Important Information for Investors: Rosen Law Firm Reminds Investors of the Deadline in the Class Action Lawsuit Against Innovative Industrial Properties, Inc.
NEW YORK, Feb. 23, 2025. Rosen Law Firm, a leading global investor rights law firm, reminds purchasers of the securities of Innovative Industrial Properties, Inc. (IIPR) between February 27, 2024, and December 19, 2024, both dates inclusive (the “Class Period”), of the important March 18, 2025 lead plaintiff deadline. The lawsuit alleges that the Company issued materially false and misleading statements and/or failed to disclose material information during the Class Period.
Background on Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. is a real estate company that specializes in the acquisition, ownership, and management of properties leased to experienced, state-licensed medical-use cannabis operators for their regulated medical-use cannabis facilities. The Company is based in San Diego, California.
The Class Action Lawsuit
The class action lawsuit alleges that during the Class Period, the Company made false and misleading statements and/or failed to disclose material information, including:
- The Company’s financial statements and financial results were materially false and misleading.
- The Company failed to disclose that it was experiencing increased competition and declining demand for its properties.
- The Company failed to disclose that it was experiencing a decline in occupancy and rental income.
Impact on Individual Investors
If you purchased securities of Innovative Industrial Properties, Inc. during the Class Period and suffered a loss as a result, you may be entitled to compensation. The lead plaintiff deadline is March 18, 2025. To learn more, please contact the Rosen Law Firm.
Impact on the World
The outcome of this class action lawsuit could have significant implications for the cannabis industry as a whole. If the allegations are proven true, it could lead to increased scrutiny of other real estate investment trusts (REITs) in the industry and potentially lead to increased regulation and transparency. Additionally, it could deter investors from putting their money into the cannabis industry, potentially slowing down its growth.
Conclusion
Rosen Law Firm encourages investors who purchased securities of Innovative Industrial Properties, Inc. during the Class Period to contact the firm before the lead plaintiff deadline in order to learn more about their potential legal rights and remedies. The outcome of this class action lawsuit could have significant implications for both individual investors and the cannabis industry as a whole. For more information, please visit the Rosen Law Firm website or contact the firm directly.
Please note that the Rosen Law Firm represents investors in securities fraud class actions and derivative lawsuits. The firm is not filed in this specific action, but is investigating potential claims against the Company.
