Mergers & Acquisitions
By The Online Investor Staff, updated Sun., Jan. 29, 5:03 PM
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Slide #51. SNDL Inc. — The Valens Company Inc.
Acquirer:
SNDL Inc. (SNDL)
Acquiree:
The Valens Company Inc. (VLNS.CA)
Details:
SNDL Inc. (Nasdaq: SNDL) ("SNDL" the "Company") is pleased to announce the completion of the previously disclosed acquisition of all of the issued and outstanding common shares ("Valens Shares") of The Valens Company Inc. (TSX: VLNS) (Nasdaq: VLNS) ("Valens"), other than those held by SNDL and its subsidiaries, pursuant to a plan of arrangement under the Canada Business Corporations Act (the "Transaction"), for total consideration of approximately $138 million2 consisting of common shares of SNDL ("SNDL Shares") and assumption of Valens' $60 million non-revolving term loan facility. All financial information in this press release is reported in Canadian dollars unless otherwise indicated.
SNDL is a licensed producer that grows cannabis using indoor facilities. Co.'s primary focus has been on producing and distributing inhalable products and brands (flower, pre-rolls and vapes). Co. is marketing its adult-use products under its Top Leaf (Premium), Sundial Cannabis (Premium Core), Palmetto (Core) and Grasslands (Value) brands.
Open the SNDL Page at The Online Investor »
SNDL is a licensed producer that grows cannabis using indoor facilities. Co.'s primary focus has been on producing and distributing inhalable products and brands (flower, pre-rolls and vapes). Co. is marketing its adult-use products under its Top Leaf (Premium), Sundial Cannabis (Premium Core), Palmetto (Core) and Grasslands (Value) brands.
Open the VLNS.CA Page at The Online Investor »
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