NewLake Capital Partners Expands Revolving Credit Facility to $90 Million
Summary
The Credit Facility allows for further expansion as additional lenders are added, or the commitments of existing lenders are increased.We are pleased to increase our Credit Facility and appreciate the trust of our newest Bank partners, said Anthony Coniglio, NewLakes Chief Executive Officer. NewLake owns a portfolio of 31 cultivation facilities and dispensaries that are leased to single tenants on a triple-net basis, and has provided two loans aggregating $35 million. Forward-looking statements can be identified by words like may, will, likely, should, expect, anticipate, future, plan, believe, intend, goal, project, continue and similar expressions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements For a discussion of the risks and uncertainties which could cause actual results to differ from those contained in the forward-looking statements, see Risk Factors in our most recent Annual Report on Form 10-K and any subsequent Quarterly Reports on Form 10-Q.