NEW
YORK, May 18, 2022 /PRNewswire/ -- The Gross Law
Firm issues the following notice to shareholders of Innovative
Industrial Properties, Inc..
Shareholders who purchased shares of IIPR during the class
period listed are encouraged to contact the firm regarding possible
lead plaintiff appointment. Appointment as lead plaintiff is not
required to partake in any recovery.
CONTACT US HERE:
https://securitiesclasslaw.com/securities/innovative-industrial-properties-inc-loss-submission-form/?id=27347&from=4
CLASS PERIOD: May 7, 2020
to April 13, 2022
ALLEGATIONS: The complaint alleges that during the class
period, Defendants issued materially false and/or misleading
statements and/or failed to disclose 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.
DEADLINE: June 24, 2022
Shareholders should not delay in registering for this class action.
Register your information here:
https://securitiesclasslaw.com/securities/innovative-industrial-properties-inc-loss-submission-form/?id=27347&from=4
NEXT STEPS FOR SHAREHOLDERS: Once you register as a
shareholder who purchased shares of IIPR during the timeframe
listed above, you will be enrolled in a portfolio monitoring
software to provide you with status updates throughout the
lifecycle of the case. The deadline to seek to be a lead plaintiff
is June 24, 2022. There is no cost or
obligation to you to participate in this case.
WHY GROSS LAW FIRM? The Gross Law Firm is nationally
recognized class action law firm, and our mission is to protect the
rights of all investors who have suffered as a result of deceit,
fraud, and illegal business practices. The Gross Law Firm is
committed to ensuring that companies adhere to responsible business
practices and engage in good corporate citizenship. The firm seeks
recovery on behalf of investors who incurred losses when false
and/or misleading statements or the omission of material
information by a company lead to artificial inflation of the
company's stock. Attorney advertising. Prior results do not
guarantee similar outcomes.
CONTACT:
The Gross Law Firm
15 West 38th Street, 12th floor
New York, NY, 10018
Email: dg@securitiesclasslaw.com
Phone: (646) 453-8903
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SOURCE The Gross Law Firm