SNDL Inc. Acquires Indiva Limited
November 4, 2024
SNDL Inc. completed the acquisition of Indiva Limited's business and assets through a court-approved transaction under the Companies' Creditors Arrangement Act (CCAA). The deal, valued at an estimated $22.7 million in consideration (primarily a credit bid of Indiva's indebtedness plus cash to repay priority claims), adds Indiva's London, Ontario production facility and a portfolio of edibles brands and SKUs to SNDL's operations to expand its infused edibles capabilities.
- Buyers
- SNDL Inc.
- Targets
- Indiva Limited (Indiva Group)
- Sellers
- Indiva Limited (the Indiva Group)
- Industry
- Consumer Products
- Location
- Ontario, Canada
- Transaction Type
- Buyout
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