SNDL Inc. announces agreement to acquire The Valens Company
August 22, 2022
138.00 Million CAD
On August 22, 2022, SNDL Inc. (SNDL) announced they have entered into an agreement to acquire The Valens Company (Valens), in which, pursuant to the terms of the Agreement, SNDL will acquire 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 company headquartered in Calgary, Alberta.
The Valens Company is a Kelowna, British Columbia- based manufacturer of cannabis products and processing service provider.
McCarthy Tétrault is advising SNDL Inc. with a team led by Ranjeev Dhillon and Rami Chalabi that includes Matthew Sanders, Ivor Selimovic, Gurvir Sangha, Mitchell Lui (M&A), Mattew 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).