On April 9, 2025, SNDL Inc. announced an agreement to acquire Cost Cannabis and T Cannabis retail locations from 1CM Inc., aiming to expand its cannabis retail footprint in Canada. The transaction is expected to close in the second quarter of 2025, pending regulatory approvals and customary closing conditions. The transaction value was not disclosed in the announcement. At the time of the announcement, the exchange rate was approximately 1 USD = 1.25 CAD.

This strategic acquisition aligns with SNDL's objective to strengthen its position in the Canadian cannabis retail market by adding established retail locations to its portfolio. The acquired stores are anticipated to operate under SNDL's existing retail banners, enhancing the company's market presence and customer reach.

The announcement did not specify the legal advisors or underwriters/agents/dealers involved in the transaction. Therefore, no information regarding these roles is available at this time.

This acquisition underscores SNDL's commitment to expanding its retail operations and delivering enhanced value to its customers across Canada.