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Announced

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SNDL completed the acquisition of Superette for $25m.

Synopsis

SNDL, a liquor and cannabis retailer, completed the acquisition of Superette, a company selling cannabis and non-cannabis branded merchandise, for $25m. "We are pleased with the conclusion of the CCAA proceedings and are excited by the opportunity to bring stability to the Superette Group's business. As industry challenges persist, we see strategic opportunities to grow our retail banners through M&A activity where appropriate within our cannabis retail portfoli. Superette has received global recognition with its creative approach to retail and experiential and community-based marketing initiatives. The SNDL team is delighted to welcome the Superette brand to further enhance our cannabis retail operations and offerings while increasing our exposure in the Ontario market," Zach George, SNDL CEO.

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