Faruqi & Faruqi, LLP Investigates Claims on Behalf of Investors of Innovative Industrial Properties

Final Deadline Alert: Faruqi & Faruqi LLP Investigates Claims on Behalf of Investors of Innovative Industrial Properties, Inc.

New York, NY – (GLOBE NEWSWIRE) – Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors of Innovative Industrial Properties, Inc. ("Innovative" or the "Company") that the deadline to file a motion to be appointed lead plaintiff in a securities class action lawsuit is approaching.

On March 2, 2023, a securities class action lawsuit was filed against Innovative, its officers and directors, alleging that the Company made false and misleading statements to the investing public. The lawsuit seeks to recover losses suffered by investors who purchased or acquired Innovative's securities between March 3, 2022 and March 1, 2023.

The lawsuit alleges that during the class period, the Company made false and misleading statements regarding its financial performance, business operations, and the value of its properties. Specifically, the lawsuit alleges that the Company failed to disclose material information about its financial performance, including the impact of certain accounting changes and the Company's increasing reliance on non-recurring revenue streams.

The lawsuit also alleges that the Company's officers and directors made false and misleading statements about the Company's business operations, including the value of its properties and the Company's ability to continue to grow its business.

Investors who purchased or acquired Innovative's securities during the class period and suffered losses are encouraged to contact Faruqi & Faruqi, LLP to discuss their legal rights and options. The deadline to file a motion to be appointed lead plaintiff is April 3, 2023.

For more information, please visit: https://www.faruqilaw.com/innovative-industrial-properties-inc. You can also contact us by calling Richard Gonnello, Esq. toll-free at 877-247-4292 or by sending an e-mail to [email address].

Faruqi & Faruqi, LLP is a leading national securities law firm with extensive experience in representing investors in securities litigation. The firm's trial lawyers have successfully represented clients in securities cases nationwide, and have obtained significant settlements and verdicts on behalf of clients. The firm's reputation for achieving successful results in complex securities cases has earned it a reputation as a "top-tier" law firm among institutional investors, individual investors, and corporate clients.

Contact: Richard Gonnello, Esq. Faruqi & Faruqi, LLP 877-247-4292 [email address]