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This thread is intended for the community to talk about whichever company with others in a casual manner.

Unrelated discussion will always be removed (as per rule #3). Reddit is full of various other communities, and while we understand cross-discussion, unrelated topics should be discussed in their appropriate subreddits.

Please remember proper reddiquette when participating in the conversation. As always, rule #1 ("be kind and respectful") will be strictly enforced here to prevent any uncivil discussion and personal attacks.

Welcome to the r/weedstocks Daily Discussion Thread!

• New to Reddit? Read This.
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• Use the search bar before asking any question. All questions that can be answered by these resources may be removed.
• Looking for research resources about which company to invest in? Please refer to our sidebar -- specifically our featured Investing References -- to help you in your research process.

This thread is intended for the community to talk about whichever company with others in a casual manner.

Unrelated discussion will always be removed (as per rule #3). Reddit is full of various other communities, and while we understand cross-discussion, unrelated topics should be discussed in their appropriate subreddits.

Please remember proper reddiquette when participating in the conversation. As always, rule #1 ("be kind and respectful") will be strictly enforced here to prevent any uncivil discussion and personal attacks.

Welcome to the r/weedstocks Daily Discussion Thread!

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• Use the search bar before asking any question. All questions that can be answered by these resources may be removed.
• Looking for research resources about which company to invest in? Please refer to our sidebar -- specifically our featured Investing References -- to help you in your research process.

This thread is intended for the community to talk about whichever company with others in a casual manner.

Unrelated discussion will always be removed (as per rule #3). Reddit is full of various other communities, and while we understand cross-discussion, unrelated topics should be discussed in their appropriate subreddits.

Please remember proper reddiquette when participating in the conversation. As always, rule #1 ("be kind and respectful") will be strictly enforced here to prevent any uncivil discussion and personal attacks.

Innovative Industrial Properties (NYSE: IIPR) has reached an agreement with PharmaCann to resolve existing lease defaults for eleven properties. The resolution includes:

• Full utilization of security deposits for December 2024 and January 2025 defaulted rent
• Amendments for nine properties in NY, IL, PA, OH, and CO, reducing monthly base rent from $2.8M to $2.6M starting February 2025
• Plans to transition two properties in MI and MA to new tenants by August 2025, with $1.3M monthly rent abated from February 2025

The agreement includes additional equity investment from PharmaCann's investors and a secured promissory note issued to IIPR maturing in 2035. The deal is contingent on PharmaCann refinancing its senior secured credit facility by June 30, 2025. Post-agreement, IIPR leases nine properties totaling 434,000 square feet to PharmaCann, representing approximately $223M in invested capital.

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This thread is intended for the community to talk about whichever company with others in a casual manner.

Unrelated discussion will always be removed (as per rule #3). Reddit is full of various other communities, and while we understand cross-discussion, unrelated topics should be discussed in their appropriate subreddits.

Please remember proper reddiquette when participating in the conversation. As always, rule #1 ("be kind and respectful") will be strictly enforced here to prevent any uncivil discussion and personal attacks.

Welcome to the r/weedstocks Daily Discussion Thread!

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• Use the search bar before asking any question. All questions that can be answered by these resources may be removed.
• Looking for research resources about which company to invest in? Please refer to our sidebar -- specifically our featured Investing References -- to help you in your research process.

This thread is intended for the community to talk about whichever company with others in a casual manner.

Unrelated discussion will always be removed (as per rule #3). Reddit is full of various other communities, and while we understand cross-discussion, unrelated topics should be discussed in their appropriate subreddits.

Please remember proper reddiquette when participating in the conversation. As always, rule #1 ("be kind and respectful") will be strictly enforced here to prevent any uncivil discussion and personal attacks.

So PharmaCann defaulted on all of their 11 leases with IIPR in December, which was announced in the third week of Dec.

Has PharmaCann paid their 11 different January rent payments in full? There has been no announcement of this.

Is this something I can email IIPR to find out more? Or PharmaCann’s Investor Relations department?

I understand that there are a few recent news articles out at the end of 2024 for PharmaCann, talking about the closure of their Warren, MI facilities, and the same workers advocated for a union in November and then thsir facility closed in early December. None of this news tells us how they are currently doing or if PharmaCann intends to submit a lease payment again, or default into bankruptcy?

Looks like a good buy right now, along with the canna market as a whole. Maybe MJ is more stable?

Welcome to the r/weedstocks Daily Discussion Thread!

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• Looking for research resources about which company to invest in? Please refer to our sidebar -- specifically our featured Investing References -- to help you in your research process.

This thread is intended for the community to talk about whichever company with others in a casual manner.

Unrelated discussion will always be removed (as per rule #3). Reddit is full of various other communities, and while we understand cross-discussion, unrelated topics should be discussed in their appropriate subreddits.

Please remember proper reddiquette when participating in the conversation. As always, rule #1 ("be kind and respectful") will be strictly enforced here to prevent any uncivil discussion and personal attacks.