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SNDL Inc. is a Canada-based private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. The Company is a licensed cannabis producer and a vertically integrated cannabis companies in Canada specializing in low-cost biomass sourcing, premium indoor cultivation, product innovation... see more

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SNDL Inc > SNDL Finally Acquires Zenabis Assets Via CCAA Process

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Post by AwareInvestor on Nov 01, 2022 8:40am

SNDL Finally Acquires Zenabis Assets Via CCAA Process

It may have taken a bit of time, but SNDL Inc has finally completed the task of acquiring Zenabis Global. The acquisition follows the firm obtaining the assets of the company via the Companies Creditors Arrangement Act.

https://thedeepdive.ca/sndl-finally-acquires-zenabis-assets-via-ccaa-process/

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Comment by fab4ever on Nov 03, 2022 11:05am

They are extremely short sighted if they acquired Zenabis strictly for their EU-GMP status.

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Comment by Keeler on Nov 03, 2022 3:00pm

I dont think they acquired Zenabis for the EU-GMP certification alone, but is was a nice bonus. Zenabis owed them $60 million - it was take over Zenabis or wait until the facilities sold thru the bankrupcty process - and hope for the best as far as recovering some of that debt. Two state of the art facilities, one of which they'll put up for sale - $29 million in cannabis inventory and an ...more

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