/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/ TORONTO, April 8, 2024 /CNW/ - Nova Net Lease REIT ("NOVA" or the "REIT") (CSE:NNL) (OTCQB:NNLRF), a real estate investment trust focused on delivering attractive financing solutions to quality U.S. Cannabis Operators, and strong risk-adjusted returns to Investors in a tax-efficient structure, today announced its financial results for the year ended December 31, 2023. The Company's financial results are available on SEDAR+ (www.sedarplus.ca). Results are presented in U.S. dollars. "We are pleased to present 2023 full-year results as our initial property, located in Kalamazoo, Michigan, continues to display the consistency of revenues for cannabis real estate assets notwithstanding the volatility in the broader economy," said Tyson Macdonald, President and CEO. "And as we previously reported, we ended our year by closing on the joint venture transaction with Deep Roots, which we expect to further improve our cash flow and AFFO per unit in 2024," he added. Revenue for the year ended December 31, 2023, was $1,555,958. General and administrative expenses for the period were $1,812,092 and finance ...