SNDL Says Its Stalking Horse Bid Chosen As Successful Bid In Acquisition Of Indiva Business And Assets
Portfolio Pulse from Benzinga Newsdesk
SNDL's stalking horse bid for Indiva's business and assets has been successful. The acquisition includes a facility in London, Ontario, and a portfolio of brands, enhancing SNDL's product offerings in the Canadian cannabis market. The transaction is expected to close in the fourth quarter.
August 29, 2024 | 11:22 am
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SNDL's successful acquisition of Indiva's assets, including a facility and brand portfolio, is set to enhance its product offerings and market position in Canada. The transaction is expected to close in Q4.
The acquisition of Indiva's assets, including a state-of-the-art facility and a portfolio of brands, is likely to enhance SNDL's product offerings and strengthen its market position in the Canadian cannabis industry. This positive development is expected to have a favorable impact on SNDL's stock price in the short term.
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