Sndl Inc. (SNDL) has released an update.
SNDL Inc. and Nova Cannabis Inc. have successfully completed the transfer of ownership of four Dutch Love cannabis stores to Nova, marking Nova’s expansion into the British Columbia market. The deal involved Nova issuing $8.179 million of its shares to SNDL, contributing to Nova’s growing retail presence with a total of 99 stores, and expanding SNDL’s retail footprint to 188 outlets across various brands. The strategic move is aimed at strengthening Nova’s position in the cannabis retail sector by capitalizing on the Value Buds brand’s market potential.
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