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Indiva Ltd V.NDVA.H

Alternate Symbol(s):  NDVAF

Healthcare Cannabis
Indiva Limited, through its indirect wholly owned subsidiary, Indiva Inc., is a Canada-based producer of cannabis servicing the medical and recreational markets. The Company is engaged in producing and selling cannabis products. It focuses on the production and processing of edible and extract cannabis products as well as packaging of edibles and extracts. Its brands include Pearls by Gron, Bhang Chocolate, Indiva Doppio Sandwich Cookies, Indiva 1432 Chocolate, and No Future Gummies and Vapes, as well as other Indiva branded extracts. Its product category includes edibles, capsules and tablets, and vape. Its edibles include Vanilla Double -Stuffed Chocolate Cookie, and Golden Vanilla Double Stuffed Cookie. The Company sells its cannabis products to consumers in the recreational market in the provinces of Ontario, British Columbia, Alberta, Quebec, Nova Scotia, Saskatchewan, Manitoba, New Brunswick, Prince Edward Island, Newfound.


TSXV:NDVA.H - Post by User

Indiva Ltd > New Press Release - Indiva Provides Update on SNDL Loan and Strategic Review
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Comment by nedstar71on Jun 03, 2024 12:06pm
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Post# 36069448

RE:New Press Release - Indiva Provides Update on SNDL Loan and Strategic Review

RE:New Press Release - Indiva Provides Update on SNDL Loan and Strategic ReviewStrange, in the April news release it stated
"There is no set timetable to complete the strategic review process nor have any decisions been made relating to strategic alternatives at this time"

And now they're saying

"The date by which the Company is required to have satisfied certain current liabilities under the Amending Agreement has been extended to June 13, 2024."

Sounds like SNDL is doing what they do, turning the screws in order to acquire assets in default.  Will be interesting to see what Indiva's answer is this. Surely Niel can figure something out but I had no idea this deadline existed.  Their back is up against a wall, which in the mj space usually isn't good. 
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