Sundial Growers to acquire Inner Spirit Holdings for $106m.

Sundial Growers, a licensed producer that crafts cannabis, agreed to acquire Inner Spirit Holdings, a retailer and franchisor of Spiritleaf recreational cannabis stores across Canada, for $106m. "Sundial becomes a stronger and more diverse cannabis company by acquiring Inner Spirit and the Spiritleaf retail store network. Inner Spirit has successfully created a franchise-based retail network that has grown from coast to coast and offers a differentiated and premium in-store experience to consumers. Our shared Albertan roots and commitment to data-driven consumer insights make for an ideal partnership. Sundial's capital base will enable us to support continued expansion and deepen the capabilities of the Spiritleaf retail brand," Zach George, Sundial CEO.