On June 18, 2025, 1CM Inc. announced that the Ontario Superior Court of Justice (Commercial List) approved its plan of arrangement with SNDL Inc. This approval is a key step towards SNDL's acquisition of 32 cannabis retail stores operating under the Cost Cannabis and T Cannabis banners.
The acquisition, which was initially announced on April 9, 2025, will expand SNDL's cannabis retail footprint across Ontario, Alberta, and Saskatchewan. Completion of the arrangement remains subject to the satisfaction of certain closing conditions, including outstanding regulatory approvals.
The transaction is expected to be completed in the third quarter of 2025. This court approval brings SNDL closer to integrating these new locations, which generated $53 million in annual revenue for 1CM's fiscal year ended August 31, 2024, into its growing retail network.
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