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NLCP

13.80000 USD
0
0%
Last update Sep 12, 3:59 PM EDT
Market closed
Day range
13.60000
13.89000
Previous close
13.80000
Open
13.82000
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NewLake Capital Partners Inc.
13.80
0
0%

Overview

Description

NewLake Capital Partners Inc. is a real estate investment trust (REIT) that specializes in providing capital solutions to the cannabis industry through the property sector. Its primary function is to acquire and lease industrial and retail properties for use by state-licensed cannabis operators. This strategic focus allows NewLake Capital to tap into the burgeoning legal cannabis market, providing essential infrastructure to a sector characterized by rapid growth and significant regulatory complexity. Notably, the company's portfolio includes a diverse range of properties, including cultivation facilities, processing plants, and dispensaries. These properties are leased to leading cannabis operators, thus ensuring stable rental income streams for the trust. By focusing on high-demand locations and maintaining strong tenant relationships, NewLake Capital aims to achieve long-term appreciation in asset value. In the financial market, NewLake Capital Partners plays a crucial role in bridging the gap between real estate and the cannabis industry. It allows investors to gain indirect exposure to the cannabis sector through real estate, thus diversifying their investment portfolios while also supporting the growth and consolidation of cannabis enterprises across various states.

About

CEO
Mr. Anthony Coniglio CPA
Employees
8
Address
50 Locust Avenue
First Floor
New Canaan, 06840, CT
United States
Phone
203 594 1402
Website
Instrument type
Common stock
Sector
Real Estate
Industry
REIT - Specialty
Country
United States
MIC code
PINX
Market closed

Exchange is currently closed (non-working day)
Pre-market opens in 1 day 15 hours 12 minutes

14:47
00:00
23:59

Trading Hours (Monday - Friday):

Pre-market
06:00 - 09:30
Main market
09:30 - 16:00
Post-market
16:00 - 17:00
All times are displayed in the America/New_York timezone (EDT, UTC-04:00).