Nova Net Lease REIT announced the appointment of Tyson Macdonald as its new Chief Executive Officer, effective immediately. Mr. Macdonald will be responsible for all operations, acquisitions, leasing, financing and capital markets activities of the REIT, replacing Richard Michaeloff who is stepping down for personal reasons. Mr. Macdonald most recently served as the Chief Financial Officer for Cloud Cannabis ("Cloud"), a Detroit-based, vertically integrated cultivator, manufacturer and retailer, with rapidly growing licensed cannabis operations throughout the state of Michigan.

In just the past two years, Mr. Macdonald has helped oversee the opening of nine retail stores and prepared an additional five for opening later in 2022.