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.

Innovative Industrial Properties stock falls 20.6% after PharmaCann defaults on rent payments for several leased properties, ...

Cannabis rescheduling to Schedule III alleviates tax burdens, boosting tenant stability and long-term profitability. 17.3% of ...

Shares of Innovative Industrial Properties (NYSE: IIPR), the country's leading cannabis real estate investment trust (REIT), ...

Innovative Industrial Properties, Inc. (IIP), through indirect, wholly owned subsidiaries serving as landlords, previously entered into leases (collectively, the Leases) with PharmaCann Inc. and its ...

Plymouth Industrial REIT outshines Innovative Industrial Properties in terms of tenant defaults and other factors. Find out ...

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, which operates under leases with IIP for eleven properties, failed to meet its December rent obligations totaling $4.2 million. As a result, IIP applied the security deposits held ...