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Indiva Seeks Revival Through Creditor Protection

Indiva Seeks Revival Through Creditor Protection

Indiva (TSE:NDVA) has released an update.

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Indiva Limited has entered creditor protection to restructure its financials, obtaining court approval for a stay of proceedings and debtor-in-possession financing. The company faces financial challenges due to the fragmented cannabis market and is now exploring potential sales of its assets, including a court-supervised process with a potential initial bid from significant creditor SNDL Inc. Operations will continue during the restructuring, with the aim of emerging with a stronger balance sheet.

For further insights into TSE:NDVA stock, check out TipRanks’ Stock Analysis page.

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