SNDL & 1CM Complete Purchase and Sale of 5 Retail Stores in Alberta and Saskatchewan

Executive Summary

• SNDL Inc. completed the first closing under its amended and restated Arrangement Agreement, acquiring five cannabis retail stores in Alberta and Saskatchewan from 1CM Inc.
• The transaction represents the initial step toward a larger deal that will add 27 Ontario cannabis retail stores, with the second (final) closing expected in the first half of 2026 pending regulatory approvals.

Key Details

• Acquisition Scope: 5 cannabis retail locations located in Alberta and Saskatchewan transferred from 1CM to SNDL.
• Agreement Reference: Amended & Restated Arrangement Agreement dated December 15, 2025 (“A&R Arrangement Agreement”).
• Closing Status: First closing completed; second (final) closing anticipated in H1 2026 for an additional 27 Ontario stores.
• Regulatory Condition: Completion of the second closing is subject to obtaining required regulatory approvals.
• Strategic Rationale: Expands SNDL’s retail footprint in Western Canada and positions the company for a significant expansion into Ontario, enhancing its vertically integrated cannabis platform.

Notable Quotes

(No direct quotes were provided in the release.)