![]() Client Work SNDL to Acquire Remaining Minority Interest of Nova CannabisAugust 13, 2024 Authors Jon C. TruswellPartner Greg M. JohnsonPartner Brendan SigaletAssociate Niki K. GillAssociate Flutra KacuriAssociate SNDL Inc. and Nova Cannabis Inc. have announced that they have entered into an arrangement agreement pursuant to which SNDL will acquire all of the issued and outstanding common shares in the capital of Nova not already owned by SNDL, representing approximately 34.8 percent of Nova shares, by way of a statutory plan of arrangement for aggregate consideration of approximately C$40 million. Bennett Jones is acting as legal counsel to Nova. The Bennett Jones team on the transaction is led by Jon Truswell (M&A) and includes Greg Johnson and Brendan Sigalet (Tax); Niki Gill and Flutra Kacuri (Corporate); and David Hodge (Corporate). Republishing Requests For permission to republish this or any other publication, contact Amrita Kochhar at kochhara@bennettjones.com. For informational purposes only This publication provides an overview of legal trends and updates for informational purposes only. For personalized legal advice, please contact the authors. AuthorsJon C. Truswell, Partner Calgary • 403.298.3097 • truswellj@bennettjones.com Greg M. Johnson, Partner Calgary • 403.298.4470 • johnson@bennettjones.com Brendan Sigalet, Associate Calgary • 403.298.2056 • sigaletb@bennettjones.com Niki K. Gill, Associate Calgary • 403.298.8149 • gilln@bennettjones.com Flutra Kacuri, Associate Calgary • 403.298.3091 • kacurif@bennettjones.com |