Tillkännagivande • Nov 06
SNDL Inc. (NasdaqCM:SNDL) completed the acquisition of remaining majority stake in Indiva Limited (TSXV:NDVA.H). SNDL Inc. (NasdaqCM:SNDL) enters into a stalking horse purchase agreement to acquire a remaining majority stake in Indiva Limited (TSXV:NDVA.H) for CAD 22.7 million on July 5, 2024. PricewaterhouseCoopers Inc. (The Monitor) currently estimates the value of the credit bid and cash consideration payable by SNDL under the Bid Agreement to be in the range of approximately CAD 25 million to CAD 28 million. As of July 8, 2024, the Court has approved the sale process. The Transaction is anticipated to close during SNDL's fourth quarter following the receipt of all such approvals. Indiva will seek approval for the Transaction from the Court on or about September 19, 2024. As per filing on August 29, 2024, stalking horse bid of SNDL has been chosen as the successful bid in the acquisition of Indiva. McCarthy Tétrault LLP is acting as legal counsel for SNDL, Bennett Jones LLP is acting as legal counsel for the Indiva Group, and Osler Hoskin & Harcourt LLP is acting as legal counsel for PricewaterhouseCoopers Inc. (the monitor).
SNDL Inc. (NasdaqCM:SNDL) completed the acquisition of remaining majority stake in Indiva Limited (TSXV:NDVA.H) on November 4, 2024. Tillkännagivande • Jun 15
Indiva Limited Announces Resignation of Rachel Goldman from the Board Indiva announced that Rachel Goldman resigned from the board of Indiva on June 12, 2024, prior to the board resolving to commence proceedings under the CCAA. Tillkännagivande • May 24
Indiva Limited Provides Earnings Guidance for the Second Quarter of 2024 Indiva Limited Provided Earnings Guidance for the second Quarter of 2024. For the quarter, the company expects net revenue will be higher on a sequential basis and year-over-year, expected to exceed $10 million, based on the strength of purchase orders from provincial wholesalers and deliveries to date in the quarter. Tillkännagivande • May 16
Indiva Limited to Report Q1, 2024 Results on May 23, 2024 Indiva Limited announced that they will report Q1, 2024 results Pre-Market on May 23, 2024 Tillkännagivande • Apr 27
Indiva Limited Provides Earnings Guidance for the First Quarter and Fiscal Year 2024 Indiva Limited Provided Earnings Guidance for the First Quarter and fiscal year 2024. For the quarter, the company expects net revenue will be lower on a sequential basis, primarily due to seasonality, and flat year-over-year, due to the continued growth in Pearls by Grön, and the contribution to revenue from No Future gummies and Indiva Blips offset by Wana converting to contract manufacturing and the loss of lozenge revenue.For the year, the company expects to generate record net revenue, driven by continued strength in its core brands, bolstered by new product introductions and continued efficiency gains at the production facility from automation and process improvements. Tillkännagivande • Apr 17
Indiva Limited to Report Q4, 2023 Results on Apr 25, 2024 Indiva Limited announced that they will report Q4, 2023 results at 9:30 AM, US Eastern Standard Time on Apr 25, 2024 Tillkännagivande • Feb 28
Indiva Limited announced that it expects to receive CAD 4.312 million in funding Indiva Limited announce a non-brokered private placement of up to 30,800,000 units at a price of CAD 0.14 per unit for aggregate gross proceeds of up to CAD 4,312,000 on February 28, 2024. Each unit will consist of one common share and one-half common share purchase warrant. Each warrant will be exercisable into one common share at a price of CAD 0.15 per common share for a period of 36 months from the date of issuance. The closing of the offerings may take place in one or more tranches. The offerings are subject to certain conditions including, but not limited to, the approval of the TSXV. The company may pay certain eligible finders a finder's fee of up to CAD 400,000. Tillkännagivande • Jan 22
Indiva Limited announced that it expects to receive CAD 4 million in funding Indiva Limited announces private placement of minimum of 20,000,000 units and maximum of 40,000,000 Units at an issue price of CAD 0.10 per unit for gross proceeds of CAD 2,000,000 incase of minimum offering and CAD 4,000,000 incase of maximum offering on January 22, 2024. Each Unit consists of one common share and one-half Common Share purchase warrant. Each Warrant is exercisable into one Common Share at a price of CAD 0.15 per Common Share for a period of 36 months from the date of issuance. The Warrants will be governed by the terms and conditions set forth in the certificates representing the Warrants. The transaction is expected to close the final tranche closing will occur no later than March 7, 2024. The company will pay finder's cash fee 8% of the gross proceeds raised in respect of the Offering from subscribers and also issue to eligible finders such number of finder warrants equal to 8.0% of the number of Units sold under the Offering to subscribers introduced by such finders to the Company. The Finder Warrants, to the extent they are issued, shall entitle the holder thereof to acquire one Common Share at a price of CAD 0.15 per Common Share for a period of 36 months from the date of issuance. Tillkännagivande • Nov 22
