2024-04-15 08:31:53 ET
Summary
- NewLake Capital Partners is a REIT that serves the cannabis industry, offering a pick-and-shovel play on the sector.
- The company has demonstrated the ability to navigate tenant crises and has almost no debt, making it an interesting investment at this price.
- Despite challenges and risks, the cannabis sector has significant upside potential as legalization continues to expand.
One of my favorite principles in investing is the so-called pick and shovel play. That is, once an interesting industry is identified, instead of trying to bet on the winner among all the participants, an interesting play would be investing in a business that is serving all the market participants with the tools and services needed to operate in that particular industry....
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NewLake Capital Is A Very Interesting Speculative Buy