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NewLake Capital Partners Invests $50M Across Three Cannabis Cultivation Properties
Wednesday, July 6, 2022 - 9:50am | 360NewLake Capital Partners, Inc. (OTCQX: NLCP), a leading provider of real estate capital to state-licensed cannabis operators, invested $50 million across three properties, marking the full commitment of capital raised during the company’s initial public offering. NewLake acquired two...
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NewLake Capital Partners Acquires Cultivation Property In Missouri For $34M
Wednesday, April 6, 2022 - 9:16am | 576NewLake Capital Partners, Inc. (OTCQX: NLCP) is closing part-one of a three-part commitment for a cultivation property in Missouri. The commitment includes the purchase of a 40,000-square-foot industrial property in O’Fallon, Missouri, and entering into a long-term, triple-net lease with...
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New Lake Capital Reports 142% YoY Revenue Increase In 2021, Q4 Net Income Of $4.3M
Thursday, March 17, 2022 - 10:40am | 404NewLake Capital Partners, Inc. (OCTQX: NLCP) announced its financial results for the fourth quarter and full year ended December 31, 2021. David Weinstein, the company’s CEO called 2021”a transformative year for our company.” “After closing a merger in March and our IPO in...
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Cannabis-Focused REIT NewLake Capital: Q3 Revenue Spikes 135% YoY On Heels Of $102M IPO
Friday, November 12, 2021 - 11:28am | 552NewLake Capital Partners, Inc. (OCTQX: NLCP), a provider of real estate capital to state-licensed cannabis operators, announced its financial results Friday for the third quarter ended Sept. 30. Based in New Canaan, Connecticut, the company debuted on the OTCQX Best Market under the...
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NewLake Capital Partners Loans $30 Million To PA Cannabis Cultivation Facility
Friday, November 5, 2021 - 1:22pm | 349Cannabis-focused REIT NewLake Capital Partners, Inc. (OTCQX: NLCP) announced it has provided a nine-month senior secured loan to Hero Diversified Associates, Inc. (“HDAI”), which owns a state-licensed grower and processor of medical marijuana in Pennsylvania. Collateral for the loan...
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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...