Calgary-based Sundial Growers has acquired Canada’s largest private liquor retailer, Alcanna Inc.
“Alcanna’s value-focused model in liquor retailing has created market stability and we believe that the replication of this playbook in cannabis has strong potential to drive a similar result. We intend to position all of our retail exposure for profitability and strive to work with Canadian licensed producers in order to delight consumers with quality cannabis products,” George noted.
The deal is expected to close in December and will make Sundial a cannabis retail leader in the country, owning or operating more than 170 stores.
In July, Sundial acquired Inner Spirit Holdings Ltd . and its more than 100 Spiritleaf retail locations in a $131 million deal.
According to a release from Sundial, it is expected that Alcanna will supplement Sundial’s Spiritleaf retail operations and the transaction will deliver more than
Read full article on The Growth Op
