IIP resolves PharmaCann lease-default litigation with monetary judgments and property turnover orders

Reuters

Mar 16

IIP resolves PharmaCann lease-default litigation with monetary judgments and property turnover orders

Innovative Industrial Properties said it resolved all pending litigation with PharmaCann related to prior lease defaults. The settlement includes monetary judgments for amounts owed under leases tied to properties in New York, Ohio and Pennsylvania. The agreement requires turnover of the New York and Pennsylvania properties by May 20, 2026, and the Ohio property by May 26, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 202603160630BIZWIRE_USPR_____20260316_BW176692) on March 16, 2026, and is solely responsible for the information contained therein.

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The agreement requires turnover of the New York and Pennsylvania properties by May 20, 2026, and the Ohio property by May 26, 2026.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. 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