SNDL Completes Parallel (Surterra) Asset Acquisition via Secured Creditor Foreclosure
July 27, 2026
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.
- Buyers
- SNDL Inc., Sunstream Bancorp Inc., CDXX TransCo, LLC
- Targets
- Surterra Holdings, Inc., Surterra Holdings, Inc.'s affiliates (collectively “Parallel”), SH Parent, Inc., CDXX TransCo, LLC (TransactionCo and subsidiaries acquiring Parallel assets)
- Sellers
- SH Parent, Inc., Surterra Holdings, Inc., their subsidiaries (collectively, “Parallel”), as parties in the foreclosure agreement, CDXX TransCo, LLC and participating Parallel creditors (creditor-side parties participating in the foreclosure/contribution-exchange process)
- Industry
- Consumer Products
- Location
- United States
- Transaction Type
- Buyout
Explore More
Build a buyer list for your deal
Find active buyers from recent acquisition patterns and move straight into outreach.