Northwire Canada EditionWednesday, July 29, 2026
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NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0% NAM 0.250 +0.0% CRD 0.065 +8.3% OLA 12.90 −3.7% CG 22.70 −2.5% EQX 12.89 −4.0% FM 37.51 −2.3% MNRG 0.080 −11.1% KFR 1.31 +0.8% AUMN 0.275 +0.0% GLB 0.250 +0.0% BHS 0.045 −10.0% EGR 0.025 +0.0% RIO 2.59 −4.1% GEN 0.070 +0.0% MAI 4.39 −2.0% RYR 0.175 +0.0%
M&A / Property

SNDL & 1CM Provide Update Regarding Arrangement

By The Northwire Desk — AI Analysis Dec 15, 2025 · 16:30 EPI · 8.2 None
EPI · Price

Executive Summary

  • SNDL Inc. and 1CM Inc. have 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 five Alberta/Saskatchewan stores ($5.0 M) expected in January 2026, and a second closing of the remaining 27 Ontario stores ($27.2 M) by May 31 2026, subject to regulatory approvals.
  • A $2.0 million non‑refundable cash deposit has already been paid; net proceeds from the first closing will fund transaction costs and working capital, with a later return of capital to 1CM shareholders after the second closing.

Key Details

  • Amended Agreement Date: December 15 2025 (amends original April 9 2025 arrangement).
  • Total Purchase Price: $32.2 million cash (unchanged from original agreement).
  • Closing Structure:
  • First Closing: Sale of 5 stores in Alberta & Saskatchewan; purchase price $5.0 M; expected closing January 2026 pending provincial approvals.
  • Second Closing: Sale of remaining 27 stores in Ontario; purchase price $27.2 M; expected closing by May 31 2026, contingent on Ontario regulatory approval.
  • Deposit Paid: $2.0 million non‑refundable cash deposit toward the first closing.
  • Regulatory Timeline: Outside date extended from Dec 31 2025 to May 31 2026 to accommodate pending approvals.
  • Shareholder Approval: 1CM shareholders voted overwhelmingly in favor of the transaction at the June 16 2025 annual and special meeting.
  • Court Order: Final Order approving original arrangement issued by Ontario Superior Court on June 18 2025; a hearing is scheduled for Jan 5 2026 to vary the order per the amendment.
  • Use of Proceeds – First Closing: Net proceeds earmarked for transaction costs and working capital.
  • Return of Capital: 1CM intends to return a portion of net proceeds to its shareholders after the second closing; no announcement will be made until that time.
  • Integration Plans: SNDL expects to integrate the Cost Cannabis and T Cannabis banners into its retail network post‑closing.

Notable Quotes

(No direct quotes were provided in the release.)

Read the original news release →

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Jan 07, 2026 · 16:30

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

M&A / Property