Innovative Industrial Properties Hit By Cannabis Company PharmaCann's Rent...

Published on 20 Dec 2024 on Benzinga

Innovative Industrial Properties Hit By Cannabis Company PharmaCann's Rent...

Innovative Industrial Properties, Inc. IIPR shares are trading lower after the company disclosed that PharmaCann Inc. defaulted on rent payments for several of its leased properties.

On December 19, PharmaCann defaulted on its obligations to pay rent for the month of December under six of eleven leases, representing properties in Illinois, Massachusetts, Michigan, New York, Ohio, and Pennsylvania.

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