NewLake Capital Partners enters – GuruFocus.com

NEW CANAAN, Conn., May 09, 2022 (GLOBE NEWSWIRE) — NewLake Capital Partners, Inc. (OTCQX: NLCP) (the “Company” or “NewLake”), a leading provider of licensed cannabis real estate capital State Operators, today announced that it has entered into a five-year revolving credit facility (“Credit Facility”) with an initial commitment of $30 million. The credit facility is considering expanding to $100 million as more lenders are added. The credit facility has a fixed interest rate of 5.65% for the first three years and a variable rate thereafter.

“We are pleased to announce NewLake’s inaugural credit facility,” said Anthony Coniglio, President and Chief Investment Officer. “Access to this additional capital will allow us to continue our disciplined approach to investing in high-quality assets in the growing cannabis industry and the renewable nature of this facility will help us manage our use of capital effectively. “

About NewLake Capital Partners, Inc.
NewLake Capital Partners, Inc. is an internally managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and financings for custom construction projects. NewLake has a portfolio of 28 grow facilities and dispensaries which are leased to single tenants on a triple net basis, and provided a loan secured by a structured grow facility to be converted into sale-leaseback unless specific arrangements are made. be met by July 29. 2022. For more information, please visit www.newlake.com.

Forward-looking statements
This press release contains “forward-looking statements”. Forward-looking statements can be identified by words such as “may”, “will”, “probable”, “should”, “expect”, “anticipate”, “future”, “plan”, “believe”, “intend”, “objective”, “plan”, “continue” and similar expressions. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on our current beliefs and expectations. Forward-looking statements, including statements regarding the timing of settlement and the use of proceeds from the initial public offering, are based on the Company’s current expectations and assumptions regarding capital market conditions, the Company’s business , the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are beyond our control. Our actual results may differ materially from those indicated in the forward-looking statements. Accordingly, you should not rely on any such forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those set forth in the forward-looking statements include, among others, changes in the condition of the US economy and, in particular, the US real estate market.

Contact information:
Antoine Coniglio
President and Chief Investment Officer
NewLake Capital Partners, Inc.
[email protected]

Investor contacts:
Valter Pinto, Managing Director
KCSA Strategic Communications
[email protected]
TEL: (212) 896-1254

Media Contact:
McKenna Miller
KCSA Strategic Communications
[email protected]
TEL: (212) 896-1254

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