SNDL to acquire the remaining 34.8% stake in Nova Cannabis for $40m.

SNDL, a cannabis products distributor, agreed to acquire the remaining 34.8% stake in Nova Cannabis, a cannabis retailer, for $40m. "Today's announcement by our Alberta-based corporations underscores our commitment to sustainable performance in Canadian cannabis. We are committed to building a consumer-centric model at scale, supported by SNDL's robust shared service model, access to capital, and a well-developed cannabis retail pipeline. These factors are integral to the achievement of sustained profitable growth," Zach George, SNDL CEO.