NEWLAKE CAP PARTNERS INC - NLCP STOCK NEWS

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.

NewLake Capital Partners, Inc. (OTCQX: NLCP) announced a cash dividend of $0.33 per share for Q1 2022, marking the fourth consecutive increase. This equates to an annualized dividend of $1.32 per share. The dividends will be payable on April 14, 2022 to stockholders recorded by March 31, 2022. NewLake provides capital for state-licensed cannabis operators through sale-leaseback transactions and owns 28 cultivation facilities and dispensaries on a triple-net lease basis.

NewLake Capital Partners (NLCP) plans to host a conference call on March 17, 2022, to discuss its fourth quarter and full year 2021 financial results. The call will occur at 8:30 a.m. ET, with a live dial-in option available. Investors can also access a replay until March 31, 2022. NewLake is a REIT providing capital to state-licensed cannabis operators, owning a portfolio of 28 properties leased on a triple-net basis. Further details can be found on their website.

NewLake Capital Partners announces participation in the 2022 KCSA Cannabis Virtual Investor Conference on January 19-20. Anthony Coniglio, President and Chief Investment Officer, will present live on January 20 from 3:00 PM to 3:30 PM ET. The event will allow real-time interaction with investors, and an archived webcast will be available post-event. NewLake specializes in providing real estate capital to state-licensed cannabis operators, owning 27 facilities leased on a triple-net basis. Interested parties can register for the event through a provided link.

NewLake Capital Partners (OTCQX: NLCP) has acquired a 70,000-square-foot industrial property in Chaffee, Missouri, for $21.1 million, which includes a $5.1 million commitment for tenant improvements. The facility will be leased to Organic Remedies, a cannabis operator, as a cultivation and processing center. This acquisition marks NewLake's entry into Missouri, expanding its real estate portfolio to 11 states. CEO David Weinstein expressed optimism about the partnership and the growth potential in the state.

NewLake Capital Partners (NLCP) announced a fourth quarter 2021 cash dividend of $0.31 per share, marking a 29% increase from the previous quarter's annualized dividend of $0.96. The annualized dividend now totals $1.24 per share. This dividend will be payable on January 14, 2022, to shareholders who are on record as of December 31, 2021. NewLake focuses on providing real estate capital to state-licensed cannabis operators, owning a portfolio of 27 cultivation facilities and dispensaries.