NLCP - NewLake Has Stabilized And Remains Attractive
2024-03-13 02:34:21 ET
Summary
- NewLake Capital Partners is a cannabis REIT with a market cap of $340 million, holding 14 cultivation facilities and 17 dispensaries.
- The company has reported improved performance, with a Q4 revenue of $13 million and 100% rent collections.
- Catalysts for potential price growth include the continued growth of the cannabis industry and the potential rescheduling of cannabis by the Federal government.
Dear readers,
NewLake Capital Partners ( OTCQX:NLCP ) is a high-yield cannabis REIT with operations in limited-license states in the U.S. The REIT is relatively small with a market cap of $340 Million, trades over-the-counter (OTC), and holds 14 cultivation facilities and 17 dispensaries leased to a total of 13 tenants....
NewLake Has Stabilized And Remains Attractive