1CM Acquired by SNDL | Consumer M&A Deal

SNDL has not completed the acquisition of 1CM, a consumer other business in Ontario, for $32.2 million in cash. SNDL acquisitions were intended to bring 1CM’s Ontario cannabis retail stores under the Cost Cannabis and T Cannabis banners, expanding consumer M&A in regulated cannabis retail. 1CM operates cannabis dispensaries across Ontario, Alberta, and Saskatchewan, and SNDL acquires 1CM to secure additional retail footprint tied to provincial approvals. The strategic acquisition was structured in two stages under an amended and restated arrangement agreement, but prolonged Ontario regulatory review prevented the second closing for 27 stores and led to termination, with deal value also referenced at $27.2 million and an outside date of May 31, 2026.