SNDL Inc. acquires The Valens Company
January 17, 2023
138.00 Million CAD
On January 17, 2023, SNDL Inc. ("SNDL") completed the previously announced acquisition of The Valens Company ("Valens"), in which, pursuant to the terms of the Agreement, SNDL acquired all of the issued and outstanding common shares of Valens by way of a statutory plan of arrangement for total consideration of approximately C$138 million.
SNDL Inc. is a cannabis and liquor company headquartered in Calgary, Alberta.
The Valens Company is a Kelowna, British Columbia- based manufacturer of cannabis products and processing service provider.
McCarthy Tétrault advised SNDL Inc. with a team led by Ranjeev Dhillon and Rami Chalabi that included Matthew Sanders, Ivor Selimovic, Gurvir Sangha, Mitchell Lui (M&A), Matthew Kraemer, Prince Arora (Tax), Vincent Yip (Intellectual Property), Michael Scherman (Information Technology and Privacy), Debbie Salzberger, Gideon Kwinter (Competition/Antitrust), Selina Lee-Andersen (Environmental), Patrick Pengelly, Donovan Plomp, Lauren Soubolsky, Abby Nann, Nicole Naglie (Labour & Employment), Kelleher Lynch, Julia Miller (Pensions), Sarit Pandya, Patrick Beechinor (Real Property), Ian Mak and William Lee (Financial Services).