NewLake Capital Partners closes IPO raising $102M, begins trading on OTCQX under 'NLCP'

NewLake Capital Partners, Inc.

Closed IPO of 3,905,950 shares at $26.00/share for gross proceeds of approximately $102 million.
Shares begin trading on OTCQX Best Market under symbol 'NLCP' on August 20, 2021.
Proceeds to be used to acquire cannabis cultivation, processing facilities, and dispensaries.
Portfolio: 27 properties across 10 states, 100% leased; key tenants include Curaleaf, Cresco Labs, Trulieve.
Management led by Gordon DuGan (former CEO of Gramercy Property Trust) and David Weinstein.

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