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Cannabis REIT NewLake: 9.3% YoY Q3 Revenue Growth Despite Tenant Challenges, CEO Optimistic
Thursday, November 14, 2024 - 10:28am | 491NewLake Capital Partners, Inc. (OCTQX: NLCP) announced its financial results Wednesday for the third quarter ended Sept. 30, 2024. The Connecticut-based company said third-quarter revenue totaled $12.6 million, representing an increase of 9.3% year-over-year. Anthony Coniglio, NewLake's president...
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This Cannabis Lender Is Sitting On A Stack Of Capital: 100% Dividends Meet Equity-Like Returns
Saturday, July 20, 2024 - 12:47pm | 823In a recent webinar hosted by Pablo Zuanic from Zuanic & Associates, AFC Gamma's top executives discussed the company's strategic direction, focusing on the spin-off of its commercial real estate business, the current state of its cannabis loan book, and its competitive positioning in...
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Nasdaq-Traded AFC Gamma Reports 41% YoY Drop In Net Income, Plans To Be Pure-Play Cannabis Lender In 2024
Thursday, March 7, 2024 - 11:29am | 702Cannabis-focused commercial real estate finance company AFC Gamma Inc. (NASDAQ:AFCG) announced on Thursday its results for the fourth quarter and year ended Dec. 31, 2023. The company reported net interest income of $64.2 million in fiscal 2023, compared to $74.7 million in fiscal 2022. Net...
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Exclusive: This Cannabis Real Estate Lender Drove Significant Double-Digit Growth For Its Investors In Q4
Thursday, March 2, 2023 - 8:04am | 633Cannabis commercial real estate lender Pelorus Equity Group reported on Thursday its fourth quarter 2022 and full-year financial results. “Even in a volatile market, we outperformed the benchmark U.S. cannabis ETF by 84.58% and drove significant double-digit growth for our investors while...