{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-130490","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2024-12-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:09.198959+00:00","generated_at":"2026-05-29T00:19:50.186207+00:00","sec_items":["8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"IIPR reports PharmaCann default on all 11 leases; 17% of rental revenue at risk","bullets":["PharmaCann defaulted on Dec rent for 6 properties totaling $4.2M; security deposits applied.","Cross-default provisions triggered default on all 11 leases, including 5 with $90K rent paid.","Defaulted properties located in IL, MA, MI, NY, OH, PA; leases represent 17% of Q3 2024 revenues.","IIPR expects to enforce rights aggressively, may include eviction proceedings."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-130490","json":"https://secwatch.observer/filing/0001104659-24-130490.json","markdown":"https://secwatch.observer/filing/0001104659-24-130490.md","text":"https://secwatch.observer/filing/0001104659-24-130490.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465924130490/0001104659-24-130490-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465924130490/tm2431651d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-29T00:19:50.186207+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}