NewLake Capital Partners (NLCP) is a cannabis real estate investment trust (REIT) trading on the OTC. The stock is currently priced at $13.80 with a market capitalization of $283.9M and trailing twelve-month revenue of $47.9M. View SEC filings ↗
Market Cap
$283.9M
Volume
25.1K
Prev Close
$13.86
52W High
$16.75
52W Low
$12.09
P/S Ratio
5.92
Shares Out
20.6M
Revenue
$47.9M
Gross Margin
N/A
Cash
$25.8M
NLCP Price Chart
Latest Quarterly Results
In Q2 2026, NewLake Capital Partners reported revenue of $11.8M, down 6.2% from Q2 2025. Net income was $6.0M. The company ended the quarter with $25.8M in cash.
| NLCP | Q2 2026 | YoY |
|---|---|---|
| Revenue | $11.8M | -6.2% |
| Gross margin | — | — |
| Net income | $6.0M | -19.4% |
| Operating cash flow | $10.5M | -8.8% |
| Cash & equivalents | $25.8M | +17.9% |
| Total debt | — | — |
Source: SEC filings, in USD; quarters are calendar quarters of the period end. Latest filing: 10-Q, filed Aug 6, 2026 ↗. Next report expected around Nov 9, 2026 (estimate).
Trading Data
Valuation Metrics
Financial Highlights
View Full FinancialsQuarterly Revenue
Reported quarterly revenue (SEC filings)
TTM: $47.9M
NLCP Key Takeaways
- NewLake Capital Partners (NLCP) trades at $13.80 with a market cap of $283.9M, ranking #15 among 71 cannabis stocks.
- Trailing twelve-month revenue is $47.9M, declining -3.54% year-over-year.
- Balance sheet shows $25.8M in cash and equivalents; total debt is not reported in our data.
- Price-to-Sales ratio of 5.92x — in line with sector median.
- Ranked #2 by market cap in the REIT sector. Trades on the OTC exchange.
NLCP Stock Analysis
NewLake Capital Partners (NLCP) is a cannabis real estate investment trust (REIT) listed on the OTC exchange, headquartered in the United States. With a current share price of $13.80 and a market capitalization of $283.9M, NLCP ranks #15 out of 71 publicly traded cannabis stocks tracked on Cannabismarketcap.
From a fundamental perspective, NewLake Capital Partners reports trailing twelve-month revenue of $47.9M, representing a decline of -3.54% year-over-year. At a price-to-sales multiple of 5.92x, the stock is fairly valued compared to sector peers.
The company reports $25.8M in cash and equivalents; total debt is not reported in our data. Investors looking for a deeper dive can explore NLCP's full financial statements including quarterly breakdowns and balance sheet history.
NLCP currently trades within a 52-week range of $12.09 to $16.75. Average daily trading volume stands at 25.1K shares.
Corporate Information
Share Structure
NLCP Price History
Investment Snapshot
Programmatic analysis based on available financial data. Not investment advice.
Ranked #15 of 71 by market cap ($283.9M). Sector median: $32.9M.
Cash: $25.8M (debt not reported).
Revenue growth at -3.5% YoY. Sector median: +1.6%.
P/S ratio of 5.92x vs sector median of 0.71x. Fairly valued for the sector.
Cannabis Industry Context
Cannabis Industry Overview
Cannabis real estate investment trusts (REITs) occupy a specialized niche, providing capital to plant-touching operators through sale-leaseback transactions, build-to-suit developments, and direct property acquisitions. Because traditional commercial lenders and federally chartered banks generally cannot finance cannabis-related real estate, cannabis REITs serve as critical sources of non-dilutive capital for MSOs and cultivators that need to fund facility expansions. The sale-leaseback model allows operators to monetize owned real estate, converting a fixed asset into working capital while entering into long-term triple-net leases that provide the REIT with predictable, inflation-adjusted rental income. Cannabis REITs typically command above-market cap rates due to the perceived risk premium associated with their tenant base. However, as the regulatory environment evolves — particularly if federal banking reform is enacted — these elevated yields may compress as more conventional capital enters the market. Key metrics for evaluating cannabis REITs include adjusted funds from operations (AFFO), weighted average lease term, tenant concentration risk, and the credit quality of the operator base.
NewLake Capital Partners in the Cannabis REIT Landscape
NewLake Capital Partners (NLCP) currently ranks #2 out of 4 publicly traded cannabis reit companies by market capitalization, with a market cap of $283.9M. The company reports trailing-twelve-month revenue of $47.9M, placing it above the sector median of $47.9M. The cannabis reit sector comprises 4 tracked companies, reflecting the focused competitive landscape within this segment of the cannabis industry.
The top companies in the cannabis reit sector by market capitalization are Innovative Industrial Properties (IIPR) at $1.46B, NewLake Capital Partners (NLCP) at $283.9M, and Chicago Atlantic Real Estate Finance (REFI) at $233.0M. NewLake Capital Partners competes within this group for market share, investor attention, and operational scale as the sector continues to mature.
