CALGARY, AB, Nov. 4, 2024 /CNW/ - 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.
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