Sndl Announces Agreement To Acquire The Valens Company To Create Leading Vertically Integrated Cannabis Platform
Sndl Announces Agreement To Acquire The Valens Company To Create Leading Vertically Integrated Cannabis Platform
08/22/22, 1:43 PM
Location
calgary
hod hasharonIndustry
manufacturing
SNDL Inc. (Nasdaq: SNDL) ("SNDL") and The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) ("Valens") are pleased to announce today that they have entered into an arrangement agreement (the "Agreement") to combine their businesses and create a leading vertically integrated cannabis platform. Pursuant to the terms of the Agreement, SNDL will acquire all of the issued and outstanding common shares of Valens ("Valens Shares"), other than those owned by SNDL and its subsidiaries, by way of a statutory plan of arrangement (the "Transaction"). All financial information in this press release is reported in Canadian dollars unless otherwise indicated.
Company Info
Location
Calgary, Alberta, Canada
Company info
SNDL is a public company whose shares are traded on Nasdaq under the symbol "SNDL."
SNDL is 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.
SNDL is a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada specializing in low-cost biomass sourcing, premium indoor cultivation, product innovation, low-cost manufacturing facilities, and a cannabis brand portfolio that includes Top Leaf, Contraband, Citizen Stash, Sundial Cannabis, Palmetto, Bon Jak, Spiritleaf Selects, Versus Cannabis, Value Buds, Vacay and Grasslands.
Please reach out to our investor relations department at investors@sndl.com with any investor-related questions.