Announces PharmaCann Resolution and Provides Portfolio Update
March 16, 2026 6:30 AM EDTSAN 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:
PharmaCann
The Company has resolved all pending litigation with PharmaCann Inc. (PharmaCann) with respect to PharmaCanns prior lease defaults. The settlement agreement that the Company has entered into with PharmaCann includes monetary judgments... More
