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

Executive Summary

• SNDL Inc. completed the acquisition of five cannabis retail stores in Alberta and Saskatchewan from 1CM Inc., representing the first closing under their amended & restated Arrangement Agreement.
• The parties anticipate a second (final) closing in the first half of 2026 for an additional 27 Ontario retail locations, pending regulatory approvals.
• The transaction expands SNDL’s retail footprint and aligns with its strategy to grow its vertically integrated cannabis business across Canada.

Key Details

• Acquired Assets: Five cannabis retail stores located in Alberta and Saskatchewan.
• Seller: 1CM Inc. (CSE: EPIC).
• Transaction Structure: First closing under the amended and restated Arrangement Agreement dated December 15, 2025; purchase price and specific financial terms not disclosed.
• Future Closing: Expected second and final closing in H1 2026 for 27 additional cannabis retail stores in Ontario, subject to regulatory approvals.
• Strategic Rationale: Enhances SNDL’s presence in key Canadian provinces and supports its goal of being the largest private‑sector liquor and cannabis retailer in Canada.
• Forward‑Looking Statements: Include expectations regarding timing of the second closing and receipt of required regulatory approvals; subject to risks and uncertainties outlined in SNDL’s Annual Information Form (dated March 17, 2025) and 1CM’s disclosures.

Notable Quotes

(No direct quotes were provided in the release.)