NewLake Capital Partners, Inc.

NewLake Capital Partners is an internally-managed real estate investment trust (REIT) that provides real estate capital to state-licensed cannabis operators. The company specializes in sale-leaseback transactions, third-party purchases, and funding for build-to-suit projects. As of its latest data, NewLake owns a portfolio of 34 properties, including 15 cultivation facilities and 19 dispensaries. These properties are primarily leased to single tenants under triple-net lease agreements, meaning the tenant is responsible for taxes, insurance, and maintenance. The company was formed and incorporated on April 9, 2019, in Maryland, USA.

NewLake Capital Partners trades on the OTC Markets OTCQX exchange under the ticker symbol NLCP. The company is based in the United States and its financials are reported in US Dollars (USD). The OTCQX is a premium tier of the OTC Markets Group, which provides a public trading platform for companies that meet higher financial and disclosure standards. Investors can buy and sell NLCP shares in USD through brokerages that support OTC trading.

NewLake Capital Partners operates in the Real Estate sector and is classified under the REIT - Specialty industry. As a real estate investment trust, the company is required to distribute at least 90% of its taxable income to shareholders as dividends. Within the specialty REIT category, NewLake focuses specifically on cannabis-related real estate, providing capital to state-licensed operators. This niche allows the company to serve a growing industry while benefiting from the stable income generated by triple-net leases.

NewLake Capital Partners generates revenue by acquiring and leasing real estate properties to state-licensed cannabis operators. The company uses sale-leaseback transactions, where it purchases a property from an operator and then leases it back to them, providing the operator with capital while NewLake retains ownership. It also engages in third-party purchases and funds build-to-suit projects. The portfolio consists of 34 properties—15 cultivation facilities and 19 dispensaries—leased under triple-net agreements, which shift most property expenses to tenants. This model provides NewLake with predictable, long-term rental income.

NewLake Capital Partners was formed and incorporated on April 9, 2019, in the state of Maryland, USA. While the company's headquarters location is not explicitly stated in the available data, its incorporation in Maryland indicates its legal domicile. As a US-based REIT, NewLake focuses on providing real estate capital to cannabis operators within the United States, specifically those operating under state licenses. The company serves the US market, where cannabis is legal at the state level but remains federally illegal.