NewLake Capital Partners Announces Board Transition

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NewLake Capital Partners (OTCQX: NLCP) announced that David Weinstein will resign from its Board of Directors, effective July 31, 2026. Weinstein has served on the Board since NewLake’s founding in 2019 and previously held the role of Chief Executive Officer during the company’s transition to the public markets.

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NEW CANAAN, Conn., July 15, 2026 (GLOBE NEWSWIRE) -- NewLake Capital Partners, Inc. (OTCQX: NLCP) (“NewLake” or “the Company”), a leading provider of real estate capital to state-licensed cannabis operators, today announced that David Weinstein will resign from its Board of Directors, effective July 31, 2026.

“On behalf of the Board and management team, I want to thank David for his years of dedicated service and commitment to the Company," said Anthony Coniglio, NewLake’s President and Chief Executive Officer. "As a member of the Board since NewLake's founding in 2019, David played a key leadership role as Chief Executive Officer during the Company's transition to the public markets and has contributed meaningfully to NewLake's development and growth. We are grateful for his guidance and contributions, and we wish him all the best in his future endeavors."

Mr. Weinstein added, "I am proud of what we have accomplished to date and look forward to watching NewLake's continued success."

About NewLake Capital Partners, Inc.

NewLake Capital Partners, Inc. is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions and third-party purchases and funding for build-to-suit projects. NewLake owns a portfolio of 34 properties, including 15 cultivation facilities and 19 dispensaries, primarily leased to single tenants under triple-net lease agreements. For more information, please visit www.newlake.com.

Contact Information:
Lisa Meyer
Chief Financial Officer, Treasurer and Secretary
NewLake Capital Partners, Inc.
lmeyer@newlake.com

Investor Contact:
Valter Pinto, Managing Director
KCSA Strategic Communications
NewLake@KCSA.com  
PH: (212) 896-1254

Media Contact:
Ellen Mellody
KCSA Strategic Communications
EMellody@KCSA.com
PH: (570) 209-2947

FAQ

What board change did NewLake Capital Partners (OTCQX: NLCP) announce on July 15, 2026?

NewLake Capital Partners announced that David Weinstein will resign from its Board of Directors effective July 31, 2026. According to the company, he has served on the Board since 2019 and previously helped lead NewLake’s transition to the public markets.

When is David Weinstein’s resignation from NewLake Capital Partners’ Board effective?

David Weinstein’s resignation from NewLake Capital Partners’ Board becomes effective on July 31, 2026. According to the company, he will step down after serving as a director since 2019 and previously acting as Chief Executive Officer during NewLake’s public markets transition.

What role did David Weinstein play at NewLake Capital Partners (NLCP) before his board resignation?

David Weinstein served as a Board member since NewLake’s founding in 2019 and previously as Chief Executive Officer. According to the company, he played a key leadership role during the transition to the public markets and contributed to NewLake’s development and growth.

How did NewLake Capital Partners describe David Weinstein’s contributions as he leaves the Board?

NewLake Capital Partners highlighted David Weinstein’s dedicated service, leadership as former Chief Executive Officer, and contributions to its development and growth. According to the company, he was instrumental during NewLake’s transition to the public markets and is thanked for his guidance over the years.

Did David Weinstein comment on his departure from NewLake Capital Partners’ Board?

Yes. David Weinstein said he is proud of what has been accomplished to date and looks forward to watching NewLake’s continued success. According to the company, his statement reflects support for NewLake’s future after his resignation becomes effective July 31, 2026.