Alberta
Canopy Growth signs deal with Indiva for Wana brand of edibles
SMITHS FALLS, Ont. — Cannabis company Canopy Growth Corp. has signed a deal with Indiva Ltd. for the exclusive rights and interests to manufacture, distribute and sell Wana branded edible products in Canada.
The companies also signed a contract manufacturing agreement that grants Indiva the exclusive right to manufacture and supply Wana branded products in Canada for five years, with the ability to renew for an additional five-year term upon mutual agreement.
Under the deal, Canopy Growth will buy about 37.2 million Indiva shares for a purchase price of 5.79 cents per share for a total of nearly $2.2 million giving it a 19.99 per cent stake in Indiva.
The company will also pay Indiva additional consideration representing a value of $844,383 and a cash payment of $1.25 million on May 30, 2024.
Canopy Growth chief executive David Klein says the agreements provide the company more complete ownership over the value chain for the Wana brand in Canada, while ensuring the continuity of high-quality manufacturing.
In addition to Wana, Indiva produces cannabis edibles under the Bhang and Pearls by Grön brands as well as its own banner.
This report by The Canadian Press was first published May 30, 2023.
Companies in this story: (TSX:WEED)
The Canadian Press
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An Edmonton Police Service logo is shown at a press conference in Edmonton, Oct. 2, 2017. Police in Edmonton have charged two more people following the killing of an eight-year-old girl whose remains were found on a First Nation south of the provincial capital in April. THE CANADIAN PRESS/Jason Franson
Edmonton
Police in Edmonton have charged two more people following the killing of an eight-year-old girl whose remains were found on a First Nation south of the provincial capital.
Officers responded on April 24 to a welfare call about the girl at an Edmonton home but were unable to locate her.
Her remains were discovered five days later on the Samson Cree Nation in Maskwacis.
Shayden Lightning, who is 21, and Raighne Stoney, who is 36, have been charged with being an accessory to murder and causing an indignity to a body.
Three others were initially charged in the case.
Police are not releasing the names of two of the accused in order to protect the identities of other children related to the victim, whose identity is under a publication ban.
A 27-year-old woman faces a charge of first-degree murder and a 25-year-old man faces charges of being an accessory to murder and causing an indignity to a body.
Edward Nievera, 67, was charged with being an accessory to murder and causing an indignity to a body.
Edmonton police Staff Sgt. Colin Leathem said in a release Friday that the recent arrests will be the last in the case and that the investigation has concluded.
“We want to thank the RCMP in Maskwacis and Wetaskiwin for their assistance with this investigation,” he said. “Needless to say, this was an exceptionally distressing investigation to work on, and they went above and beyond in helping to facilitate these final arrests and bring this file to conclusion.
“While nothing can change the horror of what occurred, we hope (the arrests) can provide some measure of justice to those who knew and loved this little girl.”
This report by The Canadian Press was first published Sept. 22, 2023.
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