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Indiva Ltd V.NDVA.H

Alternate Symbol(s):  NDVAF

Healthcare
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 > Deadline Day
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Comment by nedstar71on Aug 28, 2024 2:58pm
64 Views
Post# 36199895

RE:RE:RE:RE:RE:RE:Deadline Day

RE:RE:RE:RE:RE:RE:Deadline DayThe various timelines are  laid out here and likely haven't changed:
https://www.pwc.com/ca/en/services/insolvency-assignments/indiva/sale-process.html
Note the different dates in the list under the "If no Qualified Bids are received other than the Stalking Horse Bid"
And
"If Qualified Bids are selected other than the Stalking Horse Bid"
Given that no announcement has been made as of today that the stalking horse bid was selected one could assume that there is indeed another bid and the dates in the second part of Sep 1st, 4th etc are key.  Then again who knows, this isn't publicly traded so it's questionable how fast they need to disclose if SNDL's stalking horse bid was accepted, but decent probability there was another bid imo.  Shouldn't have to wait more than a week to find out.
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