SNDL closes five-cannabis-store buy from ICM

Executive Summary

• SNDL Inc. has completed the acquisition of five cannabis retail stores in Alberta and Saskatchewan from 1CM Inc., marking the first closing under their amended and restated arrangement agreement.
• The transaction is part of a broader deal structure, with a second and final closing anticipated in the first half of 2026 for 27 additional stores in Ontario, pending regulatory approvals.
• This acquisition expands SNDL's retail footprint, reinforcing its position as the largest private-sector liquor and cannabis retailer in Canada.

Key Details

• Transaction Completion: SNDL completed the purchase of five (5) cannabis retail stores located in Alberta and Saskatchewan.
• Seller: 1CM Inc.
• Agreement Basis: Completion of the first closing pursuant to the amended and restated arrangement agreement dated December 15, 2025.
• Future Closings: A second (and final) closing is anticipated in the first half of 2026.
• Future Assets: The second closing involves the acquisition of 27 additional cannabis retail stores located in Ontario.
• Conditions: The future closing is subject to obtaining required regulatory approvals.
• Company Context: SNDL operates retail banners including Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf, and holds consumer-facing cannabis brands such as Top Leaf, Contraband, and Palmetto.

Notable Quotes

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