NewLake Capital Partners (OTCQX: NLCP) details David Weinstein board resignation
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
NewLake Capital Partners, Inc. reported that David Weinstein will resign from its Board of Directors, effective July 31, 2026. The company states that his decision is not due to any disagreement regarding operations, policies or practices. In connection with his departure, the Board will decrease in size from seven to six directors as of the effective date.
The company highlights Mr. Weinstein’s service since NewLake’s founding in 2019 and his leadership as Chief Executive Officer during its transition to the public markets. NewLake is an internally-managed real estate investment trust providing real estate capital to state-licensed cannabis operators through sale-leaseback transactions and funding for build-to-suit projects, and owns a portfolio of 34 properties, including 15 cultivation facilities and 19 dispensaries under triple-net lease agreements.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Director resignation effective date: July 31, 2026
Board size after change: 6 directors
Total properties in portfolio: 34 properties
+2 more
5 metrics
Director resignation effective date
July 31, 2026
Effective date of David Weinstein's resignation from the Board
Board size after change
6 directors
Board size decreased from seven to six directors as of the effective date
Total properties in portfolio
34 properties
Total real estate properties owned by NewLake Capital Partners, Inc.
Cultivation facilities
15 cultivation facilities
Number of cultivation facilities within NewLake's property portfolio
Dispensaries
19 dispensaries
Number of dispensary properties within NewLake's portfolio
Key Terms
internally-managed real estate investment trust, sale-leaseback transactions, build-to-suit projects, triple-net lease agreements, +1 more
5 terms
internally-managed real estate investment trust financial
"NewLake Capital Partners, Inc. is an internally-managed real estate investment trust"
sale-leaseback transactions financial
"provides real estate capital to state-licensed cannabis operators through sale-leaseback transactions"
A sale-leaseback transaction is when an owner sells a property or asset and immediately rents it back from the buyer, like selling your house and signing a lease to keep living in it. For investors, it matters because the seller converts a fixed asset into cash while taking on a new rent expense, which can boost short-term liquidity but change long-term earnings, debt levels and risk profiles that affect valuation and creditworthiness.
build-to-suit projects financial
"third-party purchases and funding for build-to-suit projects"
triple-net lease agreements financial
"primarily leased to single tenants under triple-net lease agreements"
A triple-net lease agreement is a commercial rental contract where the tenant pays not only rent but also property taxes, insurance, and maintenance costs, leaving the landlord with minimal ongoing expenses—think of renting a house where the tenant covers the mortgage-like bills and yard work. For investors, these leases matter because they can provide steady, predictable income and lower landlord overhead, but they also transfer property risk to the tenant and create exposure to the tenant’s ability to pay.
Regulation FD Disclosure regulatory
"Item 7.01. Regulation FD Disclosure."
Regulation FD disclosure requires public companies to share important, market-moving information with everyone at the same time instead of tipping off analysts or large investors first. Think of it as making sure all players on a field hear the same announcement simultaneously; that fairness helps investors trust that stock prices reflect the same information and reduces the risk of sudden, unfair trading advantages or regulatory penalties for selective leaks.
FAQ
What board change did NewLake Capital Partners (NLCP) announce?
NewLake Capital Partners announced that David Weinstein will resign from its Board of Directors, effective July 31, 2026. Following his departure, the Board will decrease in size from seven to six directors, reflecting this planned transition in board composition.
Was David Weinstein’s resignation from NLCP’s board due to a disagreement?
The company states that Mr. Weinstein’s decision was not due to any disagreement with NewLake on matters relating to its operations, policies or practices. This language indicates an orderly governance transition rather than a dispute-driven departure.
When does David Weinstein’s resignation from NewLake Capital Partners (NLCP) take effect?
David Weinstein’s resignation from NewLake’s Board is effective on July 31, 2026. Until that effective date, he continues to serve as a director, after which the Board size will be reduced from seven to six members.
What type of business is NewLake Capital Partners (NLCP)?
NewLake Capital Partners is an internally-managed real estate investment trust that provides real estate capital to state-licensed cannabis operators, primarily through sale-leaseback transactions and funding for build-to-suit projects in the cannabis real estate sector.
How large is NewLake Capital Partners’ (NLCP) real estate portfolio?
NewLake Capital Partners owns a portfolio of 34 properties, including 15 cultivation facilities and 19 dispensaries. Most properties are leased to single tenants under triple-net lease agreements, providing rental income backed by long-term tenant obligations.
On which market does NewLake Capital Partners (NLCP) trade?
NewLake Capital Partners’ shares trade on the OTCQX market under the symbol NLCP. This over-the-counter trading venue provides quotation and trading for the company’s stock rather than a traditional national securities exchange.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 14, 2026 , David Weinstein notified NewLake Capital Partners, Inc. (the "Company") of his resignation from his position as a member of the board of directors (the "Board") of the Company, effective July 31, 2026 the ("Effective Date"). Mr. Weinstein's decision to resign was not due to any disagreement with the Company on any matter relating to the Company's operations, policies or practices.
In connection with Mr. Weinstein's departure, the Board decreased its size from seven directors to six directors, effective as of the Effective Date.
Item 7.01. Regulation FD Disclosure.
On July 15, 2026, the Company issued a press release announcing the resignation of Mr. Weinstein as a member of the Board. A copy of the press release is attached hereto as Exhibit 99.1. The information in Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended (the "Securities Act"), or the Exchange Act.
Item 9.01 - Financial Statements and Exhibits
(d) The following exhibits are being filed herewith:
Exhibit No. | Description | |||||||
99.1 | Press Release of NewLake Capital Partners, Inc., dated July 15, 2026. | |||||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |||||||
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized on this 15th day of July, 2026.
NewLake Capital Partners, Inc | |||||
By: | /s/ Lisa Meyer | ||||
Name: | Lisa Meyer | ||||
Title: | Chief Financial Officer, Treasurer and Secretary | ||||
Exhibit 99.1
NewLake Capital Partners Announces Board Transition
New Canaan, CT, July 15, 2026 — 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
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
Ellen Mellody
KCSA Strategic Communications
EMellody@KCSA.com
EMellody@KCSA.com
PH: (570) 209-2947