SNDL & 1CM Complete Purchase and Sale of 5 Retail Stores in Alberta and Saskatchewan
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.
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News Market Reaction – SNDL
On the day this news was published, SNDL declined 0.61%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SNDL fell 1.75% while peers showed mixed moves: MGPI -2%, BLNE -5.67%, CASK +11.11%, WVVIP +1.62%, STKL 0%. This points to stock-specific factors rather than a unified sector move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jul 31 | Annual meeting results | Positive | -4.1% | Shareholders approved directors, auditors, and equity plans with strong support. |
| Jul 31 | Earnings results | Positive | +19.4% | First positive operating income and revenue growth across cannabis and liquor. |
| Jul 10 | Earnings date notice | Neutral | -2.1% | Company scheduled Q2 2025 results release and investor conference call. |
Earnings-related news previously produced a strong positive reaction, while corporate and meeting updates saw negative or muted responses.
Over the past months, SNDL reported strong Q2 2025 results, with net revenue of $244.8 million, gross profit of $67.6 million, and operating income of $5.0 million, alongside plans to acquire 32 cannabis retail stores. An earlier announcement of the earnings date saw a modest share price decline, while the actual earnings release led to a 19.44% gain. Later, shareholders approved all resolutions at the 2025 Annual and Special Meeting, but the stock declined 4.07%. Today’s store-closing news fits into this ongoing retail expansion strategy.
Market Pulse Summary
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.
AI-generated analysis. Not financial advice.
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
What did SNDL announce on January 7, 2026 about store acquisitions?
How many additional stores are expected in the second closing for SNDL (NASDAQ: SNDL)?
When is SNDL’s second closing for the remaining 27 Ontario stores expected to occur?
From which company did SNDL acquire the five stores announced January 7, 2026?
Are regulatory approvals required for SNDL’s planned Ontario store acquisitions (27 stores)?
