IIP

Cannabis REIT IIP Lawsuit Dismissed By New Jersey Judge A New Jersey Judge has dismissed an investor lawsuit against cannabis REIT Innovative Industrial Properties (IIP) (NYSE: IIPR) that accused IIP of knowing about fraudulent activities by its tenant Kings Garden. The investors claimed that IIP...

A Pennsylvania state court has ruled for the dissolution of Gooblend Pennsylvania LLC, a subsidiary of Parallel, a prominent cannabis operator. $5.8 Million Rent Default In Legal Battle The court order, disclosed on August 24, resulted from Goodblend's failure to pay $5.8 million in rent and...

Stocks of REIT Innovative Industrial Properties (NYSE: IIPR), the first and only cannabis-focused real estate company on the NY Stock Exchange, fell 7% on Thursday and closed at $169.68 near its 52-week lows after Blue Orca Capital issued a short-seller report on the fund, reported...

Innovative Industrial Properties Inc. (NYSE: IIPR) has purchased a Texas-based property for roughly $3.4 million. The San Diego cannabis REIT confirmed Thursday it's closing the acquisition of a San Marcos-based property and entering into a long-term lease with Surterra Texas'...