Nova Cannabis (TSE:NOVC) has released an update.
SNDL Inc. has successfully completed the acquisition of all remaining shares of Nova Cannabis Inc., a move that will streamline its retail operations and save costs. Nova shareholders were given the option of cash or SNDL shares, with a significant premium offered on the share price. The acquisition positions SNDL for growth in the Canadian cannabis market as Nova’s shares are set to be delisted.
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