RE:Duster - I thought quinlash and I were clear Keeler wrote: when we made the board aware that we have independky confirmed Tilrays next acquisition.
We will NOT release the name of that company - for fear that shorters and hedge funds will profit from our research.
As well, when the news DOES come out - we will be able to confirm that it was indeed the company we identified.
wasn't it like a month ago that quin said tilray would annonce there new aquisition (clearly they have not made one yet) haha. well i am going out on the limb to throw out what i think there aquisition will be and when. i am thinking NDVA will be that company. tilray has to have there bid in august/26 at the latest.
As previously disclosed, on June 13, 2024, Indiva Limited (“Indiva”) (TSXV:NDVA) and its subsidiaries (collectively, the “Indiva Group”) were granted creditor protection pursuant to an order (as amended and restated, the “Initial Order”) from the Ontario Superior Court of Justice (Commercial List) (the “Court”) under the Companies’ Creditors Arrangement Act (the “CCAA”). The Initial Order also appointed PricewaterhouseCoopers Inc. as the monitor of the Indiva Group (the “Monitor”), and approved debtor-in-possession financing from Indiva’s senior secured lender, SNDL Inc. (“SNDL”).
Pursuant to an Order granted on July 5, 2024 (the “Sale Process Approval Order”), the Court has approved: (i) a sale process (the “Sale Process”) to be conducted in respect of the business and property of the Indiva Group by the Monitor, in consultation with the Indiva Group; and (ii) an agreement of purchase and sale between Indiva and certain of its subsidiaries and SNDL to serve as the “stalking horse” pursuant to the Sale Process (the “Stalking Horse Bid”). The consideration to be provided pursuant to the Stalking Horse Bid will be the “floor”, or minimum acceptable bid, for other bidders. If a bid is not received in compliance with the Sale Process and with consideration value better than what would be received under the Stalking Horse Bid, the Stalking Horse Bid will be deemed to be the “Successful Bid” pursuant to the Sale Process. If another bid offers superior terms to the Stalking Horse Bid, the Sale Process provides that an auction process will determine the “Successful Bid”.
Interested parties who wish to submit a bid in the Sale Process must deliver a binding offer to the Monitor by no later than August 26, 2024 at5:00 pm (Eastern Time).