Canada-based cannabis producer Sundial Growers (SNDL) has signed an agreement to acquire Canadian liquor retailer Alcanna Inc. (TSE:CLIQ) for approximately $346 million. Following the announcement, Sundial’s shares soared 16.7% in extended trade on Thursday to close at $0.76. Alcanna operates 171 locations primarily in Alberta under its brands Ace Liquor, Liquor Depot and Wine and Beyond. As per the agreement, for each common share, Alcanna shareholders will receive 10.69 common shares of Sundial based on the trailing 10-day volume-weighted average price.
https://www.tipranks.com/news/sundial-growers-to-acquire-alcanna-for-346m-shares-jump-16-7?utm_source=advfn.com&utm_medium=referral
Sundial Growers (NASDAQ:SNDL)
Historical Stock Chart
From Oct 2021 to Nov 2021 Click Here for more Sundial Growers Charts.
Sundial Growers (NASDAQ:SNDL)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Sundial Growers Charts.