2024-05-17 03:28:48 ET
Summary
- NLCP has done remarkably well over the past year, with an RoR of 80%+.
- Bullish catalysts have played out as expected, and the price has almost reached the price target.
- With questions around the long-term sustainability of NewLake's sale-leaseback business model, it's time to scale out.
Dear readers,
NewLake Capital Partners ( OTCQX:NLCP ) is a cannabis REIT which owns 14 industrial cultivation facilities and 17 dispensaries in license-limited U.S. states, leased to about a dozen tenants....
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NewLake Capital Partners: It's Time To Scale Out (Downgrade)