PRESS RELEASE
14 August 2024

SNDL To Acquire Remaining Minority Interest Of Nova Cannabis

BJ
Bennett Jones LLP

Contributor

Bennett Jones is one of Canada's premier business law firms and home to 500 lawyers and business advisors. With deep experience in complex transactions and litigation matters, the firm is well equipped to advise businesses and investors with Canadian ventures, and connect Canadian businesses and investors with opportunities around the world.
SNDL Inc. and Nova Cannabis Inc. have announced that they have entered into an arrangement agreement pursuant to which SNDL will acquire all of the issued...
Canada
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SNDL Inc. and Nova Cannabis Inc. have announced that they have entered into an arrangement agreement pursuant to which SNDL will acquire all of the issued and outstanding common shares in the capital of Nova not already owned by SNDL, representing approximately 34.8 percent of Nova shares, by way of a statutory plan of arrangement for aggregate consideration of approximately C$40 million.

Bennett Jones is acting as legal counsel to Nova.

The Bennett Jones team on the transaction is led by Jon Truswell (M&A) and includes Greg Johnson and Brendan Sigalet (Tax); Niki Gill and Flutra Kacuri (Corporate); and David Hodge (student).

Read the transaction press release.

PRESS RELEASE
14 August 2024

SNDL To Acquire Remaining Minority Interest Of Nova Cannabis

Canada

Contributor

Bennett Jones is one of Canada's premier business law firms and home to 500 lawyers and business advisors. With deep experience in complex transactions and litigation matters, the firm is well equipped to advise businesses and investors with Canadian ventures, and connect Canadian businesses and investors with opportunities around the world.

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