NEWLAKE CAP PARTNERS INC - NLCP STOCK NEWS

NewLake Capital Partners (OTCQX: NLCP), a provider of real estate capital for state-licensed cannabis operators, announced that President Anthony Coniglio will speak at the Force Family Office Cannabis Symposium on June 29, 2022. The symposium will feature a panel discussion on Cannabis Real Estate Investing, moderated by Owen Bennett from Jefferies. NewLake operates a portfolio of 28 cultivation facilities and dispensaries, offering capital through sale-leaseback transactions and loans. For details on one-on-one meetings, contact KCSA Strategic Communications.

NewLake Capital Partners (NLCP) announced a second quarter 2022 cash dividend of $0.35 per share, marking its fifth consecutive quarterly increase. This equates to an annual dividend of $1.40 per common share. The dividends will be distributed on July 15, 2022, to stockholders recorded by the close of business on June 30, 2022. NewLake Capital, a real estate investment trust, focuses on providing capital to state-licensed cannabis operators, owning 28 cultivation facilities and dispensaries under triple-net leases.

NewLake Capital Partners, a key provider of real estate capital for licensed cannabis operators, announced that its President, Anthony Coniglio, will participate in the Needham & Co. Debt Financing in the US Cannabis Industry webinar on June 16, 2022, at 10:30 a.m. ET. This event is hosted by Senior Cannabis Analyst Matt McGinley. After the webinar, interested parties can arrange one-on-one meetings with NewLake's management through a Needham representative or by contacting KCSA Strategic Communications.

NewLake owns 28 cultivation facilities and dispensaries, utilizing a triple-net lease model.

NewLake Capital Partners, Inc. (OTCQX: NLCP) announced the promotion of Anthony Coniglio to Chief Executive Officer, effective July 15, 2022. Coniglio, who has extensive experience in the cannabis real estate sector, was previously the President and Chief Investment Officer. This change aligns with a succession plan initiated during the Company's merger in March 2021. Current CEO David Weinstein will remain on the Board of Directors and Investment Committee, continuing to support the Company. The leadership transition aims to enhance growth in the dynamic cannabis industry.

NewLake Capital Partners (OTCQX: NLCP) announced that President Anthony Coniglio will speak at the Jefferies Cannabis Summit on June 2, 2022, at the InterContinental Barclay in New York City. Coniglio will participate in a panel discussion focused on Cannabis Debt Financing at 11:00 AM ET. NewLake specializes in providing capital to state-licensed cannabis operators through sale-leaseback transactions and has a portfolio of 28 properties leased on a triple-net basis. Investors interested in one-on-one meetings can contact their Jefferies representative or email KCSA Strategic Communications.

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.