Sndl Inc. (SNDL) has released an update.
SNDL Inc. has successfully transferred ownership of four Dutch Love cannabis stores to Nova Cannabis Inc., expanding Nova’s retail presence to 99 stores and SNDL’s total to 188 across various banners. The transition supports Nova’s growth strategy and entry into the B.C. market under the Value Buds banner, aimed at offering competitive pricing in the cannabis retail space. In exchange, SNDL received $8.179 million in Nova shares, reinforcing a strategic partnership between the two prominent cannabis retailers.
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