SNDL Emerges as Canada's Leading Producer of Edibles with Indiva Acquisition

Group 1 - SNDL Inc. has successfully acquired the business and assets of Indiva Limited for an estimated value of $22.7 million, as part of Indiva's proceedings under the Companies' Creditors Arrangement Act (CCAA) [1][2] - The acquisition includes Indiva's 40,000-square-foot production facility in London, Ontario, and a diverse brand portfolio featuring market leaders such as Pearls by Grön, No Future, and Bhang Chocolate [2] - This transaction is expected to enhance SNDL's position as a leading producer of cannabis products in Canada, particularly in the infused edibles category, by broadening its product portfolio [2] Group 2 - SNDL is recognized as the largest private-sector liquor and cannabis retailer in Canada, with a significant presence in the cannabis industry through various retail banners and a comprehensive brand portfolio [4] - The company specializes in low-cost biomass sourcing, premium indoor cultivation, product innovation, and low-cost manufacturing facilities, positioning itself as one of the largest vertically integrated cannabis companies in Canada [4]