SNDL Emerges as Canada's Leading Producer of Edibles With Indiva Acquisition
SNDL Emerges as Canada's Leading Producer of Edibles With Indiva Acquisition
CALGARY, AB, Nov. 4, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or the "Company") announced today that, in the context of Indiva Limited's ("Indiva" and together with its subsidiaries and affiliates, the "Indiva Group") proceedings under the Companies' Creditors Arrangement Act (Canada) (the "CCAA Proceedings"), it has successfully closed its acquisition of the Indiva Group's business and assets (the "Transaction"), pursuant to an approval and reverse vesting order granted by the Ontario Superior Court of Justice (Commercial List) (the "Court"). The consideration paid by SNDL as part of the Transaction was comprised of a credit bid of all of the indebtedness of the Indiva Group owing to SNDL, the retention of certain liabilities of the Indiva Group, and cash payments sufficient to repay certain priority indebtedness of the Indiva Group and costs associated with the CCAA Proceedings. The estimated value of the consideration is $22.7 million.
CALGARY,阿爾伯塔,2024年11月4日/美通社/ - sndl inc.(納斯達克:sndl)(「sndl」或「公司」)今天宣佈,在Indiva Limited(「Indiva」及其附屬公司和關聯公司,以下簡稱爲「Indiva Group」)根據加拿大《公司債務人安排法案》(「CCAA訴訟」)進行的程序下,成功完成了對Indiva Group業務和資產的收購(「交易」),根據安大略省高等法院(商業清單)(「法院」)批准的逆向歸還令。 sndl作爲交易的一部分支付的代價包括向Indiva Group欠sndl的所有債務進行信用競標,保留Indiva Group的某些負債,以及支付足以償還Indiva Group的某些優先債務和與CCAA訴訟相關費用的現金支付。代價的估值爲2270萬美元。
"This acquisition reinforces SNDL's standing as a premier producer of cannabis products in Canada," said Zach George, Chief Executive Officer of SNDL. "By integrating Indiva's high-quality brands and production expertise into SNDL, we're broadening our product portfolio and solidifying our leadership in the infused edibles category."
「這項收購進一步鞏固了sndl作爲加拿大大麻產品的領先生產商的地位,」sndl的首席執行官Zach George表示。「通過將Indiva的高質量品牌和生產專業知識整合到sndl,我們正在擴展我們的產品組合,並鞏固我們在注入式食品類別中的領導地位。」
The Transaction includes Indiva's 40,000-square-foot production facility in London, Ontario, and a diverse brand portfolio featuring market leaders like Pearls by Grön, No Future, and Bhang Chocolate. With a portfolio spanning seven brands and fifty-three SKUs, Indiva is a recognized leader in cannabis edibles production and the Transaction is set to reinforce SNDL's role in meeting evolving consumer demands across Canada.
該交易包括Indiva在安大略省倫敦市的4萬平方英尺生產設施,以及多樣化的品牌組合,包括Grön的Pearls,No Future和Bhang Chocolate等市場領先品牌。 Indiva擁有涵蓋七個品牌和五十三個SKU的產品組合,是大麻食用品生產領域的知名領軍者,該交易旨在鞏固sndl在滿足加拿大不斷變化的消費者需求方面的角色。
Advisors
顧問
McCarthy Tétrault LLP acted as legal counsel to SNDL. Bennett Jones LLP acted as legal counsel to the Indiva Group. PricewaterhouseCoopers Inc. acted as the Court-appointed Monitor of the Indiva Group with respect to the CCAA Proceedings and was represented by Osler, Hoskin & Harcourt LLP.
McCarthy Tétrault LLP擔任sndl的法律顧問。Bennett Jones LLP擔任Indiva Group的法律顧問。PricewaterhouseCoopers Inc.擔任Indiva Group在CCAA訴訟中的法院指定監管人,並由Osler, Hoskin & Harcourt LLP代表。
About SNDL Inc.
關於sndl inc。
SNDL is a public company whose shares are traded on the Nasdaq under the symbol "SNDL". SNDL is the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. SNDL is a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada specializing in low-cost biomass sourcing, premium indoor cultivation, product innovation, low-cost manufacturing facilities, and a cannabis brand portfolio that includes Top Leaf, Contraband, Palmetto, Bon Jak, Versus, Value Buds, and Vacay. SNDL's investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the North American cannabis industry. For more information on SNDL, please go to .
SNDL是一家上市公司,其股票在納斯達克交易,標的爲"SNDL"。 SNDL是加拿大最大的私營酒類和大麻零售商,零售旗下包括Ace Liquor,Wine and Beyond,Liquor Depot,Value Buds,Spiritleaf和Firesale Cannabis。 SNDL是一家持牌大麻生產商,是加拿大最大的垂直一體化大麻公司之一,專門從事低成本生物質採購,優質室內栽培,產品創新,低成本生產設施,以及擁有Top Leaf,Contraband,Palmetto,Bon Jak,Versus,Value Buds和Vacay等大麻品牌組合。 SNDL的投資組合旨在通過直接和間接投資以及在整個北美大麻行業中的合作伙伴關係部署戰略資本。有關SNDL的更多信息,請訪問。
Forward-Looking Information Cautionary Statement
本新聞發佈中的對該公司及其投資的聲明,如果不是歷史事實,則屬於"前瞻性聲明",包括與管理層對其Lac Jeannine項目、HyProMag USA以及在這樣的聲明中可以推演出的當前和潛在的未來投資及其對公司的益處有關的聲明。由於前瞻性聲明涉及未來事件和條件,因此它們涉及固有的風險和不確定性。在每種情況下,實際結果可能會因已知或未知的影響公司的風險和不確定性的事實而與此類聲明當前預期的結果有所不同。這包括但不限於資源和儲備風險;環境風險和成本;勞動成本和缺口;原材料供應和價格波動;能源成本上漲;勞資爭端和工作停頓;租賃成本和設備可用性;重型設備需求和可用性;承包商和分包商表現問題;現場安全問題;項目延誤和成本超支;極端天氣條件;社會動亂。有關公司面臨的風險和不確定性的進一步詳情,請參見於2022年4月6日發佈的公司招股說明書以及公司在加拿大證券監管機構的其他申報材料中的"風險因素",這些材料的副本可以在該公司的SEDAR概要資料下找到。
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward looking statements in this release include, but are not limited to, improvements to the Company's market share, the broadening of the Company's product portfolio, the Company's positioning at the forefront of the infused edibles category, the reinforcement of the Company's role in meeting customer demands, and statements regarding the future performance of the Company. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Company is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
本新聞稿包含包含某些"前瞻性信息"的聲明,符合適用證券法的意義("前瞻性聲明")。 本新聞發佈中的前瞻性陳述包括但不限於該公司市場份額的改善,公司產品組合的擴大,公司在浸膏食品類別中的領先地位,公司滿足客戶需求的角色的強化,以及有關公司未來業績的聲明。 前瞻性聲明經常以"計劃","保持","預期","項目","打算","相信","預期","估計","可能","將","潛在","擬議"等詞語或陳述某些事件或條件"可能"或"將"發生。 前瞻性聲明僅爲預測。在整個本新聞發佈中對包含的前瞻性陳述進行結論或進行預測時,使用了各種假設。 前瞻性聲明基於管理層在發表聲明時的意見和估計,並受各種風險和不確定性以及其他可能導致事件或結果與前瞻性聲明中投射的不同的因素的影響。 該公司無需且明確否認有任何意圖或義務,根據適用法律,更新或修改任何前瞻性聲明,除非根據適用法律另有明確規定。
SOURCE SNDL Inc.
來源於sndl inc.
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