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Cannabis REIT NewLake: 9.3% YoY Q3 Revenue Growth Despite Tenant Challenges, CEO Optimistic
Thursday, November 14, 2024 - 10:28am | 491NewLake Capital Partners, Inc. (OCTQX: NLCP) announced its financial results Wednesday for the third quarter ended Sept. 30, 2024. The Connecticut-based company said third-quarter revenue totaled $12.6 million, representing an increase of 9.3% year-over-year. Anthony Coniglio, NewLake's president...
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Cannabis Industry Leaders React To Trump Victory: Expect Changes
Wednesday, November 6, 2024 - 11:04am | 747Cautiously optimistic is one way to look at former President Donald Trump’s electoral win among cannabis industry leaders, some of whom say they are balancing hope for reforms with concerns over regulatory clarity and state autonomy. As the industry awaits Trump's direction on cannabis...
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EXCLUSIVE: How To Raise Capital In Cannabis - A Guide To Debt And Equity For Avoiding Pitfalls That Sink Most Startups
Monday, October 14, 2024 - 10:48am | 1042When your cannabis business needs cash, where do you turn? Should you give up some control for investors or borrow money and risk debt? At the Benzinga Cannabis Capital Conference in Chicago, experts tackled these tough decisions. The panel, “Cannabis Financing 101,” offered practical...
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Cannabis Reform On The Horizon, But 'Lasting Change' Requires More Than Promises
Wednesday, September 25, 2024 - 2:17pm | 661As the push for federal cannabis reform remains a central talking point, industry leaders are watching closely to see how political developments might shape the market’s future. With Vice President Kamala Harris and Minnesota Gov. Tim Walz now forming the first explicitly pro-cannabis...
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Delta-8 THC Regulation Raises Public Safety Concerns And Industry Challenges
Wednesday, August 21, 2024 - 10:34am | 531As Delta-8 THC continues to gain popularity, the debate over its regulation is intensifying, with both the alcohol and cannabis industries watching closely. Anthony Coniglio, CEO of NewLake Capital Partners and upcoming Benzinga Cannabis Capital Conference speaker, weighed in on the implications...
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California Cannabis Exodus: Wildfires & Low Prices Threaten Cultivators' Survival
Monday, August 19, 2024 - 1:07pm | 712Small-scale cannabis farmers in California are increasingly abandoning their fields as they grapple with the dual threats of destructive wildfires and falling prices, signaling a troubling trend for America’s largest legal cannabis market. Industry experts anticipate this exodus will persist...
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Inside Benzinga Cannabis Capital Conference: Meet The Industry Leaders
Tuesday, August 13, 2024 - 8:50am | 1610The Benzinga Cannabis Capital Conference, scheduled for October in Chicago, is set to be a standout event in the cannabis industry calendar. This conference will feature an impressive roster of industry leaders and innovators, each bringing their own perspective to the forefront of cannabis...
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Cannabis REIT NewLake's Q1 2024 Revenue Grows 10.4% Hitting $12.6M, CEO Is Optimistic About Possible Marijuana Rescheduling
Thursday, May 9, 2024 - 1:25pm | 683Cannabis REIT NewLake Capital Partners Inc. (OCTQX: NLCP) announced its financial results Thursday for the first quarter of the year ended March 31, 2024. With a primary focus on providing real estate capital to state-licensed cannabis operators, the company’s performance underscores its...
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Cannabis REIT NewLake Invests $16M In Connecticut Marijuana Cultivation Facility, Expands Partnership With Michigan's C3 Industries
Wednesday, May 8, 2024 - 4:01pm | 546Cannabis REIT NewLake Capital Partners, Inc. (OTCQX:NLCP) announced on Wednesday that it is acquiring a 58,500 square-foot industrial property in East Hartford, Connecticut. The company also said that it has entered into a long-term triple net lease with an affiliate of Michigan-based C3...
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Cannabis REIT NewLake: YoY Increase In Q4 & FY 2023 Revenue Amid 'Challenging Environment,' CEO Says
Monday, March 11, 2024 - 10:09am | 507Cannabis REIT NewLake Capital Partners, Inc. (OCTQX: NLCP) announced its financial results on Monday for the fourth quarter and full year ended Dec. 31, 2023. The Connecticut-based company reported a 6.4% year-over-year increase in revenue to $13 million in the fourth quarter. Full-year revenue...
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Q3 2023 Earnings Season: Record Revenue, Robust Performance, Consistent Results From Three Cannabis Companies
Thursday, November 9, 2023 - 10:47pm | 879Nova Cannabis Inc. Reports Record Q3 2023 Revenue, Achieving Gross Margin Growth Nova Cannabis Inc. (TSX: NOVC) (OTCQB: NVACF) released its unaudited condensed interim consolidated financial statements for the three and nine months ended September 30, 2023. Q3 Financial Highlights Total...
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Is The Cannabis Industry Too Optimistic?
Thursday, September 7, 2023 - 5:29pm | 775“Everybody thinks it’s just around the corner. It’s going to happen. Just wait a few more months,” pointed out Anthony Coniglio, founder, president and CIO of NewLake Capital Partners Inc. (OTCQX: NLCP) during a discussion at the Benzinga Cannabis Capital...
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Is Federal Cannabis Legalization A Double-Edged Sword? The Answer Is Complicated
Tuesday, September 5, 2023 - 2:37pm | 906"The real catalyst is going to be federal legalization. Unfortunately, it’s just going to take many years longer," began Anthony Coniglio, founder, president, and CIO of NewLake Capital Partners Inc. (OTCQX: NLCP), setting the tone for what would be an illuminating discussion at the...
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Taxation Without Representation: Are Cannabis Operators Unfairly Targeted By The IRS?
Thursday, August 31, 2023 - 4:54pm | 926"When you own a cannabis license under some trafficking law, you have a very punitive tax liability," said David Van Vlierbergen, CFO and co-founder at Fernway as he stood alongside Anthony Coniglio, founder, president and CIO of NewLake Capital Partners Inc (OTCQX:...
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NewLake Capital Partners Q2 Revenue Grows 8.2% YoY, Here Are The Details
Thursday, August 10, 2023 - 8:09am | 501NewLake Capital Partners, Inc. (OCTQX:NLCP) a provider of real estate capital to state-licensed cannabis operators, released its financial results for the second quarter ended June 30, 2023, revealing revenue of $11.4 million, an increase of 8.2% compared to $10.5 million in Q2 2022. Q2 2023...