On November 4, 2024, SNDL Inc. successfully closed its acquisition of Indiva Limited's business and assets. The transaction, valued at an estimated $22.7 million, was completed through a credit bid of Indiva's debt to SNDL, retention of certain liabilities, and cash payments for priority indebtedness and CCAA proceedings costs.
This acquisition includes Indiva's 40,000-square-foot production facility in London, Ontario, and a diverse brand portfolio featuring market leaders such as Pearls by Grön, No Future, and Bhang Chocolate. Indiva's portfolio comprises seven brands and fifty-three SKUs, reinforcing SNDL's position in the cannabis edibles market.
The integration of Indiva's production expertise and high-quality brands is expected to broaden SNDL's product offerings and solidify its leadership in the infused edibles category. This strategic move is anticipated to deliver incremental synergies and contribute to margin accretion due to the favorable margin profile of edibles.
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