This news release constitutes a “designated news release” for the purposes of the prospectus supplement of Nova Cannabis Inc. dated July 22, 2022, to its short form base shelf prospectus dated June 27, 2022.
CALGARY, AB, April 1, 2024 /CNW/ – SNDL Inc. (Nasdaq: SNDL) (“SNDL“) and Nova Cannabis Inc. (TSX: NOVC) (“Nova“) announced today that SNDL has agreed to assign its rights to own or operate four Dutch Love stores (the “Dutch Love Stores“) to Nova (the “Assignment“).
“SNDL remains committed to strengthening Nova’s retail position and the sustainability of its capital structure, as underscored by the extension of the credit facility,” said Zach George, CEO of SNDL. “The assignment of four well-located cannabis retail stores to be owned or operated by Nova creates an opportunity for Nova to open its first Value Buds branded locations in British Columbia and highlights the benefit…
