secwatch.observer — SEC 8-K summary
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Issuer:     NewLake Capital Partners, Inc. (NLCP)
CIK:        0001854964
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0001437749-22-019697
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01, 7.01
LLM model:  deepseek-v4-flash:cloud@v2

NewLake Q2 revenue $10.5M (+59% YoY), AFFO $8.7M, dividend raised, credit facility expanded to $90M
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- Q2 2022 revenue $10.5M, +59% YoY; net income $3.8M; AFFO $8.7M.
- Dividend raised to $0.35/share ($1.40 annualized), fifth consecutive increase.
- Credit facility expanded from $30M to $90M in July 2022, with 5.65% fixed rate for 3 years.
- Invested $28M in two cultivation facilities with a leading public MSO; $21M expansion with another.
- Appointed Anthony Coniglio as CEO and Lisa Meyer as CFO; one-time $1.6M severance costs.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1854964/000143774922019697/0001437749-22-019697-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1854964/000143774922019697/nlcp20220725_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-019697

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer