Innovative Industrial Properties Archives

Debra BorchardtAugust 3, 2023

After the market closed on Wednesday, Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced results for the second quarter ended June 30, 2023. The cannabis REIT delivered total revenues of approximately $76.5 million in the quarter, representing an 8% increase from the prior year’s quarter. The company also reported net income of approximately $40.9 million […]

StaffJuly 25, 2023

The Daily Hit is a recap of the top financial news stories for July 25, 2023. On the Site Maryland Hemp Companies Sue State Over Adult-Use Marijuana Rules A group of hemp companies in Maryland have filed suit against the governor and several state officials, claiming that the regulatory plan lawmakers authorized for the recreational […]

Adam JacksonJuly 25, 2023

Surterra is now asking the court to enforce the dissolution after unpaid rent and penalties.

StaffJuly 20, 2023

The Daily Hit is a recap of the top financial news stories for July 20, 2023. On the Site Parallel Exiting Pennsylvania Marijuana Market After Defaulting on Rent Atlanta-based multistate operator Parallel Cannabis is shuttering three facilities and exiting the Pennsylvania medical marijuana market following financial troubles that led to a lawsuit from its landlord, […]

John SchroyerJuly 20, 2023

Parallel also failed to pay Innovative Industrial Properties rent for a facility in Texas.

StaffJune 7, 2023

The Daily Hit is a recap of the top financial news stories for June 7, 2023. On the Site Red White & Bloom to Buy Financially Troubled Aleafia Red White & Bloom Brands Inc. (CSE: RWB)(OTC: RWBYF) is buying Aleafia Health Inc. (TSX: AH)(OTCQB: ALEAF) in a deal that gives RWB 76% of the combined […]

Adam JacksonJune 7, 2023

Monday's lawsuit alleges that IIPR violated Maryland law by not investigating previous claims.

Dustin WalshMay 17, 2023

Skymint surrendered the property to Innovative Industrial Properties.

StaffMay 8, 2023

The Daily Hit is a recap of the top financial news stories for May 8, 2023. On the Site Trademark Appeals Board Rules Against Cannabis Company in Trademark Case In a first-of-its-kind decision, the Trademark Trial and Appeal Board has upheld the Controlled Substances Act in a cannabis trademark case. The unanimous board ruled against […]

John SchroyerMay 8, 2023