SNDL Inc. (NASDAQ: SNDL) announced that the shareholders of Nova Cannabis Inc. (OTCQB: NVACF) (TSX:NOVC), excluding the company and its associates and affiliates in accordance with Multilateral Instrument 61-101 – Protection of minority security holders in special transactions, have approved a resolution in respect of the proposed transaction between SNDL and Nova to create a cannabis retail platform in Canada, as contemplated by the implementation agreement entered into between the company and Nova dated December 20, 2022, as amended on April 3, 2023.

As part of the closing of the transaction, SNDL plans to reduce its equity ownership in Nova by completing a distribution …

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