Acquiring Company
Sundial Growers Inc.
Acquired Company
Nova Cannabis
CalgaryCalgaryOtherAgriculture and FarmingCannabisDescription
The shareholders of Nova Cannabis Inc. have approved SNDL Inc.'s acquisition plan which involves SNDL acquiring all the Nova Shares in exchange for $1.75 in cash or 0.58 of an SNDL share. The arrangement is expected to close on or around Oct. 18, 2024.
Quick answer
Sundial Growers Inc. is acquiring Nova Cannabis for $29.6 million, announced October 17, 2024. Sundial Growers Inc. is based in Calgary, Alberta, Canada.
- How much did Sundial Growers Inc. pay for Nova Cannabis?
- The reported deal value is $29.6 million.
- What does Sundial Growers Inc. do?
- 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,..
- Where are Sundial Growers Inc. and Nova Cannabis based?
- Sundial Growers Inc. is based in Calgary, Alberta, Canada. Nova Cannabis is based in Calgary, Alberta, Canada.
Source: Fundz verified event record.
Other recent acquisitions in Agriculture and Farming and Cannabis
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- Agrify Corporation to acquire Señorita Brand of THC Beverages to lead in the fast-growing market (November 12, 2024)
- Danone SA's bid to acquire Lifeway Foods (NASDAQ: LWAY) supported by Edward and Ludmila Smolyansky (November 7, 2024)
- Decibel Cannabis Company Inc. completes acquisition of AgMedica Bioscience Ltd. to expand export potential (October 28, 2024)
- The Marygold Companies acquires 7.95% ownership stake in Midland Capital Holdings Corporation (October 24, 2024)
- Justera Health Completes Acquisition of Port North to Expand Cannabis Product Line (October 17, 2024)
- RIV Capital to acquire Cansortium Inc. for strengthening multistate cannabis platform (October 10, 2024)
Who to call at Sundial Growers Inc., and when
When Sundial Growers Inc. changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
- An alert the day Sundial Growers Inc. raises, hires an executive or expands, scored against what you sell
- The decision-makers there, with verified emails
- Who you already know at Sundial Growers Inc., from your own LinkedIn network
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Frequently asked
Who acquired Nova Cannabis?
Nova Cannabis was acquired by Sundial Growers Inc., based in Calgary. The deal was reported on October 17, 2024. Sundial Growers Inc. is publicly traded (SNDL) and operates in Other.
When did Sundial Growers Inc. acquire Nova Cannabis?
Sundial Growers Inc.'s acquisition of Nova Cannabis was reported on October 17, 2024. The shareholders of Nova Cannabis Inc. have approved SNDL Inc.'s acquisition plan which involves SNDL acquiring all the Nova Shares in exchange for $1.75 in cash or 0.58 of an SNDL share. The arrangement is expected to close on or around Oct. 18, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Nova Cannabis do?
Nova Cannabis Inc. is a Canadian cannabis company which is subject to a proposed acquisition by SNDL Inc. It was committed to building a lasting retail legacy in a nascent industry and has shown dedication and leadership in the cannabis business. It is privately held, operating in Agriculture and Farming, and is based in Calgary.
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