SNDL Inc. has successfully completed the acquisition of 5 cannabis retail stores located in Alberta and Saskatchewan from 1CM Inc., according to the latest company announcement. The transaction represents the completion of the first closing pursuant to the amended and restated arrangement agreement dated December 15, 2025. As reported by Stockwatch, the deal officially closed on January 7, 2026, marking the initial phase of a larger strategic expansion between the two cannabis retailers.
The companies anticipate a second and final closing will occur sometime in the first half of 2026, involving 27 additional cannabis retail stores located in Ontario. According to the latest announcement from Mr. Tomas Bottger of SNDL, this second phase remains subject to obtaining the required regulatory approvals. The completion of both phases would significantly expand SNDL's retail footprint across multiple Canadian provinces, adding a total of 32 new locations to its existing network.
SNDL Inc., through its wholly owned subsidiaries, operates as one of the largest vertically integrated cannabis companies and the largest private-sector liquor and cannabis retailer in Canada. The company's retail banners include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. SNDL's consumer-facing cannabis brands include Top Leaf, Contraband, Palmetto, Bon Jak, La Plogue, Versus, Value Buds, Grasslands, Vacay, Pearls by Grön, No Future and Bhang Chocolate. 1CM Inc. positions itself as a retailer of cannabis and liquor in Canada with a record of developing cash flow positive locations.
The acquisition aligns with 1CM's business strategy to continue to develop new cannabis and liquor retail locations through organic growth and merger and acquisition transactions. For SNDL, the transaction expands its already extensive retail network, with products available in licensed cannabis retail locations nationally across Canada. According to the companies, SNDL's investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the North American cannabis industry.
