NEWLAKE CAP PARTNERS INC - NLCP STOCK NEWS

NewLake Capital Partners, Inc. (OTCQX: NLCP) announced the retirement of CFO Fred Starker, effective June 13, 2022, with Lisa Meyer appointed as his successor. Starker will assist with the transition under a consulting agreement until August 13, 2022. Lisa Meyer brings over 25 years of financial leadership experience, having previously served as CFO and President at Western Asset Mortgage Capital. The company emphasizes the exciting growth opportunities in the cannabis industry, positioning Meyer to further enhance their leadership in this sector.

NewLake Capital Partners (NLCP) reported a strong Q1 2022 with revenues of $10.2 million, marking a 13% increase sequentially and a remarkable 130% growth year-over-year. Net income attributable to common stockholders reached $5 million, up from $1.5 million the previous year. The company declared a dividend of $0.33 per share. For the full year, NLCP expects revenue between $42 million and $44 million. They also announced a $30 million revolving credit facility to support future growth and acquisitions.

NewLake Capital Partners (OTCQX: NLCP) announced the establishment of a five-year revolving credit facility, initially committing $30 million with potential expansion to $100 million. The facility features a fixed interest rate of 5.65% for the first three years, transitioning to a floating rate thereafter. This move aims to enhance capital accessibility for investing in the cannabis sector, according to President Anthony Coniglio. NewLake focuses on providing real estate capital through sale-leaseback transactions and currently manages a portfolio of 28 cultivation facilities and dispensaries.

NewLake Capital Partners (OTCQX: NLCP) announced that President Anthony Coniglio will participate in the Wolfe Research Virtual Consumer Conference on May 12-13, 2022. He will be part of the Cannabis Cultivation and Capital Panel on May 13 at 1:45 p.m. ET. Interested attendees can register for the event here. NewLake specializes in providing real estate capital to cannabis operators.

NewLake Capital Partners (NLCP) will host a conference call to report its first quarter 2022 financial results on May 12, 2022, at 4:30 p.m. ET. Investors can join the call via U.S. Toll-Free number +1-888-882-4478 or International +1-646-828-8193. A replay will be available until May 26, 2022. NewLake specializes in providing real estate capital to state-licensed cannabis operators, owning 28 cultivation facilities and dispensaries on a triple-net lease basis. For further details, visit the Company’s website.

NewLake Capital Partners (OTCQX: NLCP), a key player in providing capital to cannabis operators, will participate in three investor conferences in April 2022. These include the BISNOW National Cannabis Real Estate Summit in Chicago on April 20, featuring a panel titled 'A Deep Dive into the Real Estate Behind the Reefer,' and the Sequire Cannabis & Psychedelic Conference on the same day. Additionally, Benzinga Cannabis Conference in Miami will host an exclusive interview with President and CIO Anthony Coniglio on April 21. For more information, visit NewLake's website.

NewLake Capital Partners has announced the closing of the first part of a three-part commitment involving a $34 million investment in a cultivation property in Missouri. The initial investment includes a $7.3 million purchase of a 40,000-square-foot facility, alongside a commitment to fund an additional $5.2 million for construction completion by June 2022. Future phases include a potential $16.5 million expansion and a $5 million loan. This strategic move enhances NewLake's portfolio and strengthens its relationship with C3 Industries, known for its success in cannabis markets.

NewLake Capital Partners (NLCP) announced its participation in two significant cannabis conferences in April 2022: the BTIG Global Cannabis Virtual Conference on April 7^th and the 2^nd Annual Cantor Fitzgerald Virtual Cannabis Conference on April 12^th. The BTIG conference features a fireside chat moderated by REIT Analyst Thomas Catherwood. Investors can schedule meetings with management through BTIG or Cantor representatives. NewLake operates as a real estate investment trust, focusing on cannabis operators and currently owns a portfolio of 28 cultivation facilities and dispensaries.

NewLake Capital Partners reported strong financial results for Q4 2021, with revenue reaching $9.0 million, a 12% increase sequentially and 122% year-over-year. For the full year, the company generated $28.2 million in revenue, up 142% YoY. Net income for Q4 was $4.3 million, compared to $2.9 million in Q4 2020. The company also announced a quarterly dividend of $0.33 per share for Q1 2022. Key metrics include a robust pipeline and a weighted average lease term of 14.5 years.