SNDL Inc. (SNDL) and Nova Cannabis Extend Outside Date for Closing of the Strategic Partnership

38w
4m read
Summary

Forward-Looking Information Cautionary Statement This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities legislation (“forward-looking information”). SNDL and Nova Cannabis Extend Outside Date for Closing of the Strategic Partnership SNDL Inc. (NASDAQ: SNDL) (“SNDL”) and Nova Cannabis Inc. (TSX: NOVC) (“Nova”) announced today that while all other provincial approvals have been received, the continued review by one provincial regulator has necessitated a further extension of the outside date for the closing of the previously-announced strategic partnership (the “Transaction”). ABOUT NOVA CANNABIS INC. Nova Cannabis Inc. (TSX: NOVC) is one of Canada’s largest and fastest-growing cannabis retailers with a goal of disrupting the cannabis retail market by offering a wide range of high-quality cannabis products at every-day best value prices. Additional information about Nova Cannabis Inc. is available at www.sedar.com and Nova’s website at www.novacannabis.ca. SNDL and Nova remain committed to navigating through these processes with transparency and diligence, ensuring the best outcome for all parties involved.” In addition, SNDL and Nova have extended the maturity date of Nova’s revolving credit facility with SNDL to September 30, 2023.

Article Preview

SNDL and Nova Cannabis Extend Outside Date for Closing of the Strategic Partnership

SNDL Inc. (NASDAQ: SNDL) (“SNDL”) and Nova Cannabis Inc. (TSX: NOVC) (“Nova”) announced today that while all other provincial approvals have been received, the continued review by one provincial regulator has necessitated a further extension of the outside date for the closing of the previously-announced strategic partnership (the “Transaction”). SNDL and Nova anticipate that the Transaction will close on or before September 30, 2023, subject to receipt of regulatory approval and the amendment to certain terms of the Transaction that are mutually satisfactory...

Read the full article @ Marijuana Stocks