On April 9, 2025, SNDL Inc. announced it has entered into an arrangement agreement to acquire 32 cannabis retail stores from 1CM Inc. The transaction, valued at $32.2 million in cash, includes stores operating under the Cost Cannabis and T Cannabis banners in Ontario, Alberta, and Saskatchewan.
These 1CM stores generated an aggregate annual revenue of $53 million for the fiscal year ended August 31, 2024, with 30 active stores at that time. The acquisition will increase SNDL's total owned and franchised cannabis retail store count to 219.
This expansion is expected to reinforce SNDL's leadership in the Canadian cannabis retail market by increasing its exposure to a broad consumer base in key markets. The transaction is anticipated to close by the end of the third quarter of 2025, subject to customary closing conditions including court and regulatory approvals.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.