Innovative Industrial Properties resolves PharmaCann litigation and signs 122,000-square-foot new leases

Reuters

03/16

Innovative Industrial Properties resolves PharmaCann litigation and signs 122,000-square-foot new leases

Innovative Industrial Properties reported 122,000 square feet of new leases executed in March 2026. Cannabist defaulted on full March 2026 rent for a Pennsylvania property, with rent totaling 0.6 million and representing 6.3% of total rental revenues for the year ended Dec. 31, 2025. Battle Green defaulted on March 2026 rent for its Ohio property, with rent totaling 0.8 million and representing 2.9% of total rental revenues for the year ended Dec. 31, 2025. The company said it will use security deposits to cover the March rent amounts, including late fees and interest, for both Cannabist and Battle Green.

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: 20260316176692) on March 16, 2026, and is solely responsible for the information contained therein.

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