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

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

Cannabis stocks, as measured by the Global Cannabis Stock Index, were quite volatile this year. The index gained in September ...

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 ...

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 ...

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

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 ...

Innovative Industrial Properties Reports Default by PharmaCann on All Leases. SAN DIEGO–(BUSINESS WIRE), –Innovative ...