Indiva Ltd V.NDVA.H

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

[nedstar71]

I see that now.  Somewhat odd they'd go out of their way to indicate there was no set timetable when there was indeed a deadline, albeit an now a 10 day extended date to which the $4.9 million needed to be paid back.  I'd suggest mortgaging the building but according to the terms of the amendment document it sounds like Indiva isn't able to do any transactions like that without SNDL's permission. 
$5 milllion shouldn't be impossible to come up with and you'd have to assume the 10 day extension was given because they have something figured out but not quite closed.  I'd assume more dilution at 5 cents or below.  But yeah, this is what SNDL does best, force loan defaults and obtain assets for peanuts.  I said a couple of months ago " In the end I think SNDL will own Indiva.  I'm just not so sure they will have to buy them"  Though if that were the immediate plan I doubt the 10 day extension would have been given.
While just checking Sedar I see Canopy sold 840,000 shares of this on Friday, which seems odd.  Given their position what's the point?
Anyway should be interesting to see what they come up with.