Sundial Growers and Nova Cannabis announced that due to ongoing review by regulators with respect to required approvals, the outside date for the closing of the previously-announced strategic partnership as contemplated by the implementation agreement entered into between SNDL and Nova dated December 20, 2022, as amended on April 3 and June 16 has been extended. SNDL and Nova anticipate that the transaction will close on or before July 25 subject to receipt of regulatory approvals and the amendment to certain terms of the transaction that are mutually satisfactory to SNDL and Nova.
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