Canada’s leading producer of cannabis edibles, Indiva Limited, has hired a financial adviser to help the company evaluate an array of strategic options.
The London, Ontario-based company announced Tuesday that it hired SSC Advisors to help weigh potential strategic alternatives to maximize shareholder value.
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Some of those options include:
Financing alternatives. A merger. A reorganization of the company.
Indiva said it has no set timetable to complete the strategic review process and no specific decisions been made regarding the options.
In Indiva’s most recent consolidated interim financial statements, covering the quarter ended Sept. 30, 2023, the company warned of material uncertainties “that may cast significant doubt on the ability to continue as a going concern.”
Indiva had said it incurred losses
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