12:24 PM EST - SNDL Inc : Announces the completion of the previously disclosed acquisition of all of the issued and outstanding common shares of The Valens Company Inc., 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 $138 million consisting of common shares of SNDL 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. With approximately $262.5 million3 in net cash and no debt, SNDL will continue to have one of the strongest balance sheets in the North American cannabis industry. SNDL Inc
shares N.SNDL are trading -$0.01 at $2.34.
Full Press Release: https://www.baystreet.ca/quotedata/quote.aspx?ticker=SNDL&qmodStoryID=8629669549132832
