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NewLake Capital Partners closes merger to form one of 'largest real estate companies in cannabis'

NewLake Capital Partners closes merger to form one of 'largest real estate companies in cannabis'

NewLake Capital Partners President and Chief Investment Officer Anthony Coniglio joined Proactive to speak about the group's recent merger with GreenAcreage Real Estate Corp. Coniglio says the merger creates a diversified portfolio of 24 proprieties across 9 states, representing nearly 900,000 rentable sq ft of property, positioning it as one of two 'credible real estate providers' exclusively focused on the cannabis industry. He adds with $75M of cash, the group has enough capital to execute new transactions.