{"id":796891,"date":"2024-12-23T20:11:30","date_gmt":"2024-12-24T01:11:30","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/"},"modified":"2024-12-23T20:11:30","modified_gmt":"2024-12-24T01:11:30","slug":"investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/","title":{"rendered":"INVESTIGATION ALERT (NYSE: IIPR): DiCello Levitt LLP Is Investigating Investor Claims Against Innovative Industrial Properties, Inc. and Encourages IIPR Investors with Losses to Contact the Firm"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">SAN DIEGO, Dec.  23, 2024  (GLOBE NEWSWIRE) &#8212; DiCello Levitt LLP announces that it is investigating whether Innovative Industrial Properties, Inc. (\u201cInnovative\u201d or the \u201cCompany\u201d) (NYSE: IIPR) violated the federal securities laws, issued false and\/or misleading statements, and\/or failed to disclose information required to be disclosed to investors.<\/p>\n<p align=\"justify\">Investors who purchased Innovative securities from February 2024 to the present and those with information about the allegations are encouraged to obtain additional information and assist the firm\u2019s investigation by contacting DiCello Levitt attorneys Brian O\u2019Mara or Ruben Pe\u00f1a by calling (888) 287-9005 or emailing <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7O3DuFfUGgIWrs_VrwRhj_FUXt71nbkeYbYb03u-P10UjM1JoHt2rpTPsVopC9AZL0g8J1AKZvR2F1YLsFWd4mkJ_UA7vgcz5k98fWaFxeoKRVcIS-woCTfTL9wZHd4P\" rel=\"nofollow\" target=\"_blank\">investors@dicellolevitt.com<\/a>.<\/p>\n<p align=\"justify\">No Case Has Been Filed and No Class Has Been Certified. Until a case is filed and a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice.<\/p>\n<p>\n        <strong>Investigation Details:<\/strong>\n      <\/p>\n<p align=\"justify\">Innovative is a real estate investment trust, specializing in leasing real estate to state-licensed cannabis operators throughout the U.S. DiCello Levitt is investigating whether Innovative made misrepresentations and\/or failed to disclose material information regarding the risk of its largest tenant defaulting on leases for Innovative\u2019s properties.<\/p>\n<p align=\"justify\">On December 20, 2024, Innovative announced that its largest tenant, PharmaCann, the nation\u2019s largest cannabis multistate operator that accounts for 17% of the Company\u2019s annualized base rent, had defaulted on its rent obligations for December in six of its 11 leases of cannabis cultivation facilities. In response to the announcement, several market analysts downgraded their ratings of Innovative\u2019s stock due to the impact this default would have on the Company. For example, BTIG wrote that the \u201cPharmaCann portfolio with 677K sq. ft. of cultivation\/production space<strong><em> would be the largest default since the company\u2019s founding.<\/em><\/strong>\u201d<\/p>\n<p align=\"justify\">On this news, the price of Innovative common stock fell $75.30 per share, from a closing price of $95.34 per share on December 19, 2024, to a closing price of $73.66 per share on December 20, 2024, a decline of 22.7% on heavy volume.<\/p>\n<p>\n        <strong>About DiCello Levitt:<\/strong>\n      <\/p>\n<p align=\"justify\">At DiCello Levitt, we are dedicated to achieving justice for our clients through class action, business-to-business, public client, whistleblower, personal injury, civil and human rights, and mass tort litigation. Our lawyers are highly respected for their ability to litigate and win cases \u2013 whether by trial, settlement, or otherwise \u2013 for people who have suffered harm, global corporations that have sustained significant economic losses, and public clients seeking to protect their citizens\u2019 rights and interests. Every day, we put our reputations \u2013 and our capital \u2013 on the line for our clients.<\/p>\n<p align=\"justify\">DiCello Levitt has achieved top recognition as Plaintiffs Firm of the Year and Trial Innovation Firm of the Year by the <em>National Law Journal<\/em>, in addition to its top-tier <em>Chambers<\/em> and <em>Benchmark<\/em> ratings. The <em>New York Law Journal<\/em> also recently recognized DiCello Levitt as a Distinguished Leader in trial innovation. For more information about the firm, including recent trial victories and case resolutions, please visit www.dicellolevitt.com.<\/p>\n<p align=\"justify\">Attorney Advertising. Prior results do not guarantee a similar outcome.<\/p>\n<p>\n        <strong>Media Contact<\/strong>\n      <\/p>\n<p align=\"justify\">Amy Coker<br \/>4747 Executive Drive, Suite 240<br \/>San Diego, CA 92121<br \/>619-963-2426<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=7O3DuFfUGgIWrs_VrwRhj_FUXt71nbkeYbYb03u-P11LLCyKScXGEtTbXorBlyHoMw-jftn-kCC6bPgTswm8vPomCM4yEqboDDY45frsZMzA9Yuc7N2CVNA4E2PxB3wz\" rel=\"nofollow\" target=\"_blank\">investors@dicellolevitt.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMzYzOSM2NjcwMDczIzIyNzUwODI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YjJlMzJhOTktMmE2Yy00NjZkLWE2MjYtY2NkYTg0YTUxYWZiLTEyODY2MzI=\/tiny\/DiCello-Levitt-LLP.