SNDL Inc. and Nova Cannabis Inc. announced the mutual decision to terminate the implementation agreement, dated December 20, 2022, as amended (the "Implementation Agreement"), concerning their previously-announced strategic partnership (the "Transaction"). SNDL and Nova reaffirm their strong commitment to their ongoing partnership under the management and administrative services agreement. In connection with the termination of the Implementation Agreement, SNDL and Nova have extended the maturity date of Nova's credit facility with SNDL to March 31, 2024.