Welcome to our dedicated page for 1CM news (Ticker: MILFF), a resource for investors and traders seeking the latest updates and insights on 1CM stock.
1CM Inc. (OTCQB: MILFF) generates news primarily around its cannabis and liquor retail operations in Canada, corporate transactions, and governance updates. The company describes itself as a retailer of cannabis and liquor with a track record of developing cash-flow positive locations, and its announcements often focus on store openings, retail expansion and strategic agreements.
News releases have detailed 1CM’s entry into new provincial markets for cannabis retail, including the opening of stores in Alberta and operations across provinces such as Alberta, British Columbia, New Brunswick, Saskatchewan and Ontario. The company has also issued news about expanding its liquor division, including the opening of liquor stores in Creighton, Saskatchewan and Lloydminster, Alberta following the acquisition of liquor permits and licenses.
A significant portion of recent coverage relates to 1CM’s arrangement agreement with SNDL Inc., under which SNDL agreed to acquire 32 cannabis retail stores operating under the Cost Cannabis and T Cannabis banners. Updates have included shareholder approvals, court orders, amendments to the arrangement agreement, and confirmation of the first closing involving the sale of five cannabis retail stores in Alberta and Saskatchewan, with a second closing anticipated for additional Ontario stores subject to regulatory approvals.
Corporate governance and management items also appear in the news flow, such as the appointment of a new Chief Financial Officer. By following this news feed, readers can review historical announcements on store openings, liquor and cannabis retail expansion, transaction milestones with SNDL, shareholder meeting outcomes and key leadership changes affecting 1CM’s retail-focused business.
1CM (CSE: EPIC / OTCQB: MILFF / FSE: IQ70) announced on January 7, 2026 that Antony Pramoth has been appointed Chief Financial Officer, effective immediately. Mr. Pramoth succeeds Harshil Chovatiya, who served as CFO since February 24, 2023. Mr. Pramoth joined 1CM in October 2023 and is promoted from within the company.
This is an immediate, internal leadership change for the finance function at 1CM.
SNDL (NASDAQ: SNDL) completed the acquisition of 5 cannabis retail stores in Alberta and Saskatchewan from 1CM (CSE: EPIC) on January 7, 2026. This closing represents the first closing under the amended and restated arrangement agreement dated December 15, 2025. A second and final closing for an additional 27 stores in Ontario is anticipated in the first half of 2026, subject to required regulatory approvals.
The transaction adds physical retail locations in Western Canada now, with broader Ontario expansion dependent on regulatory clearance.
SNDL (NASDAQ: SNDL) and 1CM (CSE: EPIC / OTCQB: MILFF) entered an amended and restated arrangement agreement dated December 15, 2025 to complete SNDL's acquisition of 32 cannabis retail stores for an aggregate purchase price of $32.2 million cash.
The transaction will close in two stages: a First Closing for 5 stores for $5.0 million (SNDL paid a $2.0 million non-refundable deposit), and a Second Closing for the remaining 27 Ontario stores for $27.2 million. The outside completion date is extended to May 31, 2026. 1CM will seek a court variation on January 5, 2026. 1CM expects any Return of Capital to follow the Second Closing.
1CM Inc. (MILFF) has announced the mailing of its management information circular for the upcoming annual and special meeting of shareholders on June 16, 2025. The meeting will consider a previously announced plan of arrangement with SNDL Inc. to acquire 32 cannabis retail stores operating under Cost Cannabis and T Cannabis banners across Ontario, Alberta, and Saskatchewan for $32.2 million in cash.
The company has received an interim court order from the Ontario Superior Court of Justice on May 6, 2025, authorizing the meeting proceedings. Directors and senior officers holding approximately 12.9% of 1CM's common shares have committed to voting in favor of the arrangement. The transaction is expected to close in Q3 2025, subject to shareholder approval and other conditions.
SNDL Inc. has entered into an agreement to acquire 32 cannabis retail stores from 1CM Inc. (MILFF) for $32.2 million in cash. The acquisition includes Cost Cannabis and T Cannabis locations across Ontario (27 stores), Alberta (2 stores), and Saskatchewan (3 stores).
The stores generated $53 million in annual revenue for the fiscal year ended August 31, 2024, with 30 active stores at year-end. This acquisition will expand SNDL's retail network to 219 total owned and franchised cannabis stores.
The transaction is expected to close by the end of Q3 2025, subject to court approval, regulatory approvals, and 1CM shareholder approval at a Special Meeting planned for June 2025. 1CM's board unanimously recommends shareholders vote in favor, with directors and senior officers holding 12.9% of shares already committed to supporting the deal.
Summary not available.
Summary not available.
Summary not available.