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Bullboard - Stock Discussion Forum Indiva Ltd V.NDVA.H

Alternate Symbol(s):  NDVAF

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... see more

TSXV:NDVA.H - Post Discussion

Indiva Ltd > New Press Release - Indiva Provides Update on SNDL Loan and Strategic Review
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Comment by nedstar71 on Jun 03, 2024 12:06pm
Strange, 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." ...more  
Comment by caretired1 on Jun 03, 2024 3:36pm
This post has been removed in accordance with Community Policy
Comment by caretired1 on Jun 03, 2024 4:19pm
Note 11 in March financials has this detail
Comment by nedstar71 on Jun 04, 2024 12:14am
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 ...more  
Comment by caretired1 on Jun 04, 2024 7:24am
maybe canopy is raising the 5 million to lend back by selling stock!
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