{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-007410","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2025-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:04.408609+00:00","generated_at":"2026-05-27T05:34:46.893215+00:00","sec_items":["7.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IIP resolves PharmaCann default; cuts monthly rent on 9 properties to $2.6M, abates rent on 2","bullets":["Security deposits fully used to cover Dec 2024 and Jan 2025 rent defaults and penalties.","Monthly base rent on 9 properties reduced from $2.8M to $2.6M; cash rent resumes Feb 1, 2025.","Two cultivation properties in MI and MA: rent abated from Feb 1, 2025; if not transitioned by Aug 1, 2025, IIP regains full control.","PharmaCann issued a secured promissory note to IIP maturing Feb 1, 2035, junior to existing senior secured facility.","Agreement void if PharmaCann fails to refinance its senior credit facility by June 30, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-007410","json":"https://secwatch.observer/filing/0001104659-25-007410.json","markdown":"https://secwatch.observer/filing/0001104659-25-007410.md","text":"https://secwatch.observer/filing/0001104659-25-007410.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465925007410/0001104659-25-007410-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465925007410/tm254850d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-27T05:34:46.893215+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"}