Create a free Cannabis Equipment News account to continue

SNDL Completes Acquisition of The Valens Company

The combined company will operate as SNDL Inc., headquartered in Calgary, Alberta.

I Stock 1313663860
iStock

SNDL announced the completion of the previously disclosed acquisition of all of the issued and outstanding common shares of The Valens Company, other than those held by SNDL and its subsidiaries, pursuant to a plan of arrangement under the Canada Business Corporations Act, for total consideration of approximately CAD$138 million consisting of common shares of SNDL and assumption of Valens' CAD$60 million non-revolving term loan facility.

With approximately CAD$262.5 million in net cash and no debt, SNDL will continue to have one of the strongest balance sheets in the North American cannabis industry. SNDL will also have the highest pro forma consolidated net revenue among all Canadian cannabis companies based on the last fiscal quarter of each company on an annualized basis. The combined company will operate as SNDL Inc., headquartered in Calgary, Alberta.

More in News