SNDL Acquires Remaining Minority Interest in Nova Cannabis

SNDL Completes Parallel (Surterra) Asset Acquisition via Secured Creditor Foreclosure

July 27, 2026

Consumer Products

SNDL Inc. completed its acquisition of certain U.S. cannabis assets from Surterra Holdings and affiliates (collectively “Parallel”) through a strict foreclosure. The transaction gives SNDL assets in Florida, Texas, and Massachusetts (56 retail locations and three cultivation/manufacturing facilities), with indirect majority economic exposure via its Sunstream Bancorp joint venture.

Canopy Growth Completes Acquisition of MTL Cannabis

March 16, 2026

Healthcare Services

Canopy Growth Corporation completed its previously announced arrangement to acquire all issued and outstanding common shares of MTL Cannabis Corp., making MTL a wholly owned subsidiary. The deal strengthens Canopy Growth’s Canadian medical cannabis platform and expands premium flower supply and operations to better serve regulated international medical markets, including Europe.

SNDL Acquires Indiva’s Cannabis Edibles Business and Assets

November 4, 2024

Healthcare Services

SNDL Inc. has successfully closed the acquisition of Indiva Limited’s business and assets under Indiva’s CCAA proceedings. The deal includes Indiva’s 40,000-square-foot cannabis edibles production facility in London, Ontario, along with a portfolio of brands and SKUs intended to expand SNDL’s position in the infused edibles category.

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.

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.

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.