Why Innovative Industrial Properties Stock Plunged Today
Shares of Innovative Industrial Properties (NYSE: IIPR), the country's leading cannabis real estate investment trust (REIT), were taking a dive today after it announced that PharmaCann, one of its biggest tenants, was defaulting on all 11 of its leases.
As of 11:09 a.m. ET, the stock was down 20% on the news.
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Source Fool.com
