SNDL Inc. Acquires Remaining Shares of Nova Cannabis Inc.

SNDL Inc. Acquires The Valens Company

January 17, 2023

Consumer Products

SNDL Inc. completed the previously disclosed acquisition of The Valens Company Inc. in an all‑stock transaction valued at approximately CAD 138 million (plus assumption of a CAD 60 million term loan), issuing ~27.6 million SNDL shares to former Valens shareholders. The deal brings Valens' extraction, processing, manufacturing and lab capabilities into SNDL's vertically integrated cannabis platform and is expected to deliver cost synergies and expand SNDL's branded product offering and low‑cost manufacturing capacity.

SNDL Inc. Acquires Indiva Limited

November 4, 2024

Consumer Products

SNDL Inc. completed the acquisition of Indiva Limited's business and assets through a court-approved transaction under the Companies' Creditors Arrangement Act (CCAA). The deal, valued at an estimated $22.7 million in consideration (primarily a credit bid of Indiva's indebtedness plus cash to repay priority claims), adds Indiva's London, Ontario production facility and a portfolio of edibles brands and SKUs to SNDL's operations to expand its infused edibles capabilities.

Sundial Growers Acquires Alcanna Inc.

October 7, 2021

Retail

Sundial Growers Inc. agreed to acquire all outstanding shares of Alcanna Inc. in an all-stock plan of arrangement valued at approximately C$346 million, giving Alcanna shareholders Sundial common shares. The deal expands Sundial's retail footprint into liquor (Alcanna operates 171 store locations) and increases its exposure to cannabis retail through Alcanna's interest in Nova Cannabis, with expected synergies and improved cash generation.

Sproutly Acquires Assets of CannaHive Inc.

August 16, 2021

Food & Beverage

Sproutly Canada, Inc. has acquired the primary assets of CannaHive Inc., giving Sproutly pharmaceutical-grade, fully automated equipment to produce cannabis edibles (gummies and chocolates) at scale. The asset acquisition gives Sproutly in-house manufacturing capability and improved economics to support a national launch of its whole-plant confectionary products in Canada.

Curaleaf Holdings Acquires Northern Green Canada

March 19, 2024

Pharmaceuticals

Curaleaf Holdings, Inc. has signed a deal to acquire Northern Green Canada, an EU-GMP certified Canadian licensed cannabis producer, to secure high-quality indoor EU-GMP flower supply and bolster Curaleaf's European and Australasian expansion. The acquisition is expected to close in Q2 2024 pending regulatory approvals and will strengthen Curaleaf's supply chain for key markets including Germany, Australia/New Zealand and the U.K.

Canopy Growth Acquires The Supreme Cannabis Company

April 8, 2021

Consumer Products

Canopy Growth Corporation agreed to acquire all outstanding shares of The Supreme Cannabis Company in an all‑share arrangement valuing the transaction at approximately C$435 million on a fully diluted basis. The deal adds Supreme’s premium brands (including 7ACRES) and a scalable Kincardine cultivation facility to Canopy’s portfolio, strengthening Canopy’s Canadian market position and providing operational and brand synergies.