Lucid Capital initiated coverage of NewLake Capital Partners (NLCP) with a Neutral rating and $14 price target The company provides real estate capital to state-licensed cannabis operators and currently owns a portfolio of 33 properties, the analyst tells investors in a research note. The firm says many cannabis operators are struggling with profitability due to structural issues and oversupply and face sizable debt maturities in 2026. It cites cannabis concerns and the stock’s valuation for the Neutral rating.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NLCP: