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Nova Net Lease REIT
200 Bay Street, North Tower Suite 1200
Toronto, ON  M5J 2J2  Canada Ticker: NNL.UNNL.U
Business Summary
Nova Net Lease REIT (the REIT) is a Canada-based real estate investment trust focused on increasing unitholder value through the acquisition and ownership of cannabis related properties in the United States. The REIT seeks to enter long-term capital relationships with cannabis operations owning top-tier real estate assets, by entering into sale leaseback and build-to-suit arrangements. The REIT intends to primarily acquire properties through sale-leaseback transactions with experienced operators in the cannabis industry and expects to lease its properties on a triple-net lease basis with annual rental rate increases. Additionally, the REIT seeks to acquire properties occupied by tenants operating in the regulated medical and recreational cannabis industry focused on cultivation, processing and/or grow operations. The REIT also has an interest in specialized retail facilities in the form of dispensaries for portfolio growth and diversification.

Scores and Ratings
FRISK®
Score		 Z''
Score		 PAYCE®
Score		 DBT
Index		 Moody's
Rating		 Fitch
Rating		 DBRS
Rating
-Yes-Yes---

Financials, News and Filings
Latest
Statement		 Last
Audit
News		 SEC
Filings		 Bankruptcy
Filings		 Suit &
Judgment
Filings		 Tax
Lien
Filings
12/31/202312/31/2023Yes----

Industries
SIC Code Description
6798 Real estate investment trusts
6519 Lessors of real property, not elsewhere classified

Officers and Directors

Title
Name
Age		 Title
Date		 Start
Date
Independent Non-Executive Chairman of the Board of Trustee SteveDawson 7/27/2021 7/27/2021
Chief Executive Officer TysonMacdonald 12/31/2022 5/16/2022
Independent Non-Executive Vice Chairman of the Board of Trustee KatieBarthmaier 11/22/2021 11/22/2021
5 additional Officers and Directors records available in full report.

General Information
Outstanding Shares: 7,251,493 (As of 12/31/2023)
Stock Exchange: CNQ


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Wednesday, April 17, 2024