SNDL closes five-cannabis-store buy from ICM

Mr. Tomas Bottger of SNDL reports SNDL & 1CM COMPLETE PURCHASE AND SALE OF 5 RETAIL STORES IN ALBERTA AND SASKATCHEWAN SNDL Inc. has completed the acquisition of five cannabis retail stores located in Alberta and Saskatchewan from 1CM Inc. The transaction represents the completion of the first closing pursuant to the amended and restated arrangement agreement dated Dec. 15, 2025. As previously announced, it is anticipated that the second (and final) closing will occur some time in the first half of 2026 in respect of 27 additional cannabis retail stores located in Ontario, subject to obtaining the required regulatory approvals. About SNDL Inc. SNDL, through its wholly owned subsidiaries, is one of the largest vertically integrated cannabis companies and the largest private-sector liquor and cannabis retailer in Canada, with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. With products available in licensed cannabis retail locations nationally, SNDL's consumer-facing cannabis brands include Top Leaf, Contraband, Palmetto, Bon Jak, La Plogue, Versus, Value Buds, Grasslands, Vacay, Pearls by Gron, No Future and Bhang Chocolate. SNDL's investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the North American cannabis industry. About 1CM Inc. 1CM is a retailer of cannabis and liquor in Canada with a record of developing cash flow positive locations. 1CM's business strategy is to continue to develop new cannabis and liquor retail locations through organic growth and merger and acquisition transactions. We seek Safe Harbor.