Canada: SNDL has officially acquired Indiva Group for $22.7M

SNDL has announced that it has successfully closed its acquisition of the Indiva Group's business and assets pursuant to an approval and reverse vesting order granted by the Ontario Superior Court of Justice. The estimated value of the consideration is $22.7 million.

"This acquisition reinforces SNDL's standing as a premier producer of cannabis products in Canada," said Zach George, Chief Executive Officer of SNDL. "By integrating Indiva's high-quality brands and production expertise into SNDL, we're broadening our product portfolio and solidifying our leadership in the infused edibles category."

The Transaction includes Indiva's 40,000-square-foot production facility in London, Ontario, and a diverse brand portfolio featuring market leaders like Pearls by Grön, No Future, and Bhang Chocolate. With a portfolio spanning seven brands and fifty-three SKUs, Indiva is a recognized leader in cannabis edibles production and the Transaction is set to reinforce SNDL's role in meeting evolving consumer demands across Canada.