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Cannabis firm defaults on 11 leases, begins layoffs

Landlord Innovative Industrial Properties hasn’t been paid $4.2 million in December rent
PharmaCann has filed notice it intends to close its facility in Warren, Michigan. (CoStar)
PharmaCann has filed notice it intends to close its facility in Warren, Michigan. (CoStar)
CoStar News
December 23, 2024 | 10:13 P.M.

Cannabis company PharmaCann has defaulted on its rent payments to landlord Innovative Industrial Properties as the legal marijuana industry struggles.

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