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NEWS
SNDL Announces Successful Bid to Purchase Indiva
CALGARY, AB, Aug. 29, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or the "Company") announced today that, in the context of proceedings pursuant to Indiva Limited's ("Indiva") filing under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") and the sales and investment solicitation process, the stalking horse bid of SNDL has been chosen as the successful bid in the acquisition of the Indiva business and assets (the "Transaction"), subject to approval by the Ontario Superior Court of Justice (Commercial List)(the "Court") overseeing the CCAA proceedings.
SNDL's acquisition includes Indiva's state-of-the-art facility in London, Ontario and a portfolio of leading owned and licensed brands including Pearls by Grön, No Future, Wana, and Bhang Chocolate. The Transaction is expected to enhance SNDL's product offerings and further solidify SNDL's position in the Canadian cannabis market.
SNDL's acquisition includes Indiva's state-of-the-art facility in London, Ontario and a portfolio of leading owned and licensed brands including Pearls by Grön, No Future, Wana, and Bhang Chocolate. The Transaction is expected to enhance SNDL's product offerings and further solidify SNDL's position in the Canadian cannabis market.
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