Source: Financial Modeling Prep · peers by sector/industry
Insider activity (SEC Form 4)
No recent Form 4 filings on EDGAR — either no insider transactions reported recently or this isn't a SEC-registered issuer.
Valuation
Trading at 0.1× sales vs its 0.6× historical median P/S.
Fair value ≈ $0.15 · price $0.02 today
Undervalued · 86% below
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Fair-value line = the stock's median historical P/S × sales per share. Price below the orange line = cheap vs its own history; above = expensive. Not investment advice.
Cannabis Giant $SNDL Is Taking Care Of Other Companies' Debts, Expects To Acquire Shares Of Canadian Cannabis Edibles Producer - Delta 9 Cannabis (OTC:DLTNF), Indiva (OTC: $NDVAF ) - Benzinga https://www.benzinga.com/markets/cannabis/24/07/39667447/cannabis-giant-sndl-is-taking-care-of-other-companies-debts-expects-to-acquire-shares-of-canadia
$NDVAF so pretty much... Indiva didn't pay back their debt to Sndl and so now Indiva is being sold to the highest bidder with Sndl having the first and currently, the only bid, called a "stalking horse bid".
If Sndl is the only bidder, they get Indiva, and we as shareholders get nothing sadly. Our only hope is that we get bought by another company. The final date for any company to purchase Indiva is August 26th.
$NDVAF Latest article translated by chat GPT below:
Indiva Starts Court-Approved Sale Process
Indiva Limited (a cannabis company) and its related businesses are starting a sale process after getting creditor protection from a court on June 13, 2024. This protection helps them deal with their debts. The court also appointed PricewaterhouseCoopers Inc. (PwC) to oversee the process and approved financing from SNDL Inc., Indiva's main lender.
On July 5, 2024, the court approved a plan to sell Indiva's business and property. PwC will handle the sale with help from Indiva. They also approved a backup deal with SNDL, called a "Stalking Horse Bid," which sets the minimum price for the sale. If no better offers come in, SNDL's offer will be accepted. If a better offer does come in, an auction will be held to decide the winner.
Anyone interested in buying must submit a binding offer to PwC by August 26, 2024, at 5:00 pm Eastern Time.
