NEWLAKE CAP PARTNERS INC - NLCP STOCK NEWS

NewLake Capital Partners (OTCQX: NLCP), a provider of real estate capital to cannabis operators, announced its participation in the 13th Annual MJ Biz Conference. CEO Anthony Coniglio will present at a panel discussion titled 'How to Finance Real Estate for Your Cannabis Business' on December 3, 2024, at 3:15 p.m. PT. The event will be held at the Las Vegas Convention Center.

The presentation will be available for viewing after the event on NewLake's Investor Relations website. Interested parties can schedule one-on-one meetings with management through KCSA Strategic Communications.

NewLake Capital Partners (NLCP) reported Q3 2024 financial results with revenue of $12.6 million, up 9.3% year-over-year. Net income attributable to common stockholders was $6.4 million, with FFO of $10.3 million and AFFO of $10.8 million. The company declared a Q3 dividend of $0.43 per share, equivalent to an annual dividend of $1.72 per share, with an 84% payout ratio. Cash and cash equivalents stood at $19.8 million, with $12.2 million committed to building improvements. The company collected 97% of contractual rent during the quarter, though facing challenges with two tenants: Revolutionary Clinics paying 50% of contractual rent and Calypso Enterprises missing September and October payments.

NewLake Capital Partners, Inc. (OTCQX: NLCP), a leading provider of real estate capital to state-licensed cannabis operators, has announced its plans to host a conference call and report financial results for the third quarter ended September 30, 2024. The earnings call is scheduled for Thursday, November 14, 2024, at 11:00 a.m. Eastern Time.

Interested parties can join the live call by dialing 1-877-407-3982 (U.S. Toll-Free) or 1-201-493-6780 (International). A webcast of the call will also be available. For those unable to join the live call, a dial-in replay will be accessible until November 28, 2024, using the numbers 1-844-512-2921 (U.S. Toll Free) or 1-412-317-6671 (International) with the replay pin number: 13748695.

NewLake Capital Partners, a leading provider of real estate capital to state-licensed cannabis operators, has announced its participation in two upcoming investor conferences in October 2024. The company will be present at the Benzinga Cannabis Capital Conference in Chicago from October 8-9, where management will participate in a panel discussion on 'Cannabis Financing 101' on October 8th at 2:00 p.m. ET.

Additionally, NewLake will attend the LD Micro Main Event XVII in Los Angeles from October 28-30, with a presentation scheduled for October 30th at 12:00 p.m. ET. Both events will feature webcasts available on the company's investor relations website. Interested parties can schedule one-on-one meetings with NewLake's management team through conference representatives or by contacting KCSA Strategic Communications.

C3 Industries has expanded its cannabis cultivation facility in O'Fallon, Missouri, through a partnership with NewLake Capital Partners (OCTQX: NLCP). The 50,000 square foot addition includes 20,000 square feet of additional flowering canopy space across six rooms, featuring advanced automation and environmental control systems. The expansion aims to increase production capacity and efficiency, with the ability to shorten the plant life cycle from 20 weeks to 12 weeks.

Key features of the expanded facility include a state-of-the-art Argus Titan controller system, reverse osmosis water filtration, and capacity for over 2,000 plants per flowering room. The facility received operational approval on July 17, 2024, with full capacity expected by mid-October 2024. This expansion is set to enhance C3's ability to supply high-quality cannabis products to the Missouri market and support its retail network.

NewLake Capital Partners (OTCQX: NLCP), a leading real estate capital provider for state-licensed cannabis operators, has announced its third quarter 2024 cash dividend. The company's board of directors approved a dividend of $0.43 per share of common stock, equivalent to an annualized dividend of $1.72 per common share. This dividend will be payable on October 15, 2024, to stockholders of record at the close of business on September 30, 2024. This announcement demonstrates NewLake's commitment to providing consistent returns to its shareholders in the growing cannabis real estate sector.

NewLake Capital Partners (OTCQX: NLCP), a leading provider of real estate capital to state-licensed cannabis operators, has announced its participation in the Sidoti Fall Virtual Small Cap Conference on September 18-19, 2024. Anthony Coniglio, President and CEO, will present on Wednesday, September 18, 2024, at 1:45 p.m. ET.

Investors can access the presentation via a webcast link provided by the company. NewLake's management team is also available for one-on-one meetings, which can be scheduled through KCSA Strategic Communications. This event provides an opportunity for NewLake to showcase its business model and growth strategies to potential investors in the small cap market.

NewLake Capital Partners (OCTQX: NLCP) reported strong Q2 2024 financial results. Revenue increased 9.5% year-over-year to $12.5 million. Net income attributable to common stockholders was $6.8 million, while FFO and AFFO totaled $10.5 million and $11.0 million respectively. The company declared a quarterly dividend of $0.43 per share, marking its third consecutive quarterly increase.

NewLake acquired a cultivation facility in Connecticut for $4.0 million and committed to $12.0 million in improvements. With $20.7 million in cash and $82.4 million available in its credit facility, the company is well-positioned for future growth. NewLake also established a $50 million ATM program, enhancing its financial flexibility.

NewLake Capital Partners (OTCQX: NLCP), a leading provider of real estate capital to state-licensed cannabis operators, has announced its upcoming second quarter 2024 earnings call. The call is scheduled for Thursday, August 8, 2024, at 11:00 a.m. Eastern Time. Investors can join the live call by dialing 1-877-407-3982 (U.S. Toll-Free) or 1-201-493-6780 (International). A webcast will also be available. For those unable to attend, a replay will be accessible until August 22, 2024, by dialing 1-844-512-2921 (U.S. Toll Free) or 1-412-317-6671 (International) with the replay pin number: 13747921. Further details can be found on the company's Investor Relations website.