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‘Much more stable’ marijuana landscape in 2024, CEO of NewLake REIT says

This year is “a much more stable landscape” for the marijuana sector than in 2023, the CEO of cannabis industry real estate investment trust (REIT) NewLake Capital Partners said as the company reported its fourth-quarter earnings.
‘Much more stab…

All U.S. Ancillary Anthony Coniglio Briefs Calypso Enterprises cannabis real estate connecticut finance Gordon DuGan Jarrett Annenberg Lisa Meyer marijuana real estate quarterly results real estate real estate investment trust REIT Revolutionary Clinics stocks

‘Much more stable’ marijuana landscape in 2024, CEO of NewLake REIT says

This year is “a much more stable landscape” for the marijuana sector than in 2023, the CEO of cannabis industry real estate investment trust (REIT) NewLake Capital Partners said as the company reported its fourth-quarter earnings.
‘Much more stab…

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AFC Gamma is looking to finance ‘unburdened’ cannabis borrowers

Publicly traded cannabis industry lender AFC Gamma reported nearly $16 million in net interest income for its fourth quarter ended Dec. 31, down 18.9% from the same quarter a year before.
AFC Gamma is looking to finance ‘unburdened’ cannabi…

afc gamma Ancillary Brandon Hetzel Briefs Daniel Neville finance Florida lending loans marijuana banking quarterly results real estate REIT stocks

AFC Gamma is looking to finance ‘unburdened’ cannabis borrowers

Publicly traded cannabis industry lender AFC Gamma reported nearly $16 million in net interest income for its fourth quarter ended Dec. 31, down 18.9% from the same quarter a year before.
AFC Gamma is looking to finance ‘unburdened’ cannabi…

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Marijuana real estate merger creates firm worth $435 million in assets, cash

Chicago-based NewLake Capital Partners and GreenAcreage Real Estate, a real estate investment trust (REIT) in New York have announced the closing of a merger that creates a massive cannabis real estate company.
Marijuana real estate merger creates firm…

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Power REIT acquires Canndescent cannabis greenhouse for $7.7 million

New York-based Power REIT on Thursday announced the acquisition of a 37,000-square-foot Southern California greenhouse used for cultivation of commercial cannabis in a cash and stock deal worth $7.7 million. The Riverside County property, which is alre…