SNDL Inc., a company operating in the Canadian adult-use cannabis market, has completed the acquisition of five cannabis retail stores. The locations are in Alberta and Saskatchewan. This transaction represents the first closing under an amended agreement with 1CM Inc.
The amended agreement, announced on December 15, 2025, outlines plans to acquire a total of 32 cannabis retail stores. The total cash consideration remains $32.2 million. The deal is structured in two separate closings to meet regulatory approval requirements. The acquisition of 27 stores in Ontario is pending regulatory approvals and is expected to be finalized later.
In its third-quarter 2025 financial report, SNDL delivered a record quarterly free cash flow of $16.7 million. For the first nine months of the year, the company generated a positive cumulative free cash flow of $7.7 million. Net revenue increased by 3.1% year over year to $244 million. The company noted strength in its Cannabis segment offset challenges in its Liquor Retail business.
SNDL operates through a diversified business model that includes Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. The company is involved in the production, distribution, and sale of cannabis products.