Deal Snapshot
Sundial Growers Closes CDN 131m Acquisition of Spiritleaf Retail Cannabis Network
Thursday 22 July 2021

Alberta-based cannabis company Sundial Growers Inc. (NASDAQ: SNDL) has closed the acquisition of all issued and outstanding shares of Canadian recreational cannabis company Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF) and its Spiritleaf retail network for a total consideration of approximately CDN 131m (USD 107.5m), the company said.

Under the terms of the deal, Inner Spirit's shareholders will receive, for each Inner Spirit common share held, USD 0.30 in cash and 0.0835 of a Sundial common, for total consideration of USD 0.39 per Inner Spirit common share.

Date Published: 22/07/2021