Indiva Adjusts SNDL Loan Terms, Explores Strategic Options

Indiva (TSE:NDVA) has released an update.

Indiva Limited, Canada’s leading cannabis edibles producer, has amended its loan terms with SNDL Inc., enabling a $2 million repayment and removal of a cash balance covenant, while also extending the loan’s maturity to 2026. In a strategic move to enhance shareholder value, Indiva has engaged SSC Advisors to explore various options, including mergers and reorganizations. However, there’s no certainty or fixed timeline that the strategic review will lead to any definitive transactions.

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