NLCP
NewLake Capital Partners, Inc. is an internally-managed real estate investment trust (REIT) that provides real estate capital to state-licensed cannabis operators in the United States. The company deploys capital through sale-leaseback transactions, third-party property purchases, and funding for build-to-suit projects. NewLake owns a portfolio of 35 properties spanning 13 states and approximately 1.7 million square feet, consisting of 15 cultivation facilities and 20 dispensaries. Properties are primarily leased to single tenants under long-term triple-net lease agreements with a weighted average remaining lease term of approximately 11.6 years and weighted average yield of 13.2%. The tenant base includes major multi-state operators such as Curaleaf, Cresco Labs, Trulieve, C3 Industries, and The Cannabist Company. The company focuses on limited-license jurisdictions and maintains a conservative balance sheet with minimal leverage. NewLake trades on the OTCQX market under the ticker NLCP. Updated
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NewLake Capital Partners, Inc. is an internally-managed real estate investment trust (REIT) that provides real estate capital to state-licensed cannabis operators in the United States.
