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SNDL completes acquisition of Indiva Limited to strengthen its position as a premier producer of cannabis products in Canada

SNDL completes acquisition of Indiva Limited to strengthen its position as a premier producer of cannabis products in Canada

11/04/24, 10:44 PM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgcalgary
https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgcanada
Industry
food and beverage
SNDL Inc. announced the successful closure of its acquisition of Indiva Limited's business and assets. This strategic acquisition reinforces SNDL's standing as a premier producer of cannabis products in Canada, broadening its product portfolio and solidifying its leadership in the infused edibles category. The transaction includes Indiva's 40,000-square-foot production facility in London, Ontario, and a diverse brand portfolio, setting SNDL to meet evolving consumer demands across Canada.

Company Info

Company
SNDL
Location
Calgary, Alberta, Canada
Company info
SNDL is a public company whose shares are traded on Nasdaq under the symbol "SNDL." SNDL is the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. SNDL is a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada specializing in low-cost biomass sourcing, premium indoor cultivation, product innovation, low-cost manufacturing facilities, and a cannabis brand portfolio that includes Top Leaf, Contraband, Citizen Stash, Sundial Cannabis, Palmetto, Bon Jak, Spiritleaf Selects, Versus Cannabis, Value Buds, Vacay and Grasslands. Please reach out to our investor relations department at investors@sndl.com with any investor-related questions.

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Trends

RaisedGrowth

The data in the raised column shows reported funding for this location/industry over last 90 days.

The data in the growth column indicates the % increase or decrease of the last 90 days vs. the previous 90 days.

Please note: one or more large fundings, especially for a location/industry that doesn't historically receive much funding, can have a significant impact on the increase or decrease percentage.

https://purecatamphetamine.github.io/country-flag-icons/3x2/CA.svgcalgary
$46.8 M-35.4%
food and beverage
$514.3 M-63.2%