Indiva Limited Provides Revenue Guidance for Fourth Quarter of 2023 Indiva Limited provided revenue guidance for fourth quarter of 2023. The company expects fourth quarter of 2023 net revenue, excluding contract manufacturing, to improve sequentially driven by new product introduction, including first full quarter of No Future sales across Canada. New SKUs coming to market include additional No Future gummies and vapes, Blips, as well as new 5-count and 25-count Pearls gummies. Gross margins are expected to continue to trend higher over time as the Company benefits from a mix shift to higher margin products and continues to achieve further production efficiencies driven by greater utilization of automation in production and packaging activities. Tillkännagivande • Nov 04
Indiva Limited to Report Q3, 2023 Results on Nov 21, 2023 Indiva Limited announced that they will report Q3, 2023 results Pre-Market on Nov 21, 2023 Tillkännagivande • Aug 18
Indiva Limited to Report Q2, 2023 Results on Aug 29, 2023 Indiva Limited announced that they will report Q2, 2023 results Pre-Market on Aug 29, 2023 Tillkännagivande • Aug 11
Indiva Limited Launches No Future Gummies and Vapes Indiva Limited introduced a new value-focused cannabis brand called No Future, which the Company has already begun shipping to B.C. and Alberta and is expected to ship to Ontario in September 2023. No Future is intended to fill a large and critical gap in the cannabis marketplace that opened once the ingestible extracts market was eliminated earlier this year. Indiva expects No Future to accelerate the migration of consumers from the illicit market to the legal market by drastically reducing the price per milligram of THC in cannabis edibles and other extract products such as vapes. No Future will initially launch with four flavours of THC gummies and three varieties of 1.2g 510 vapes. No Future THC Gummies will be 10mg THC per pack and retail prices are expected to reset the floor price of legal market gummies across Canada, with some stores selling at similar prices per mg of THC as ingestible extracts were sold. No Future Vapes will be sold in 1.2g 510 thread cartridges and introduced in three great-tasting strains: Sour Tangie (Sativa), Cherry Zlushie (Hybrid), and Hot CKS (Indica). Similar to No Future gummies, Indiva expects this set of products to reset the floor price of legal 1.2g vapes across Canada. B.C. and Alberta have already begun to receive their first shipments of No Future gummies and Ontario is expected to receive its first shipments in September 2023 and be in stock at retailers by October 2023. No Future Vapes have been delivered in Alberta and are expected to land in Ontario on the same timeline as the gummies. Indiva plans for more regions and product launches to come online in the fall and winter of 2023. Tillkännagivande • May 31
Indiva Limited announced that it expects to receive CAD 2.155617 million in funding from Canopy Growth Corporation Indiva Limited announced that it has entered a non-brokered private placement of 37,230,000 common shares at a price of CAD 0.0579 per share for gross proceeds of CAD 2,155,617 on May 30, 2023. The transaction will include participation from new investor, Canopy Growth Corporation. The balance of the consideration will be paid by Canopy Growth Corporation to the company as additional consideration representing a value of CAD 844,383 and cash payment of CAD 1,250,000 on May 30, 2024. The private placement is expected to close on or before June 6, 2023. The transaction is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange. The common shares to be issued under the private placement will have a hold period of four months and one day from the closing date. Tillkännagivande • May 17
Indiva Limited Provides Revenue Guidance for the Second Quarter of 2023 Indiva Limited provided revenue guidance for the second quarter of 2023. The company expects second quarter of 2023 net revenue to improve compared to the same period last year; however, there is risk that net revenue may decline sequentially, if sales of new products fail to offset lower sales of ingestible extracts as a result of Health Canada's recent order to stop production and sale of these products. Sequential growth in net revenue is expected to resume in the second half of 2023 driven by the introduction of new products in the third and fourth quarters, resulting primarily from in-house innovation. Gross margins are expected to continue to trend higher and benefit from the implementation of automation in the production and packaging of edible products. Tillkännagivande • May 12
Indiva Limited, Annual General Meeting, Jul 18, 2023 Indiva Limited, Annual General Meeting, Jul 18, 2023. Tillkännagivande • May 04
Indiva Limited to Report Q1, 2023 Results on May 16, 2023 Indiva Limited announced that they will report Q1, 2023 results Pre-Market on May 16, 2023 