SNDL & 1CM Complete Purchase and Sale of 5 Retail Stores in Alberta and Saskatchewan

SNDL (NASDAQ: SNDL) completed the acquisition of 5 cannabis retail stores in Alberta and Saskatchewan from 1CM (CSE: EPIC) on January 7, 2026.

Rhea-AI Summary

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.

Argus Jan 8 session

-0.61% close to close Open Argus

Details

News Market Reaction – SNDL

On Jan 8, the first trading day after this news, SNDL closed 0.61% below the previous close.

Data tracked by StockTitan Argus for the Jan 8 session.

Market Context

This announcement advances SNDL’s retail expansion, confirming closing of 5 cannabis stores in Alber...

Analysis

This announcement advances SNDL’s retail expansion, confirming closing of 5 cannabis stores in Alberta and Saskatchewan, with 27 Ontario locations expected in the first half of 2026. It follows prior disclosure of plans to acquire 32 stores alongside Q2 2025 results that showed $244.8 million in net revenue and positive operating income. Investors may monitor future updates on the second closing, store performance, and how these assets contribute to margins and overall profitability.

Key Figures

Stores acquired: 5 cannabis retail stores Planned additional stores: 27 cannabis retail stores Planned acquisition: 32 cannabis retail stores +5 more

Stores acquired

5 cannabis retail stores

Completed purchase in Alberta and Saskatchewan

Planned additional stores

27 cannabis retail stores

Expected second closing in Ontario, first half of 2026

Planned acquisition

32 cannabis retail stores

Strategic initiative noted in Q2 2025 results

Net revenue

$244.8 million

Q2 2025 financial results

Gross profit

$67.6 million

Q2 2025 financial results

Gross margin

27.6%

Q2 2025 financial results

Operating income

$5.0 million

Q2 2025, first positive operating income

Unrestricted cash

$208.2 million

Q2 2025 balance sheet

Historical Context

3 past events · Latest: Jul 31

3 events

1. Jul 31

   Annual meeting results

   24h Move

   -4.1%

   Shareholders approved directors, auditors, and equity plans with strong support.

2. Jul 31

   Earnings results

   24h Move

   +19.4%

   First positive operating income and revenue growth across cannabis and liquor.

3. Jul 10

   Earnings date notice

   24h Move

   -2.1%

   Company scheduled Q2 2025 results release and investor conference call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

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Edmonton, Alberta and Toronto, Ontario--(Newsfile Corp. - January 7, 2026) - SNDL Inc. (NASDAQ: SNDL) (CSE: SNDL) ("SNDL") and 1CM Inc. (CSE: EPIC) (OTCQB: MILFF) (FSE: IQ70) ("1CM") are pleased to announce that SNDL has completed the acquisition of 5 cannabis retail stores located in Alberta and Saskatchewan from 1CM.

The transaction represents the completion of the first closing pursuant to the amended and restated arrangement agreement dated December 15, 2025 (the "A&R Arrangement Agreement"). As previously announced, it is anticipated that the second (and final) closing will occur sometime in the first half of 2026, in respect of 27 additional cannabis retail stores located in Ontario, subject to obtaining the required regulatory approvals.

ABOUT SNDL INC.

SNDL Inc. (NASDAQ: SNDL) (CSE: SNDL), through its wholly owned subsidiaries, is one of the largest vertically integrated cannabis companies and the largest private-sector liquor and cannabis retailer in Canada, with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds and Spiritleaf. With products available in licensed cannabis retail locations nationally, 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. SNDL's investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the North American cannabis industry. For more information, please visit www.sndl.com.

ABOUT 1CM INC.

1CM Inc. is a retailer of cannabis and liquor in Canada with a track record of developing cash-flow positive locations. 1CM's business strategy is to continue to develop new cannabis and liquor retail locations through organic growth and merger and acquisition transactions. For more information, please visit www.1CMinc.com.

For more information contact:

For SNDL:

Tomas Bottger
SNDL Inc.
O: 1.587.327.2017
E: investors@sndl.com

For 1CM:

Harshil Chovatiya
1CM Inc.
O: 1.717.888.8889
E: info@1cminc.com

Forward-Looking Information

This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"), including, but not limited to, statements regarding the anticipated closing, and timing thereof, of the purchase and sale of the Ontario stores. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "likely", "outlook", "forecast", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release, including that the required regulatory approvals will be obtained. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. Please see "Risk Factors" in SNDL's Annual Information Form dated March 17, 2025, and the risk factors included in the parties' other public disclosure documents, including the risk factors discussed in 1CM's annual and quarterly management's discussion and analysis, for a discussion of the material risk factors that could cause actual results to differ materially from the forward-looking information. Neither SNDL nor 1CM are under any obligation, and each expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.   

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/279748

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did SNDL announce on January 7, 2026 about store acquisitions?

SNDL announced it completed the purchase of 5 cannabis retail stores in Alberta and Saskatchewan from 1CM.

How many additional stores are expected in the second closing for SNDL (NASDAQ: SNDL)?

The second closing is expected to include 27 additional cannabis retail stores in Ontario, subject to regulatory approvals.

When is SNDL’s second closing for the remaining 27 Ontario stores expected to occur?

The second and final closing is anticipated to occur sometime in the first half of 2026, pending required approvals.

From which company did SNDL acquire the five stores announced January 7, 2026?

SNDL acquired the five stores from 1CM as part of the amended and restated arrangement agreement dated December 15, 2025.

Are regulatory approvals required for SNDL’s planned Ontario store acquisitions (27 stores)?

Yes, the planned acquisition of 27 Ontario stores is subject to obtaining the required regulatory approvals before closing.