Sundial To Make A $22M Strategic Investment In Indiva

Canadian cannabis company Sundial Growers Inc. (NASDAQ: SNDL) made a strategic investment of $22 million into a cannabis edibles producer, Indiva Ltd. (TSXV: NDVA) (OTCQX: NDVAF).

The deal requires a brokered private placement directed by ATB Capital Markets Inc. of 25 million Indiva shares with a price of 44 cents per share, to collect gross proceeds of $11 million and a non-revolving loan facility to Indiva in the amount of $11 million.

Sundial projects it will be the only subscriber for the placement, and for the investment to be finalized on or around Feb …

Full story available on Benzinga.com

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