Having already handed off the chief executive role, Weinstein now relinquishes his last position at the company.

July 16, 2026

NewLake Capital Partners will lose a founding member of its board when David Weinstein steps down on July 31. Weinstein has served as a director since the cannabis-focused real estate investment trust was established in 2019, and he led the company as chief executive officer during the period in which it moved into the public markets. His board service spanned roughly seven years, from the 2019 founding to the announced effective date.

Weinstein no longer held an executive role — Anthony Coniglio is the current president and chief executive officer — so his resignation removes his remaining formal tie to a company he helped launch. Coniglio credited him with a central leadership role during NewLake’s early development and its move to public trading, and thanked him for his years of service. Weinstein said he was proud of what the company had accomplished and expected its progress to continue.

NewLake, based in New Canaan, Connecticut, did not disclose a reason for the departure, name a successor, or indicate how the vacancy would affect the board’s size or composition. The company announced the change on July 15, with the resignation to take effect about two weeks later.

Company background

NewLake describes itself as a leading provider of real estate capital to state-licensed cannabis operators. It is internally managed, meaning it is run by its own employees rather than an outside adviser. The company owns 34 properties — 15 cultivation facilities and 19 dispensaries — leased primarily to single tenants under triple-net agreements.

NewLake deploys capital through sale-leaseback transactions and third-party purchases, and it funds build-to-suit projects. Its shares trade on the OTCQX marketplace, which serves companies that trade over the counter rather than on a national exchange, under the ticker NLCP. No accompanying strategic changes were disclosed, leaving the company’s investment focus and tenant base unchanged for now.