NewLake Capital Partners, Inc.

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NewLake Capital Partners, Inc. provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions, third-party purchases and funding for build-to-suit projects. The company was founded on April 9, 2019 and is headquartered New Canaan, CT.

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Demand for warehouse storage space has created a surge in industrial real estate. Despite signs of softening, the long-term upside prospects remain positive. Cannabis REITs offer investors a budding business opportunity, given the cannabis market is projected to reach $75B annually by 2029. NewLake Capital Partners is an industrial REIT serving the cannabis industry. It is quant-rated #1 in its sector and industry, offers consistent growth, a 9.23% Dividend Yield, and tailwinds from marijuana legalization.

Top Cannabis REIT Is Flying High: NewLake Capital Partners (SA Quant)

NEW CANAAN, Conn., May 01, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, issued a statement from NewLake Capital Partners CEO and President Anthony Coniglio on the Drug Enforcement Administration (DEA) rescheduling cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA).

NewLake Capital Partners Issues Statement on Cannabis Being Rescheduled to Schedule III

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NewLake Capital Partners is a growing company in the growing Cannabis market. It currently pays a well-covered and high dividend yield of 8.96%. The company has high profitability metrics.

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As April 2024 approaches, several top marijuana stocks are catching the eyes of savvy investors. The U.S. cannabis industry continues to expand dynamically. In recent years, legal sales have grown substantially. According to a New Frontier Data report, the industry's national legal sales will climb to over $30 billion by 2025. Increasing legalization movements bolster this growth trajectory. Recent headlines highlight New York and New Jersey's steps toward creating a more robust legal market. These developments significantly enhance the sector's potential.

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Cannabis real estate investment trusts (REIT) could see higher highs on a few key catalysts.  For one, hedge fund manager Dougie Kass of Seabreeze Capital recently said the Food and Drug Administration (FDA) would soon reschedule cannabis to a less restrictive category.

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NewLake Capital Partners is a REIT that serves the cannabis industry, offering a pick-and-shovel play on the sector. The company has demonstrated the ability to navigate tenant crises and has almost no debt, making it an interesting investment at this price. Despite challenges and risks, the cannabis sector has significant upside potential as legalization continues to expand.

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Cannabis REITs initially experienced price gains but have since seen a decline in favor due to inflation and economic challenges.

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NEW CANAAN, Conn., April 11, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, today announced that it plans to host a conference call and report its financial results for the first quarter ended March 31, 2024 on Thursday, May 9, 2024. Additional details are available under the Investor Relations section of the Company's website: https://ir.newlake.com/.

NewLake Capital Partners to Host First Quarter 2024 Earnings Call on May 9th at 11:00 a.m. ET

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Cannabis may be one of the most controversial investments. But it may also prove to be one of the most profitable this year for related cannabis stocks.

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The U.S. cannabis industry is witnessing remarkable growth. With legalization expanding, projections are bullish. Sales may reach $30 billion by 2025. This surge underpins the potential of Cannabis Real Estate Investment Trusts (REITs). These entities own or finance income-producing real estate, specifically in the cannabis sector. They offer investors exposure to this booming market. Plus, they provide dividends from rental income. This week, certain Cannabis REITs stand out. They're noteworthy for their strategic acquisitions and robust financial health. Investors and analysts are keeping a close eye. These REITs might redefine industry benchmarks. They're becoming essential in portfolios. Their performance could signal broader industry trends.

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NEW CANAAN, Conn., April 01, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, issued the following statement from the Company's CEO Anthony Coniglio on the Florida's Supreme Court's decision to allow Amendment 3 – the adult-use cannabis bill – to proceed to the ballot this November.

NewLake Capital Partners Issues Statement on the Florida Supreme Court's Decision on Amendment 3, the Cannabis Adult-Use Ballot Measure

NewLake Capital Partners reported impressive Q4 earnings, beating estimates on both revenue and FFO. NLCP demonstrated resilience and the ability to navigate challenges, collecting 100% rent during the fourth quarter. The company's healthy balance sheet, low leverage, and growing dividend make it an attractive investment with room for future growth.

NewLake Capital Partners Q4: An 8% Yielding REIT You Should Be Loading Up On (Rating Upgrade)

The U.S. cannabis industry is on the brink of something big, drawing attention from investors far and wide. As laws evolve, this market gears up for an impressive leap forward in top marijuana stocks. Enter Cannabis REITs – these are your golden tickets to dip your toes into the cannabis pool without the wild ride of direct stock investments. Also, they lend a helping hand to cannabis companies by providing much-needed real estate capital, crucial for their growth and operations. This week, a handful of top Cannabis REITs are making waves thanks to their solid portfolios and intelligent market moves. They're worth watching for anyone interested in tapping into the industry's potential without getting too caught up in its volatility.

Green Real Estate Boom: Must-See Cannabis REITs for Q3 2024

NEW CANAAN, Conn., March 21, 2024 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“The Company” or “NewLake”), a leading provider of real estate capital to state-licensed cannabis operators, announced today that management is scheduled to participate in the following April 2024 investor conferences.

NewLake Capital Partners to Participate in Upcoming April 2024 Investor Conferences

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NewLake Capital Partners is a cannabis REIT with a market cap of $340 million, holding 14 cultivation facilities and 17 dispensaries. The company has reported improved performance, with a Q4 revenue of $13 million and 100% rent collections. Catalysts for potential price growth include the continued growth of the cannabis industry and the potential rescheduling of cannabis by the Federal government.

NewLake Has Stabilized And Remains Attractive

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NewLake Capital Partners, Inc. (OTCQX:NLCP) Q4 2023 Results Conference Call March 11, 2024 11:00 AM ET Company Participants Valter Pinto - Managing Director, KCSA Strategic Communications Gordon DuGan - Chairman Anthony Coniglio - President and Chief Executive Officer Lisa Meyer - Chief Financial Officer Jarrett Annenberg - Senior Vice President and Head of Investments Conference Call Participants Pablo Zuanic - Zuanic and Associates Nick Anderson - Roth MKM Operator Good morning. I'll be your conference operator today.

NewLake Capital Partners, Inc. (NLCP) Q4 2023 Earnings Call Transcript

Fourth Quarter 2023 Revenue totaled $13.0 Million, an increase of 6.4% Year-Over-Year Full Year 2023 Revenue totaled $47.3 Million, an increase of 5.1% Year-Over-Year

NewLake Capital Partners Reports Fourth Quarter and Full-Year 2023 Financial Results; Raises First Quarter 2024 Common Stock Dividend to $0.41 per Share

News for NewLake Capital Partners, Inc. Stock (NLCP)