Reported 1 day ago
Innovative Industrial Properties (IIPR) found relief after PharmaCann, its major tenant that defaulted on rent payments, reached an agreement to settle overdue obligations. The deal, announced on January 30, 2025, allowed IIPR to use PharmaCann's security deposits to cover unpaid rents and secured future payments through amended terms. This resolution not only bails PharmaCann out of its financial troubles but also offers IIPR continued profitability, as it maintains a diverse tenant base and a high-yield dividend for its investors.
Source: YAHOO