NewLake Capital Partners (NLCP) - Hoya Hotseat
Hoya Capital
NewLake Capital Partners (NLCP) is an internally managed REIT that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases for build-to-suit projects. NewLake owns a portfolio of 32 cultivation facilities and dispensaries that are leased to single tenants on a triple-net basis.
NewLake CEO Anthony Coniglio joins the Hoya Hotseat to discuss the growth of the legal cannabis industry, the opportunity for REITs in providing capital to cannabis operators, the recent cash flow struggles among some cannabis operators, and the long-term outlook for the broader cannabis industry.