Innovative Industrial execs offer warning for cannabis tenants in wake of PharmaCann deal
Green Market Report
Thu, Feb 20
Key Points
- Innovative Industrial Properties Inc. addressed its cannabis tenants during its fourth-quarter earnings call, warning them that skipping rent payments will result in immediate consequences.
- The company recently settled with PharmaCann in January, emphasizing its stance on rent payment obligations.
- IIP leaders stated that they are not willing to compromise on rent payments and will move swiftly to enforce consequences for tenants who fail to meet their obligations.
- Executives at IIP emphasized the importance of maintaining financial stability and ensuring that tenants fulfill their rent obligations.
Executives at Innovative Industrial Properties Inc. (NYSE: IIPR) sent a blunt message to the company’s cannabis tenants during its fourth-quarter earnings call: Try to skip rent payments, face immediate consequences.
Speaking publicly for the first time since announcing a settlement with PharmaCann in January, IIP leaders made it clear they won’t...
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