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Innovative Industrial Properties increases total authorized shares to 175 million from 100 million
IIPR-PAInnovative Industrial Properties Inc
Innovative Industrial Properties, Inc. filed Articles of Amendment with the State Department of Assessments and Taxation of Maryland to increase its total authorized shares from 100,000,000 to 175,000, effective September 25, 2026. The amendment raises common stock authorization from 50,000,000 to 100,000,000 shares and preferred stock authorization from 50,000,000 to 75,000,000 shares. This action was authorized by the board of directors without shareholder approval under existing charter provisions. Innovative Industrial Properties is a real estate investment trust that invests in cannabis-related properties.