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Nova Cannabis

novacannabis.ca

Founded Year

1987

About Nova Cannabis

Nova Cannabis is a national cannabis retailer. It delivers value to cannabis consumers by offering high-quality cannabis products in convenient locations at everyday low prices. It was founded in 1987 and is based in Edmonton, Canada.

Headquarters Location

4524 4 Ave

Edmonton, Alberta, T7E 1C7,

Canada

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Latest Nova Cannabis News

SNDL, Nova abandon strategic partnership

Nov 20, 2023

Olivier Le Moal Canadian marijuana players, SNDL (NASDAQ: SNDL ) and Nova Cannabis ( OTCQB:NVACF ) have agreed to terminate their previously announced strategic partnership amid regulatory hurdles. In connection with the decision, SNDL ( SNDL ) said it will extend the maturity date of one of Nova's ( OTCQB:NVACF ) credit facilities to March 31, 2024, and will not move forward with the previously planned distribution of Nova common shares to SNDL shareholders. However, the duo reaffirmed their commitment to the current management and administrative services agreement. "SNDL remains committed to being a strong financial partner to Nova, with a focus on fostering sustainable business growth and development," SNDL CEO Zach George remarked. Under the partnership first announced in 2022, SNDL ( SNDL ) agreed to integrate more than 20 of its cannabis retail stores located in Ontario and Alberta with Nova's ( OTCQB:NVACF ) cannabis retail business. Previously, the companies extended the closing date of the transaction several times, citing a provincial regulatory review in Canada.

Nova Cannabis Frequently Asked Questions (FAQ)

  • When was Nova Cannabis founded?

    Nova Cannabis was founded in 1987.

  • Where is Nova Cannabis's headquarters?

    Nova Cannabis's headquarters is located at 4524 4 Ave, Edmonton.

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