NewLake Capital Partners

New Canaan, CT, United StatesFounded 2019

About NewLake Capital Partners

NewLake Capital Partners is a cannabis-focused REIT that provides sale-leaseback capital and mortgage financing to licensed US cannabis operators, with a portfolio of cultivation and dispensary properties across multiple states.

Key Facts

  • 1Trades on the OTC market under NLCP and has grown its portfolio to dozens of properties across legal US states
  • 2Focuses on top-tier operators with strong balance sheets and established market positions as tenants

Frequently Asked Questions

How does NewLake differ from IIPR?

Both are cannabis REITs, but NewLake is smaller and trades OTC rather than NYSE, often working with mid-market operators alongside the same large MSOs.

What types of properties does NewLake invest in?

NewLake invests in cultivation facilities, processing plants, and dispensary properties leased to licensed cannabis operators.