SNDL Inc. (NASDAQ: SNDL) completed the previously disclosed acquisition of all of the issued and outstanding common shares of The Valens Company Inc. (NASDAQ: VLNS) (TSX:VLNS), 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 CA$138 million ($103 million) consisting of common shares of SNDL and assumption of Valens' CA$60 million non-revolving term loan facility.

With approximately CA$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. The combined company will operate as SNDL Inc., headquartered in Calgary, Alberta.

Key Transaction Highlights

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