Press release
SNDL FILES EARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62-103
CALGARY, AB, June 22, 2023 /PRNewswire/ - SNDL Inc. (NASDAQ: SNDL) ("SNDL") today announced that between June 10, 2023, and June 22, 2023, SNDL disposed of
About this update from Sndl Inc.
[{"type":"text","content":"CALGARY, AB, June 22, 2023 /PRNewswire/ - SNDL Inc. (NASDAQ: SNDL) (\"SNDL\") today announced that between June 10, 2023, and June 22, 2023, SNDL disposed of 3,297,000 common shares (\"Common Shares\") in the capital of Indiva Limited (TSXV: NDVA) (OTCQX: NDVAF) (\"Indiva\").\n\n \n \n \n \n \n \n\n \nBetween June 10, 2023, and June 22, 2023, SNDL disposed of 3,297,000 Common Shares (the \"Sold Shares\") through the facilities of the TSX Venture Exchange (the \"TSXV\") at an average price of $0.0293 per share for a total consideration of $90,207. Prior to the dispositions, SNDL held 19,235,500 Common Shares, representing approximately 12.93% of the then issued and outstanding Common Shares on a non-diluted basis. As a result, following the completion of these dispositions, and after taking into account various issuances by Indiva of Common Shares from treasury during this same period, SNDL's holdings in Indiva decreased by an aggregate of approximately 4.36%. Immediately following this disposition, SNDL now holds 15,938,500 Common Shares, representing 8.57% of Indiva's issued and outstanding Common Shares on a non-diluted basis, as reported to the TSX after taking into account various concurrent issuances by Indiva of Common Shares.\nThe Sold Shares were sold for investment purposes. SNDL may, depending on market and other conditions, increase or decrease its beneficial ownership in Indiva's securities, whether in transactions over the open market, by privately negotiated arrangements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.\nThis news release is being issued to comply with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report regarding these transactions has been filed on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com under Indiva's issuer profile and may be obtained directly from SNDL upon request at the telephone number below and from the individual listed below. SNDL's head office is located at #300, 919 - 11th Avenue SW, Calgary, AB T2R 1P3.\nABOUT SNDL INC. SNDL is a public company whose shares are traded on the Nasdaq under the symbol \"SNDL.\"SNDL is the largest private-sector liquor and cannabis retailer in ...