Key Metrics at a Glance
Regulatory & Risk Considerations
All cannabis investors should be aware that federal legalization status in the United States remains uncertain. While cannabis is legal for medical use in the majority of US states and for adult use in a growing number of jurisdictions, it remains classified as a Schedule I controlled substance at the federal level. This creates material legal, financial, and operational risks across the industry. Cannabis REITs like NewLake Capital Partners face a unique risk profile tied to the creditworthiness of their tenant base. Because most tenants are plant-touching cannabis operators subject to 280E, banking restrictions, and evolving state regulations, the underlying credit risk is higher than in traditional commercial real estate. Tenant defaults, facility obsolescence due to changing cultivation technology, and geographic concentration in specific states all represent material risks.
Federal legalization could paradoxically compress cannabis REIT returns: as conventional capital becomes available to operators, the premium yields that cannabis REITs currently command may normalize toward mainstream commercial real estate cap rates. Additionally, changes in state-level regulations — such as the elimination of canopy caps or the expansion of licensing — could reduce the strategic value of specific properties. Investors should evaluate each REIT's lease structures, rent coverage ratios, and the operational health of key tenants.
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Frequently Asked Questions
What is NewLake Capital Partners's (NLCP) stock price today?▼
NewLake Capital Partners (NLCP) stock is currently trading at $13.80 per share on the OTC exchange. This represents a daily decline of -0.46% ($0.0640) from the previous closing price of $13.86. Over the past 52 weeks, NLCP has traded between a low of $12.09 and a high of $16.75, placing the current price at approximately -18% from its annual high. The stock has a market capitalization of $283.9M, making it a notable cannabis companies tracked by Cannabismarketcap. NewLake Capital Partners operates in the REIT sector, serving the broader cannabis industry.
What is NewLake Capital Partners's market capitalization?▼
NewLake Capital Partners (NLCP) has a current market capitalization of $283.9M, calculated by multiplying its 20.6M shares outstanding by the current stock price of $13.80. Market capitalization is a key measure of a company's total equity value as perceived by the public market, and it places NewLake Capital Partners among the mid-cap cannabis companies tracked on Cannabismarketcap. Investors often use market cap alongside revenue and profitability metrics to assess relative valuation within the cannabis sector.
What is NewLake Capital Partners's annual revenue?▼
NewLake Capital Partners (NLCP) reports trailing twelve month (TTM) revenue of $47.9M, reflecting the total sales generated by the company over the most recent four quarters. Revenue has changed -3.54% year-over-year, reflecting a contraction in top-line performance relative to the prior period. The current price-to-sales ratio is 5.92x, which means investors are paying $5.92 for every $1 of annual revenue — a premium valuation in the context of the cannabis sector. Revenue is one of the most closely watched metrics for cannabis companies, as many are still scaling operations in a rapidly evolving regulatory environment. View the full income statement and quarterly revenue breakdown on Cannabismarketcap for detailed trend analysis.
What exchange is NLCP listed on?▼
NewLake Capital Partners trades under the ticker symbol NLCP on the OTC exchange, and the stock is denominated in US dollars (USD). Shares can typically be purchased through most standard brokerage accounts, though some brokers may charge additional fees for OTC-listed securities. The stock sees average daily trading volume of approximately 25.1K shares, which is an important consideration for liquidity and the ability to enter or exit positions without significant price impact.
What is NLCP's 52-week trading range?▼
NewLake Capital Partners (NLCP) has traded between a 52-week low of $12.09 and a 52-week high of $16.75, with the current price of $13.80 sitting approximately -18% from the annual high. This range represents a spread of $4.66 (39% from low to high), which reflects the volatility the stock has experienced over the past year. The 52-week range is a commonly used technical indicator that helps investors understand whether a stock is trading near the top or bottom of its recent range, and it can inform decisions about entry and exit points. Cannabis stocks in general tend to exhibit higher volatility than broader market indices due to evolving regulations and market sentiment.
What is NewLake Capital Partners's cash position and debt level?▼
NewLake Capital Partners reports $25.8M in cash and equivalents; total debt is not reported in our data. Balance sheet strength is especially important in the cannabis industry, where companies often face limited access to traditional banking and capital markets. Investors should track these metrics over time on Cannabismarketcap to identify trends in cash consumption and debt management.
How many shares outstanding does NewLake Capital Partners have?▼
NewLake Capital Partners (NLCP) currently has 20.6M shares outstanding, which when multiplied by the current stock price of $13.80 gives the company its market capitalization of $283.9M. Share count is important because all per-share metrics (earnings per share, book value per share, etc.) are directly impacted by changes in shares outstanding. Cannabis companies frequently issue new shares to raise capital, so monitoring dilution trends on Cannabismarketcap is recommended for long-term investors.
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Disclaimer
The information on this page is provided for informational purposes only and does not constitute financial advice, investment recommendations, or an offer to buy or sell securities. Cannabismarketcap is not a registered broker-dealer or investment advisor. All data, including stock prices, market capitalizations, financial metrics, and analysis for NewLake Capital Partners (NLCP), is provided “as is” without warranty of any kind. Past performance does not guarantee future results. Cannabis stocks are highly volatile and carry significant risk, including the potential for total loss of investment. Marijuana remains illegal under federal law in the United States. Always conduct your own due diligence and consult a qualified financial advisor before making investment decisions. Data may be delayed or inaccurate. See our terms of service and privacy policy for more information.