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home / news releases / PW - NewLake Capital Partners: The New Cannabis REIT On The Block

PW - NewLake Capital Partners: The New Cannabis REIT On The Block

Power REIT
  • NewLake Capital Partners has an attractive portfolio of both retail and industrial real estate leased to cannabis operators.
  • NewLake has strong tenants that consist of established, multi-billion dollar companies, rather than your typical cannabis startup.
  • NewLake owns properties in mostly limited license states, protecting them should a tenant vacate and enhancing the demand for their properties.
  • The company's $55 million in cash provides significant dry powder to acquire additional properties without diluting existing shareholders or taking on debt.
  • NewLake's current valuation is much more attractive than its cannabis REIT peers on Power REIT and Innovative industrial.

For further details see:

NewLake Capital Partners: The New Cannabis REIT On The Block
Stock Information
Company Name: Power REIT
Stock Symbol: PW
Market: NYSE
Website: pwreit.com
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