Northwire Canada EditionThursday, October 15, 2026
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M&A / Property

SNDL & 1CM Provide Update Regarding Arrangement

By The Northwire Desk — AI Analysis Dec 15, 2025 · 18:38 EPIC · 0.16 1CM Inc.
EPIC · Price

Executive Summary

  • SNDL Inc. and 1CM Inc. executed an amended and restated arrangement agreement to complete the acquisition of 32 cannabis retail stores for a total cash purchase price of $32.2 million.
  • The transaction will close in two stages: a first closing of 5 stores (Alberta & Saskatchewan) with a $5.0 million cash payment, and a second closing of the remaining 27 Ontario stores with a $27.2 million cash payment; the overall completion deadline is extended to May 31 2026.
  • A $2.0 million non‑refundable deposit has already been paid; net proceeds from the first closing will fund transaction costs and working capital, while a return of capital to 1CM shareholders is planned after the second closing.

Key Details

  • Amended & Restated Arrangement Agreement dated December 15 2025 replaces the original April 9 2025 agreement.
  • Purchase Price: $32.2 million total (unchanged).
  • First Closing: $5.0 million cash for 5 stores in Alberta & Saskatchewan.
  • Second Closing: $27.2 million cash for 27 stores in Ontario.
  • Deposit: $2.0 million non‑refundable cash deposit already paid toward the first closing.
  • Closing Schedule:
  • First Closing expected January 2026 (subject to Court approval).
  • Second Closing delayed; regulatory approvals in Ontario not anticipated until after 2025.
  • Overall transaction deadline extended from December 31 2025 to May 31 2026.
  • Regulatory & Legal Steps:
  • 1CM shareholders approved the original transaction on June 16 2025.
  • Final Order from Ontario Superior Court approving the original arrangement issued June 18 2025.
  • Court hearing scheduled for January 5 2026 to vary the Final Order per the amended agreement.
  • Use of Proceeds:
  • Net proceeds from First Closing will cover transaction costs and provide working capital.
  • A Return of Capital to 1CM shareholders will be announced after the Second Closing, once net proceeds are fully realized.
  • Future Plans: Post‑closing, 1CM expects to continue organic growth and pursue additional M&A opportunities in cannabis and liquor retail.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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