Episode Details

Shadd Dales and Anthony Varrell continue their Q1 2025 cannabis earnings coverage and what it’s revealing about the cannabis industry. Joining us is NewLake Capital Partners CEO Anthony Coniglio, who breaks down the company’s latest performance and what it signals about cannabis real estate and lending in today’s volatile environment.NewLake (OTCQX: NLCP) posted $13.2 million in revenue, $10.7 million in AFFO, and maintained an impressive 98% rent collection rate, all while keeping debt to gross assets at just 1.6%. With nearly $20 million in cash and over $100 million in liquidity, the company continues to be a steady performer amid broader industry challenges.Plus, cannabis investor and advisor Seth Yakatan joins us to analyze Q1 results from across the sector. Trulieve (OTCQX: TCNNF) grew revenue and retail traffic but posted a $33 million net loss, while Green Thumb (OTCQX: GTBIF) remained profitable, though SG&A expenses jumped. Meanwhile, Chicago Atlantic (NASDAQ: REFI) reported a 16.9% yield, maintaining its strength in cannabis finance.We break down what these earnings mean for cannabis investors, market trends, and where capital may flow in the second half of 2025.0:00:00 - Intro0:01:09 - Upcoming EarningsAnthony Coniglio Interview0:02:08 - New Lake Capital Earnings0:05:33 - Industry Outlook for 20250:09:54 - Hemp Industry Growth Discussion0:11:46 - Debt and Flexibility for Asset Acquisition0:13:02 - Interesting Markets for Potential Investment0:15:21 - Rent Collection and Portfolio Stability0:17:37 - ICBC Conference: European Market Insights0:22:51 - European Cannabis Market Maturity0:24:23 - Expansion Opportunities in EUSeth Yakatan Interview0:27:38 - MSO Earnings0:28:50 - Latest Earnings:GTI & Trulieve0:30:29 - Customer retention and loyalty programs in Florida0:35:15 - IIPR earnings 0:38:00 - US Cannabis Industry Trends0:40:58 - Verano earnings Analysis0:42:30 - Upcoming Glass House Earnings

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