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    SNDL   CA83307B1013

SNDL INC.

(SNDL)
  Report
Real-time Estimate Cboe BZX  -  03:27 2022-11-29 pm EST
2.585 USD   +2.58%
11/23Sndl : Investor Day Presentation
PU
11/22High Tide Gains 10% as Says Becomes Largest Revenue-generating Cannabis Firm As Per New Cannabis Ventures
MT
11/22The Valens Company Brief: Both Institutional Shareholder Services and Glass Lewis & Co. Recommend Shareholders of Co Vote For Proposed Arrangement With SNDL Inc.
MT
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Pot company SNDL to acquire the Valens Company in all-stock transaction

08/22/2022 | 10:22am EST

CALGARY — Pot shop owner SNDL Inc. says it will acquire cannabis manufacturer the Valens Company Inc. and combine the businesses in an all-stock transaction it valued at $138 million.

Under the deal, SNDL will acquire all of the issued and outstanding common shares of Valens other than those owned by SNDL and its subsidiaries.

Valens shareholders will receive 0.3334 of a common share of SNDL for every Valens share they own.

SNDL says the offer implies a value of $1.26 per Valens share, representing a 10 per cent premium on Valens' trailing 30-day volume-weighted average price.

The companies believe their merger will deliver more than $10 million in annual savings and increase SNDL's overall cannabis market share to 4.5 per cent.

SNDL, which is behind the Value Buds and Spiritleaf brands, says the transaction is expected to close in January.

This report by The Canadian Press was first published Aug. 22, 2022.

© 2022 The Canadian Press. All rights reserved., source Canadian Press DataFile

Stocks mentioned in the article
ChangeLast1st jan.
SNDL INC. 2.78% 2.5804 Delayed Quote.-56.42%
THE VALENS COMPANY INC. 10.28% 1.18 Delayed Quote.-65.59%
All news about SNDL INC.
11/23Sndl : Investor Day Presentation
PU
11/22High Tide Gains 10% as Says Becomes Largest Revenue-generating Cannabis Firm As Per New..
MT
11/22The Valens Company Brief: Both Institutional Shareholder Servic..
MT
11/22High Tide Says Becomes Largest Revenue-generating Firm Reporting in Canadian Dollars Pe..
MT
11/16SNDL Renews Share-Repurchase Program
MT
11/16SNDL Announces Renewal of Share Repurchase Program
PR
11/16SNDL Inc. announces an Equity Buyback for 11,800,000 shares, representing 5% for CAD 10..
CI
11/16SNDL Inc. authorizes a Buyback Plan.
CI
11/16SNDL Inc. initiates a Market Repurchase.
CI
11/15SunStream Bancorp Provides Follow-on Funding to SKYMINT
PR
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Analyst Recommendations on SNDL INC.
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Financials
Sales 2022 707 M 526 M 526 M
Net income 2022 -214 M -159 M -159 M
Net Debt 2022 296 M 220 M 220 M
P/E ratio 2022 -4,08x
Yield 2022 -
Capitalization 802 M 596 M 596 M
EV / Sales 2022 1,55x
EV / Sales 2023 1,07x
Nbr of Employees 580
Free-Float 99,9%
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Technical analysis trends SNDL INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 3,39 CAD
Average target price 4,63 CAD
Spread / Average Target 36,5%
EPS Revisions
Managers and Directors
Zachary Ryan George Chief Executive Officer & Director
Andrew Stordeur President & Chief Operating Officer
James Keough Chief Financial Officer
James Gregory Mills Non-Executive Chairman
Robbie Madan Chief Information & Digital Officer
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