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

Dow Jones04-09

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)

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