SNDL and Nova Cannabis Complete the Assignment of Dutch Love Stores to Nova Cannabis [Yahoo! Finance]
SNDL Inc. - Common Shares (SNDL)
Company Research
Source: Yahoo! Finance
CALGARY, AB May 9, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) (" SNDL ") and Nova Cannabis Inc. (TSX: NOVC) (" Nova ") today announced that they have completed the assignment of SNDL's rights to own or operate four Dutch Love stores (the " Dutch Love Stores ") to Nova (the " Assignment "), upon the terms announced on April 1, 2024 "This is a key step in our strategy for growth and focus on prime real estate," said Marcie Kiziak , Nova's Chief Executive Officer. "We are excited to transition these stores to the Value Buds banner, marking our entry into the B.C. market. We are confident that our Value Buds banner is exceptionally well-positioned to fill a critical gap in the marketplace. This move aligns perfectly with our objective for smart, value-driven expansion." As consideration for the Assignment, Nova issued to SNDL $8.179 million of Nova shares based on the 20-day VWAP of the Nova shares on March 28, 2024 . The addition of the Dutch Love Stores brings Nova's total store
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SNDL
News
- KSCA Cannabis Virtual Investor Conference Agenda Announced for June 5th [Yahoo! Finance]Yahoo! Finance
- SNDL to Present at the KCSA Cannabis Virtual Investor Conference June 5th [Financial Post (Toronto, Ontario, Canada)]Financial Post
- SNDL to Present at the KCSA Cannabis Virtual Investor Conference June 5th [Yahoo! Finance]Yahoo! Finance
- KSCA Cannabis Virtual Investor Conference Agenda Announced for June 5thGlobeNewswire
- SNDL to Present at the KCSA Cannabis Virtual Investor Conference June 5thGlobeNewswire
SNDL
Sec Filings
- 5/9/24 - Form 6-K
- 5/9/24 - Form 6-K
- 5/9/24 - Form 6-K
- SNDL's page on the SEC website