Sienna Senior Living Inc. (TSX:SIA) acquired remaining 30% stake in Nicola Lodge for CAD 26.7 million on February 28, 2025. A cash consideration of CAD 15.34 million will be paid by Sienna Senior Living Inc. As part of consideration, CAD 15.34 million is paid towards common equity and CAD 11.36 million is paid towards convertible debt of Nicola Lodge.

Sienna Senior Living Inc. (TSX:SIA) completed the acquisition of 30% stake in Nicola Lodge on February 28, 2025.