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EXCLUSIVE: How Strong Brands Can Help Cannabis Companies Expand Their Real Estate Footprint
Tuesday, April 18, 2023 - 12:23pm | 500Cannabis companies unique challenges due to the disconnect between state and federal laws. At the recent Benzinga Cannabis Capital Conference, experts discussed how to leverage strong brands for real estate expansion and standardization, and minimize risks. But, why do brands matter for real...
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NewLake Capital Partners Announces $10M Share Repurchase Program And Independent ESG Committee
Thursday, November 10, 2022 - 2:36pm | 387Following NewLake Capital Partners' (OTCQX: NLCP) recently reported Q3 financial results, the company announced its Board of Directors authorized a $10 million share repurchase program and the formation of an independent Environmental, Social & Governance (ESG...
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EXCLUSIVE: Despite Recent Market Pressures, Cannabis REITs Are Growing Like Weeds. Several Industry Execs Explain Why
Wednesday, September 14, 2022 - 2:39pm | 685Cannabis REITs are growing like weeds amid an uncertain regulatory landscape. Several cannabis execs talked about the advantages of the REIT structure Wednesday at Benzinga's Cannabis Capital Conference in Chicago. What To Know: REITs, or Real Estate...
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NewLake Capital Partners Q2 Revenue Grows 59% YoY, Here Are The Details
Wednesday, August 10, 2022 - 10:10am | 739NewLake Capital Partners, Inc. (OTCQX: NLCP) revenue in Q2 2022 was $10.5 million, a 3% increase compared to $10.2 million in Q1 2022, and a 59% increase compared to $6.6 million in Q2 2021. Q2 2022 Financial Highlights Comparison to Q1 2022 Net income attributable to common stockholders totaled...
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NewLake Capital Partners Expands Revolving Credit Facility To $90M
Tuesday, August 2, 2022 - 9:52am | 379NewLake Capital Partners, Inc. (OTCQX: NLCP), a provider of real estate capital to state-licensed cannabis operators, has added two lenders to its existing five-year revolving credit facility and upsized the aggregate commitment under the facility from $30 million to $90 million. The credit...
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NewLake Capital Partners Enters Into A Revolving Credit Facility, Here Are The Details
Monday, May 9, 2022 - 9:05am | 264NewLake Capital Partners, Inc. (OTCQX: NLCP) has entered into a five-year revolving credit facility with a $30 million initial commitment. The credit facility contemplates an expansion to $100 million as additional lenders are added. It also has a fixed interest rate of 5.65% for the first three...
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Real Estate Execs On Maximizing Cannabis Capital Efficiency Via REIT Relationships
Friday, October 15, 2021 - 3:20pm | 751At the Benzinga Cannabis Capital Conference Thursday, Rob Sechrist, president of Pelorus Equity Group and co-manager of The Pelorus Fund, Anthony Coniglio, CEO of Newlake Capital Partners Inc (OTCQX: NLCP) and Robert Holmes, CEO of Viridescent Realty Trust participated in a panel discussion of the...
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NewLake Capital Partners Merges With GreenAcreage Real Estate
Thursday, March 18, 2021 - 12:41pm | 355Cannabis-focused investment vehicles, NewLake Capital Partners Inc. and GreenAcreage Real Estate Corp., confirmed its merger and creation of the combined company NewLake Capital Partners, Inc. With more than $325 million in assets, over $110 million in cash, and a diversified portfolio of 24...