Cannabis Court Update: REIT IIP Lawsuit Dismissed, Slang WW Faces Fraud Allegations In Acquisition Deal
Portfolio Pulse from Nicolás Jose Rodriguez
A New Jersey Judge has dismissed an investor lawsuit against cannabis REIT Innovative Industrial Properties (IIPR) that accused IIP of fraudulent activities. Meanwhile, SLANG Worldwide (SLGWF) is facing allegations of concealing their financial difficulties during negotiations to acquire a Vermont-based cannabis operation.
September 21, 2023 | 9:01 pm
News sentiment analysis
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Ascending
NEGATIVE IMPACT
SLANG Worldwide (SLGWF) is facing allegations of financial concealment during an acquisition, which could harm investor confidence.
The allegations against SLGWF could introduce uncertainty and negatively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100
POSITIVE IMPACT
Innovative Industrial Properties (IIPR) has had a lawsuit against them dismissed, which may boost investor confidence.
The dismissal of the lawsuit against IIPR removes a potential legal risk, which could positively impact the stock in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100