The Science of Better Pharmaceutical Delivery
January 18, 2023
Anthony Coniglio, CEO of New Lake Capital Partners, discusses how they became the second-largest owner of cannabis real estate in the U.S., managing 33 properties across 12 states with long-term leases to cultivation and dispensary operators. He explains the company’s growth drivers including state legalization trends, contractual rent escalators, tenant improvements, and an $83 million credit facility for new acquisitions. Anthony shares insights on their risk management strategies, tenant quality focus, and the potential impact of federal cannabis legalization or state-led reforms. He highlights near-term opportunities in emerging markets like Kentucky and Ohio, outlining New Lake’s unique position in an evolving industry infrastructure.
