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Announced

SNDL to acquire Indiva.

Synopsis

SNDL, a Canadian private-sector liquor and cannabis retailer, agreed to acquire Indiva, a producer of cannabis edibles. Financial terms were not disclosed. "We are thrilled by the opportunity to partner with our colleagues at Indiva to deliver high quality products and brands to consumers. This transaction will materially improve our market share in the edibles category and is expected to unlock value through improved capacity utilization, a reduction in aggregate corporate expenses, and the potential sale of redundant real estate holdings," Zach George, SNDL CEO.

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