Simply Solventless Concentrates Ltd. entered into an asset purchase agreement to acquire Fully Licenced Cultivation and Processing Facility of Sundial Growers Inc. from Sundial Growers Inc. (NasdaqCM:SNDL) for CAD 5 million on September 2, 2021. Consideration for the Rocky View Facility is comprised of CAD 1.5 million cash and a CAD 3.5 million mortgage in favour of Sundial. Simply Solventless Concentrates has launched a private placement of convertible debentures for proceeds of $1 million and the proceeds will be used for inventory, minor capital expenditures, the advancement of its branded product strategy and general working capital purposes. Simply Solventless Concentrates' Licence Agreement with Sundial Growers with regard to the facility will terminate upon closing of the transaction. It is anticipated that the transaction will close in late Q4 2021 or Q1 2022 upon receipt of SSC's Health Canada licences.

Simply Solventless Concentrates Ltd. completed the acquisition of Fully Licenced Cultivation and Processing Facility of Sundial Growers Inc.. from Sundial Growers Inc. (NasdaqCM:SNDL) on July 6, 2022.