Nova Cannabis (TSE:NOVC) has released an update.
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SNDL Inc. is set to acquire the remaining minority stake of Nova Cannabis Inc. for approximately $40 million, solidifying its presence in the Canadian cannabis market. The deal, expected to close by October 18, 2024, offers Nova shareholders a significant premium and the option of cash or share consideration. This strategic move will enhance SNDL’s retail operations and is anticipated to deliver cost savings and improved access to capital.
For further insights into TSE:NOVC stock, check out TipRanks’ Stock Analysis page.
