Nova Cannabis (TSE:NOVC) has released an update.
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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.
For further insights into TSE:NOVC stock, check out TipRanks’ Stock Analysis page.
