NewLake Capital Partners, Inc. is a real estate investment trust focused on owning and managing properties used by state-licensed cannabis operators in the United States. The company provides real estate capital to cannabis businesses by acquiring cultivation, processing, and retail facilities and leasing those properties to established operators.
NewLake generally uses long-term, triple-net lease arrangements, under which tenants are responsible for most property-level expenses, including taxes, insurance, and maintenance. Its portfolio may support a range of cannabis-related activities, including the cultivation, manufacturing, processing, and sale of medical and adult-use cannabis products, depending on applicable state regulations.
Founded in 2019, NewLake Capital Partners serves cannabis operators across multiple U.S. markets where commercial cannabis activity is permitted. The company is led by a management team with experience in real estate, finance, and the cannabis industry, and its shares trade over the counter under the symbol NLCP.
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