Overstory Populus has been shown to facilitate establishment by cyano- and cephalolichens on conifer branches within its dripzone; though the mechanisms behind this “dripzone effect” have yet to be elucidated. Here we test the following hypotheses that throughfall from Populus: (i) elevates bark pH; (ii) increases relative growth rate in cephalolichens; and (iii) stimulates their growth through phosphorus (P) fertilization. In southern British Columbia we transplanted the cephalolichen Lobaria pulmonaria (L.) Hoffm. (promoted by dripzones) and the acidophytic chlorolichen Hypogymnia occidentalis L.H. Pike for 14 months to 26 pairs of similar-sized Picea glauca × engelmannii situated within and outside of Populus dripzones. Half of our transplants were fertilized with P. Bark pH was significantly higher on spruce branches within than outside dripzones. Relative growth rate in L. pulmonaria increased with bark pH and was slightly higher within dripzones than outside, consistent with a facilitating effect of Populus on the Lobarion community. By contrast, the addition of P decreased relative thallus area growth in L. pulmonaria and increased relative thallus area growth in H. occidentalis; though a stronger influence on growth could be attributed to variation in canopy cover and tree height. We conclude that cephalolichens in our study area are unlikely to be facilitated by P leached from Populus.