Indiva (TSE:NDVA.H) has released an update.
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Indiva Limited, Canada’s leading cannabis edibles producer, has initiated a court-approved sale process overseen by PricewaterhouseCoopers Inc., following creditor protection under the CCAA. A ‘stalking horse’ bid from SNDL Inc. sets the minimum for potential buyers, with an auction to follow if superior offers emerge. Interested bidders have until August 26, 2024, to submit their offers for Indiva’s business and assets.
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