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NewLake Capital Partners ( (NLCP) ) just unveiled an update.
NewLake Capital Partners announced the appointment of Dina Rollman to its Board of Directors, as part of a transition plan with Peter Kadens not seeking reelection. Rollman brings extensive legal and regulatory expertise in the cannabis industry, which is expected to aid NewLake in navigating the evolving regulatory landscape. Additionally, the Board declared a fourth-quarter cash dividend of $0.43 per share, emphasizing its commitment to shareholder returns.
More about NewLake Capital Partners
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, third-party purchases, and funding for build-to-suit projects. The company owns a portfolio of 32 cultivation facilities and dispensaries leased to single tenants on a triple-net basis.
YTD Price Performance: 29.51%
Average Trading Volume: 49,944
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $398.8M
See more data about NLCP stock on TipRanks’ Stock Analysis page.
