This website uses cookies for a range of purposes to help us understand your interests and improve the website. By using our website, you acknowledge the use of essential cookies and consent to the use of non-essential cookies, as described in our Cookie Policy. To understand more about how we use cookies or to change your preference and browser settings, please see our Cookie policy

Back toDeals, Cases & Projects
Advanced
Filters

SNDL Inc. completes the assignment of four Dutch Love cannabis retail stores to Nova Cannabis Inc. for C$8.2M

Date Closed

May 9, 2024

Lead Office

Toronto

Value

8.18 Million CAD

On May 9, 2024, SNDL Inc. ("SNDL") assigned its rights to own or operate four Dutch Love cannabis retail stores to Nova Cannabis Inc. ("Nova"). Nova issued SNDL C$8.179 million of Nova shares to SNDL.

Nova, headquartered in Toronto, Ontario, is one of Canada's largest cannabis retailers offering a wide variety of products in 96 locations across Alberta, Ontario and Saskatchewan.

SNDL, located in Calgary, Alberta, 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.

McCarthy Tétrault advised SNDL with a team led by Ranjeev Dhillon that included Adil Akbar (Business), Kristin Dosen (Lending), Matt Kraemer and Adam Unick (Tax).

People