NEWLAKE CAP PARTNERS INC - NLCP STOCK NEWS

NewLake Capital Partners reported third quarter 2021 revenue of $8.1 million, marking a 22% sequential increase and 135% year-over-year growth. The net income attributable to common stockholders reached $2.7 million, or $0.14 per share. Funds from operations (FFO) were $5.2 million, and adjusted funds from operations (AFFO) totaled $6.0 million. Following a successful IPO that raised $102 million in August, the company deployed $30 million for a new investment. The portfolio comprises 27 properties across 10 states, with ongoing commitments to tenant improvements.

NewLake Capital Partners (OTCQX: NLCP) announced a nine-month senior secured loan to Hero Diversified Associates (HDAI), a state-licensed medical marijuana grower in Pennsylvania. The loan includes a first-lien mortgage on HDAI’s facility and will convert to a 20-year sale leaseback unless specific conditions are met by August 1, 2022. CEO David Weinstein expressed enthusiasm for this partnership, highlighting the tailored financial structure provided to HDAI for its growth.

NewLake Capital Partners, a real estate investment trust focused on state-licensed cannabis operators, is set to report its third quarter 2021 financial results on November 12, 2021, at 8:30 a.m. ET. This call will discuss earnings for the period ending September 30, 2021. Investors can join via a live call or webcast, with a replay available until November 26, 2021. The company currently owns a portfolio of 27 cannabis-related properties, leased on a triple-net basis, highlighting its commitment to the cannabis real estate market.

NewLake Capital Partners (NLCP) celebrated a significant milestone by ringing the opening bell at the OTC Markets Group, highlighting its commitment to the cannabis sector's growth. CEO David Weinstein expressed gratitude for the invitation, emphasizing the company's dedication to meeting the increasing capital demands of state-licensed cannabis operators. NewLake specializes in providing real estate capital through sale-leaseback transactions and owns a portfolio of 27 cannabis cultivation facilities and dispensaries leased on a triple-net basis.

NewLake Capital Partners (OTCQX: NLCP) will participate in two key cannabis conferences: Benzinga’s Cannabis Capital Conference on October 14, 2021, in New York City, featuring a panel discussion by President Anthony Coniglio, and MJBizCon from October 20-22, 2021, in Las Vegas. Management will hold one-on-one meetings with investors at both events. The company specializes in real estate capital for state-licensed cannabis operators, with a portfolio of 27 cultivation and dispensary facilities. Investors can schedule meetings via investor relations.

StoicLane has launched a private holding company focused on the Finance, Insurance & Real Estate (FIRE) sectors. Co-founders, including Al Goldstein, have a proven track record, creating over $4B in equity value since 2004. The company aims to use data and technology to enhance service quality. Industry veterans, including Nigel Morris of QED Investors, are joining the Board and Advisory Team. StoicLane is actively pursuing partnerships with leading operators in its sectors to drive growth and success.

NewLake Capital Partners (NLCP) announced a partial cash dividend of $0.12 per share for Q3 2021, payable on October 15, 2021. This dividend covers the period from the closing of its IPO on August 13, 2021 to September 30, 2021. The company also paid a special cash dividend of $0.12 per share on August 18, 2021, for the period from July 1, 2021, to the IPO closure. NewLake focuses on providing real estate capital to cannabis operators through sale-leasebacks and owns a portfolio of 27 facilities leased on a triple-net basis.

NewLake Capital Partners (OTCQX: NLCP) reported significant growth in Q2 2021, with revenues of $6.7 million, up from $2.1 million year-over-year. Net income attributable to shareholders rose to $2.7 million ($0.16/share). The company successfully closed its IPO in August 2021, raising approximately $102 million. Total real estate costs for acquired properties reached $160.5 million. Adjusted funds from operations (AFFO) for Q2 were $4.9 million ($0.28/share), while funds from operations (FFO) were $4.8 million ($0.28/share). Cash reserves stood at $76.5 million as of June 30, 2021.

NewLake Capital Partners (OTCQX: NLCP) will present at the KCSA Cannabis Virtual Investor Conference on September 9, 2021, at 10:30 a.m. ET. CEO David Weinstein and President Anthony Coniglio will engage with investors during this interactive online event. A recorded session will be available for those unable to attend live. Investors are encouraged to pre-register for the event to ensure participation and receive updates. NewLake Capital specializes in providing real estate capital to state-licensed cannabis operators through various investment strategies.