“Attention Shareholders: Former Louisiana Attorney Issues Alert for Innovative Industrial Business and Professional Services”

New Orleans, LA | January 23, 2025

Kahn Swick & Foti, LLC and KSF Partner, Charles C. Foti, Jr., Remind Investors of Lead Plaintiff Deadline in Class Action Lawsuit Against Innovative Industrial Properties, Inc.

Investors who purchased securities of Innovative Industrial Properties, Inc. (NYSE:IIPR) between February 27, 2024 and December 19, 2024, have until March 18, 2025 to file lead plaintiff applications in a securities class action lawsuit.

Kahn Swick & Foti, LLC and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., are reminding investors of the upcoming deadline to file lead plaintiff applications in a securities class action lawsuit against Innovative Industrial Properties, Inc. (NYSE:IIPR). The lawsuit covers investors who purchased the Company’s securities between February 27, 2024 and December 19, 2024, inclusive (the “Class Period”).

The deadline to file lead plaintiff applications is March 18, 2025. Investors who are interested in becoming the lead plaintiff in the case should contact Kahn Swick & Foti, LLC or KSF partner, Charles C. Foti, Jr., for more information on how to apply.

Innovative Industrial Properties, Inc. is a real estate investment trust focused on the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The lawsuit alleges that the Company made false and/or misleading statements and/or failed to disclose important information regarding its business operations and prospects, which led to inflated securities prices during the Class Period.

Investors who purchased securities of Innovative Industrial Properties, Inc. during the Class Period may be eligible to participate in the lawsuit and seek compensation for their losses. It is important for investors to take action before the deadline to ensure they are included in the lawsuit as a lead plaintiff.

How This Will Affect Me?

As an investor who purchased securities of Innovative Industrial Properties, Inc. between February 27, 2024 and December 19, 2024, you may be eligible to participate in the securities class action lawsuit. By filing a lead plaintiff application before the March 18, 2025 deadline, you can seek compensation for any losses you may have incurred as a result of alleged false or misleading statements made by the Company during the Class Period.

How This Will Affect the World?

The outcome of the securities class action lawsuit against Innovative Industrial Properties, Inc. could have broader implications for the world of business and investing. If the allegations of false or misleading statements are proven true, it could lead to increased scrutiny of companies’ disclosure practices and accountability for providing accurate information to investors. This case may serve as a reminder to companies about the importance of transparency and honesty in their communications with shareholders and the public.

Conclusion

Investors who purchased securities of Innovative Industrial Properties, Inc. during the Class Period should be aware of the upcoming deadline to file lead plaintiff applications in the securities class action lawsuit. By taking action before March 18, 2025, investors can seek compensation for any losses incurred due to alleged false or misleading statements made by the Company. This case serves as a reminder of the importance of honesty and transparency in corporate communications, and its outcome may have far-reaching implications for the world of business and investing.

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