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Published on 7/25/2023 in the Prospect News Private Placement Daily.

Nova Cannabis briefly extends revolving credit facility maturity

Chicago, July 25 – Nova Cannabis Stores LP extended the maturity date on its revolving credit facility with SNDL Inc. to Aug. 25, according to a press release.

The extension accommodates an extension of the outside date for the closing of a strategic partnership between SNDL and Nova.

The transaction is expected to now close on Aug. 25.

The parties are waiting on regulatory approval from one provincial regulator.

Nova Cannabis is an Edmonton, Alta.-based cannabis retailer.


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