Nova Cannabis (TSE:NOVC) has released an update.
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Nova Cannabis shareholders have overwhelmingly approved a plan of arrangement with SNDL Inc., which will result in SNDL acquiring all Nova shares not already owned by it or its affiliates. The deal, approved by 99.95% of the votes, offers shareholders either $1.75 in cash or 0.58 of an SNDL share per Nova share. The arrangement is expected to close around October 18, 2024, leading to the delisting of Nova from the TSX.
For further insights into TSE:NOVC stock, check out TipRanks’ Stock Analysis page.