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May 4, 2022, 8:45 p.m. EDT

Innovative Industrial Properties Securities Fraud Class Action Lawsuit Pending: Contact Levi & Korsinsky Before June 24, 2022 to Discuss Your Rights - IIPR

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New York, New York, May 04, 2022 (Newsfile Corp via COMTEX) -- New York, New York--(Newsfile Corp. - May 4, 2022) - Levi & Korsinsky, LLP notifies investors in Innovative Industrial Properties, Inc. ("Innovative Industrial Properties" or the "Company") /zigman2/quotes/208038978/composite IIPR +1.88% of a class action securities lawsuit.

The lawsuit on behalf of Innovative Industrial Properties investors has been commenced in the the United States District Court for the District of New Jersey. Affected investors purchased or otherwise acquired certain Innovative Industrial Properties, Inc. securities between May 7, 2020 and April 13, 2022 . Follow the link below to get more information and be contacted by a member of our team:

https://www.zlk.com/pslra-1/innovative-industrial-properties-inc-loss-submission-form?prid=26818&wire=5

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.



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Innovative Industrial Properties, Inc. NEWS - IIPR NEWS

CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Innovative Industrial Properties' focus is to be a cannabis company lender rather than a REIT; (2) that the true values of the Company's properties are significantly lower than Innovative Industrial Properties represents; (3) there are existential issues in its top customers; (4) as a result, its top customers may not be able to continue making payments to Innovative Industrial Properties and the Company would face significant issues replacing these customers; and (5) as a result, defendants' statements about its business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all relevant times.

WHAT THIS MEANS TO SHAREHOLDERS: If you suffered a loss in Innovative Industrial Properties during the relevant timeframe, you have until June 24, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.

NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. Discuss your rights with our legal team without cost or obligation.

PROTECT YOUR FINANCIAL INTERESTS: Complete this brief submission form https://www.zlk.com/pslra-1/innovative-industrial-properties-inc-loss-submission-form?prid=26818&wire=5 or call 212-363-7500 to discuss the case.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/122885

COMTEX_406708786/2523/2022-05-04T20:44:32

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copyright (c) newsfile corp. 2022. all rights reserved

/zigman2/quotes/208038978/composite
US : U.S.: NYSE
$ 111.94
+2.07 +1.88%
Volume: 184,685
July 1, 2022 4:00p
P/E Ratio
23.13
Dividend Yield
6.25%
Market Cap
$3.13 billion
Rev. per Employee
$12.57M
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