Streetbeat News

NLCP

NewLake Capital Partners Inc

https://www.greenacreagereit.com/

Industry

Lessors of Residential Buildings and Dwellings

Open

18.78

Mkt cap

391M

Volume

17K

High

19.00

P/E Ratio

14.43

52-wk high

21.46

Low

18.75

Div yield

0.09

52-wk low

13.10

NewLake Capital Partners, Inc. (NLCP) held its Q3 2024 earnings conference call, discussing financial performance and company updates.

Portfolio Pulse from

November 14, 2024 | 7:45 pm

Chicago Atlantic Real Estate Finance, NewLake Capital Partners, and Cresco Labs are set to report their Q3 2024 earnings. Chicago Atlantic will release its results on Nov. 7, NewLake on Nov. 14, and Cresco Labs on Nov. 8. These reports will provide insights into their financial health and strategic progress in the cannabis sector.

Portfolio Pulse from Jelena Martinovic

October 17, 2024 | 3:28 pm

The Benzinga Cannabis Capital Conference in Chicago provided insights into cannabis financing, focusing on debt and equity options for startups. Experts discussed funding sources, the pros and cons of equity vs. debt, and real estate challenges in the cannabis industry. Cash flow management was emphasized as crucial for securing financing.

Portfolio Pulse from Nicolás Jose Rodriguez

October 14, 2024 | 2:48 pm

New Lake Capital Partners (OTC:NLCP) is highlighted as a stable investment in the volatile cannabis market, offering strong dividend yields and rental income growth. Despite some tenant risks, NLCP's conservative debt strategy and solid financial performance make it an attractive option compared to peers like Innovative Industrial Properties (NYSE:IIPR).

Portfolio Pulse from Nicolás Jose Rodriguez

September 14, 2024 | 8:32 pm

The potential rescheduling of cannabis by the DEA is a critical issue for the cannabis industry, with a key hearing scheduled for December 2024. Experts discussed the procedural and political challenges that could delay the process, emphasizing that while rescheduling is a positive step, full descheduling is the ultimate goal for effective regulation.

Portfolio Pulse from Nicolás Jose Rodriguez

September 13, 2024 | 3:06 am

The DEA's potential rescheduling of cannabis from Schedule I to Schedule III is a critical issue for investors, with a webinar hosted by Z&A to discuss its implications. The DEA's delay in the final ruling has already impacted cannabis stocks, including a significant drop in the AdvisorShares Pure US Cannabis ETF (MSOS) and other major players.

Portfolio Pulse from Nicolás Jose Rodriguez

September 10, 2024 | 8:37 pm

The Benzinga Cannabis Capital Conference, a key event for the cannabis industry, will take place in Chicago on October 8-9, 2024. It will feature influential speakers, networking opportunities, and discussions on market trends, legal landscapes, and cannabis technology.

Portfolio Pulse from Javier Hasse

August 29, 2024 | 3:12 pm

The Benzinga Cannabis Capital Conference will take place in Chicago on October 8-9, 2024, gathering key cannabis industry leaders and investors. The event will feature expert panels, networking opportunities, and discussions on cannabis legalization and market opportunities. Notable speakers include leaders from Verano Holdings, Cresco Labs, Organigram, and more.

Portfolio Pulse from Javier Hasse

August 26, 2024 | 4:23 pm

California's cannabis industry faces significant challenges as small-scale farmers abandon cultivation due to wildfires, low prices, and lack of federal aid. Companies like NewLake Capital Partners, Verano Holdings, and Lowell Farms are impacted by these market dynamics.

Portfolio Pulse from Patricio Liddle

August 19, 2024 | 5:07 pm

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is outperforming its peers in the cannabis capital providers and mortgage REIT sectors due to its premium valuation, high dividend yield, and robust growth track record. REFI trades at a 3% premium to its book value and offers a 12.2% dividend yield, supported by a solid dividend coverage ratio and special cash dividends. Despite an increase in leverage, REFI maintains a conservative risk profile and a strong growth track record, making it an attractive investment.

Portfolio Pulse from Nicolás Jose Rodriguez

July 05, 2024 | 3:02 pm

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