Announced
Completed
Financials
Tags
Friendly
United States
Diversified Financials
Acquisition
Majority
Private
Single Bidder
Domestic
lending
cannabis company
Completed
Merger
Private Equity
Synopsis
NewLake Capital Partners, an internally managed investment vehicle, agreed to merge with GreenAcreage Real Estate, a provider of sale-leaseback and construction financing to all companies operating in the cannabis industry, in a $325m deal. "Both of our respective teams are excited to have completed this merger. Strategically, through this combination, the combined company has emerged as one of the largest real estate companies in the cannabis industry. Not only do we expect our merger to accelerate growth through scale, but our combined team, including myself and Anthony Coniglio, and our board of directors, including Gordon DuGan, have the experience and proven track record in the capital markets and in real estate investment to effectively execute on our strategy of growth through investment in high-quality cannabis properties strategically located throughout the United States," David Weinstein, NewLake Capital CEO.
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