{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-027927","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2026-03-16T23:59:59+00:00","discovered_at":"2026-05-14T18:02:35.865345+00:00","generated_at":"2026-05-15T11:48:41.381532+00:00","sec_items":["7.01","8.01","9.01"],"event_type":"other_material","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"IIPR resolves PharmaCann litigation, reports new tenant defaults and 122K sq ft of new leases","bullets":["PharmaCann settlement includes monetary judgments; properties to be surrendered by May 20/26 2026.","Executed new leases totaling 122,000 sq ft in Illinois and California in March 2026.","Cannabist defaulted on $0.6M March rent for PA property (2.7% of 2025 revenue); Battle Green defaulted on $0.8M (2.9%).","Company intends to use security deposits for March rent and may pursue eviction proceedings.","Tentative agreements reached for four 4Front assets, expected to close in Q3 2026."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-027927","json":"https://secwatch.observer/filing/0001104659-26-027927.json","markdown":"https://secwatch.observer/filing/0001104659-26-027927.md","text":"https://secwatch.observer/filing/0001104659-26-027927.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926027927/0001104659-26-027927-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926027927/tm268881d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T11:48:41.381532+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"}