While Innovative Industrial Properties (NYSE: IIPR) had been managing to stay ahead of nonpaying tenants, the cannabis real estate investment trust (REIT) is now suffering along side the rest of the cannabis industry. The reason? One of its largest portfolio holdings has joined the nonpaying cohort. And now shareholders are throwing in the towel. In […]
Cannabis real estate manager Innovative Industrial Properties (IIP) is claiming that multistate operator PharmaCann has defaulted on several of its leases across the country. IIP, a San Diego-based-headquartered real estate investment trust (REIT), alleges in a news release that PharmaCann defaulted on December rent obligations totaling $4.2 million on six properties located in Illinois, Massachusetts, […]
The Daily Hit is a recap of the top financial news stories for Wednesday, December 4, 2024. On the Site New York City cannabis czar pledges more help in finding real estate for dispensaries The Big Apple’s marijuana czar, Dasheeda Dawson, put in an appearance at MJBizCon this week to help spread the word that […]
