SNDL Expands Cannabis Retail Footprint With C$32.2M Acquisition of 1CM Stores

Dow Jones

04-09

By Adriano Marchese

Cannabis company SNDL has agreed to acquire 32 cannabis retail stores from 1CM for 32.2 million Canadian dollars ($22.6 million).

The majority of the stores are located in the Canadian province of Ontario, with two stores in Alberta and three stores in Saskatchewan, said Toronto-based SNDL and Edmonton, Alberta-based 1CM on Wednesday. Together the locations generated an aggregate of C$53 million in the fiscal year ended Aug. 31, the companies said.

The addition of the new stores brings SNDL's owned and franchised cannabis retail-store count to 219.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

April 09, 2025 09:00 ET (13:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Together the locations generated an aggregate of C$53 million in the fiscal year ended Aug. 31, the companies said. \n\n\n  The addition of the new stores brings SNDL's owned and franchised cannabis retail-store count to 219. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  April 09, 2025 09:00 ET (13:00 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation,merge","news_rank":0,"symbols":[],"gpt_button":1,"code":"91000000","status":"200"}}}