Sndl Inc. (SNDL) has released an update.
In a strategic collaboration, SNDL Inc. has assigned four Dutch Love cannabis retail stores to Nova Cannabis, expanding Nova’s store count to 100 and SNDL’s to 190, reinforcing their partnership and market presence. Additionally, SNDL has extended its $15 million credit facility to Nova until March 2026, showcasing a commitment to Nova’s growth and financial stability. The transaction, which includes Nova issuing shares to SNDL, is expected to close by the end of April 2024, pending regulatory approvals.
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