SNDL (SNDL) has released an update.
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SNDL Inc. has made a strategic move to acquire Indiva Limited, offering a mix of debt credit and cash to buy out the company for an estimated CAD$25-28 million, setting the base bid in an ongoing sales process expected to wrap up by September 30, 2024. The acquisition is poised to bolster SNDL’s presence in the Canadian cannabis market, particularly enhancing its edibles portfolio with Indiva’s popular brands. Legal advisors for the transaction include McCarthy Tétrault LLP for SNDL, Bennett Jones LLP for Indiva, and Osler Hoskin & Harcourt LLP for the Monitor.
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