SNDL Inc. (NASDAQ: SNDL) and Nova Cannabis Inc. (TSX: NOVC) announced a mutual decision to terminate the implementation agreement dated December 20, 2022, related to their previously announced strategic partnership.

Simultaneously, the two companies reaffirmed a strong commitment to their ongoing partnership under the management and administrative services agreement.

"We are dedicated to building a consumer-centric, regulated products business model within a complex regulatory environment," said Zach George, CEO of SNDL. "The synergy between our companies has already demonstrated great results, and combined efforts and shared vision are key drivers in this journey towards market leadership.”

In connection with the termination of the agreement, SNDL and Nova have extended the maturity …

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