Cannabis REIT NewLake: 9.3% YoY Q3 Revenue Growth Despite Tenant Challenges, CEO Optimistic
NewLake Capital Partners, Inc. (OCTQX: NLCP) announced on Wednesday its financial results for the third quarter ended Sept. 30, 2024.NewLake Capital Partners, Inc. (OCTQX: NLCP) announced on Wednesday its financial results for the third quarter ended Sept. 30, 2024.
The New Canaan, 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 and CEO, called quarterly financial results solid. He is optimistic regarding cannabis prospects under the new Donald Trump administration.
