Innovative Industrial Properties faces significant tenant issues, notably PharmaCann's rent default. Read why IIPR stock is ...

Such was the situation with marijuana real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) in ...

In this week’s “Rising High,” The Fly’s recurring series focused on cannabis and psychedelic stock news, The Fly looks back on a default on ...

Innovative Industrial Properties claims that cannabis operator PharmaCann has defaulted on several of its leases across the country.

While Innovative Industrial Properties (NYSE: IIPR) had been managing to stay ahead of nonpaying tenants, the cannabis real ...

Innovative Industrial Properties (IIPR) faces mixed analyst sentiment amid a selloff, with dividend cuts and tenant issues ...

The firm explained that the order of magnitude of the cross-default triggered the firm’s rating downgrade and price target cut as at the time the firm did not know if PharmaCann was “on the ...

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 ...

PharmaCann defaulted on rent payments for six leases, totaling $4.2 million, leading IIPR to apply security deposits to cover the arrears. IIPR plans to enforce lease rights, potentially including ...

Need more dividend yield in 2025? Consider real estate investment trusts (REITs), which were mandated to be dividend-paying machines. Income is the point—by law.