Tag: Cannabis REIT

Cannabis REIT Nova Net to liquidate, sell assets for $3.7M

Nova Net Lease REIT (CSE: NNL.U) (OTCQB: NNLRF) plans to sell its cannabis real estate portfolio and wind down operations after struggling with low cash reserves and deteriorating market conditions in the cannabis REIT sector. The Toronto-based company will sell its operating partnership’s Class A units to Bluebird Real Estate Holdings for $3.71 million, according […]

Cannabis REITs navigate tenant stress, even as rate cut lifts real estate stocks

Cannabis real estate lenders are taking markedly different approaches to troubled credit and market headwinds lately, with some aggressively restructuring loans while others maintain a wait-and-see approach, according to earnings calls over the past week. While broader real estate stocks rallied on the Federal Reserve’s latest rate cut, with the Real Estate Select Sector SPDR […]