SNDL Lowers Its Stake In Indiva To 8.57%

SNDL Inc. SNDL announced that between June 10, 2023, and June 22, 2023, SNDL disposed of 3.3 million common shares in the capital of Indiva Limited NDVAFNDVA .

Between June 10, 2023, and June 22, 2023, SNDL disposed of 3.3 million common shares through the facilities of the TSX Venture Exchange at an average price of $0.0293 per share for a total consideration of $90,207. Prior to the dispositions, SNDL held 19.2 million common shares, representing approximately 12.93% of the then issued and outstanding common shares on a non-diluted basis.

As a result, following the completion of these dispositions, and after taking into account various issuances by Indiva of common shares from treasury during this same period, SNDL's holdings in Indiva decreased by an aggregate of approximately 4.36%. Immediately following this disposition, SNDL now holds 15.9 million common shares, representing 8.57% of Indiva's issued and outstanding common shares on a non-diluted basis, as reported to the TSX after taking into account various concurrent issuances by Indiva of common shares. The sold shares were sold for investment purposes.

Photo: Benzinga edit with photo by Kindel Media on Pexels

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