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., marking 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 across Western Canada and sets the stage for further growth into Ontario.

Key Details

• Acquired Assets: Five cannabis retail stores located in Alberta and Saskatchewan.
• Seller: 1CM Inc. (CSE: EPIC, OTCQB: MILFF, FSE: IQ70).
• Transaction Structure: First closing under the amended & restated Arrangement Agreement dated December 15 2025; consideration 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 vertically integrated model and expands its presence in key Canadian markets, supporting growth of its retail banners (Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf) and cannabis brands (Top Leaf, Contraband, Palmetto, etc.).
• Regulatory Conditions: Completion of the second closing contingent upon obtaining required approvals from provincial regulators.

Notable Quotes

(No direct quotes were provided in the release.)