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN DIEGO, Dec. 23, 2024 (GLOBE NEWSWIRE) &#8212; DiCello Levitt LLP announces that it is investigating whether Innovative Industrial Properties, Inc. (\u201cInnovative\u201d or the \u201cCompany\u201d) (NYSE: IIPR) violated the federal securities laws, issued false and\/or misleading statements, and\/or failed to disclose information required to be disclosed to investors. Investors who purchased Innovative securities from February 2024 to the present and those with information about the allegations are encouraged to obtain additional information and assist the firm\u2019s investigation by contacting DiCello Levitt attorneys Brian O\u2019Mara or Ruben Pe\u00f1a by calling (888) 287-9005 or emailing investors@dicellolevitt.com. No Case Has Been Filed and No Class Has Been Certified. Until a case is filed and a class is certified, you are not represented by &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTIGATION ALERT (NYSE: IIPR): DiCello Levitt LLP Is Investigating Investor Claims Against Innovative Industrial Properties, Inc. and Encourages IIPR Investors with Losses to Contact the Firm&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-796891","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTIGATION ALERT (NYSE: IIPR): DiCello Levitt LLP Is Investigating Investor Claims Against Innovative Industrial Properties, Inc. and Encourages IIPR Investors with Losses to Contact the Firm - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTIGATION ALERT (NYSE: IIPR): DiCello Levitt LLP Is Investigating Investor Claims Against Innovative Industrial Properties, Inc. and Encourages IIPR Investors with Losses to Contact the Firm - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SAN DIEGO, Dec. 23, 2024 (GLOBE NEWSWIRE) &#8212; DiCello Levitt LLP announces that it is investigating whether Innovative Industrial Properties, Inc. (\u201cInnovative\u201d or the \u201cCompany\u201d) (NYSE: IIPR) violated the federal securities laws, issued false and\/or misleading statements, and\/or failed to disclose information required to be disclosed to investors. Investors who purchased Innovative securities from February 2024 to the present and those with information about the allegations are encouraged to obtain additional information and assist the firm\u2019s investigation by contacting DiCello Levitt attorneys Brian O\u2019Mara or Ruben Pe\u00f1a by calling (888) 287-9005 or emailing investors@dicellolevitt.com. No Case Has Been Filed and No Class Has Been Certified. Until a case is filed and a class is certified, you are not represented by &hellip; Continue reading &quot;INVESTIGATION ALERT (NYSE: IIPR): DiCello Levitt LLP Is Investigating Investor Claims Against Innovative Industrial Properties, Inc. and Encourages IIPR Investors with Losses to Contact the Firm&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-24T01:11:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMzYzOSM2NjcwMDczIzIyNzUwODI=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"INVESTIGATION ALERT (NYSE: IIPR): DiCello Levitt LLP Is Investigating Investor Claims Against Innovative Industrial Properties, Inc. and Encourages IIPR Investors with Losses to Contact the Firm\",\"datePublished\":\"2024-12-24T01:11:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\\\/\"},\"wordCount\":527,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTMyMzYzOSM2NjcwMDczIzIyNzUwODI=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\\\/\",\"name\":\"INVESTIGATION ALERT (NYSE: IIPR): DiCello Levitt LLP Is Investigating Investor Claims Against Innovative Industrial Properties, Inc. and Encourages IIPR Investors with Losses to Contact the Firm - 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(\u201cInnovative\u201d or the \u201cCompany\u201d) (NYSE: IIPR) violated the federal securities laws, issued false and\/or misleading statements, and\/or failed to disclose information required to be disclosed to investors. Investors who purchased Innovative securities from February 2024 to the present and those with information about the allegations are encouraged to obtain additional information and assist the firm\u2019s investigation by contacting DiCello Levitt attorneys Brian O\u2019Mara or Ruben Pe\u00f1a by calling (888) 287-9005 or emailing investors@dicellolevitt.com. No Case Has Been Filed and No Class Has Been Certified. Until a case is filed and a class is certified, you are not represented by &hellip; Continue reading \"INVESTIGATION ALERT (NYSE: IIPR): DiCello Levitt LLP Is Investigating Investor Claims Against Innovative Industrial Properties, Inc. and Encourages IIPR Investors with Losses to Contact the Firm\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/","og_site_name":"Market Newsdesk","article_published_time":"2024-12-24T01:11:30+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMzYzOSM2NjcwMDczIzIyNzUwODI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"INVESTIGATION ALERT (NYSE: IIPR): DiCello Levitt LLP Is Investigating Investor Claims Against Innovative Industrial Properties, Inc. and Encourages IIPR Investors with Losses to Contact the Firm","datePublished":"2024-12-24T01:11:30+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/"},"wordCount":527,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTMyMzYzOSM2NjcwMDczIzIyNzUwODI=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/investigation-alert-nyse-iipr-dicello-levitt-llp-is-investigating-investor-claims-against-innovative-industrial-properties-inc-and-encourages-iipr-investors-with-losses-to-contact-the-firm\/","name":"INVESTIGATION ALERT (NYSE: IIPR): DiCello Levitt LLP Is Investigating Investor Claims Against Innovative Industrial Properties, Inc. and Encourages IIPR Investors with Losses to Contact the Firm - 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