Canadian cannabis-focused real estate investment trust Nova Net Lease (CSE:NNL) (OTCQB:NNLRF) reported its financial results for the three months ended June 30, 2024. In the filing, the Toronto-headquartered business disclosed total revenues of $392,665, a slight increase from $388,656 in the same period in 2023.
Financial Summary
Net income reached $1.81 million, which compares to a net loss of $707.592 in the same period of 2023.
Rental revenues for the period amounted to $494,004.
General and administrative expenses decreased to $387,439, compared to $468,464 in the same quarter of last year.
Fair value gain was $1.68 million on Class B Units, compared to ...
