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.<\/p>\n
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.<\/p>\n
Valens shareholders will receive 0.3334 of a common share of SNDL for every Valens share they own.<\/p>\n
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.<\/p>\n
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.<\/p>\n
SNDL, which is behind the Value Buds and Spiritleaf brands, says the transaction is expected to close in January.<\/p>\n
This report by The Canadian Press was first published Aug. 22, 2022.<\/p>\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
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. […]<\/p>\n","protected":false},"author":362,"featured_media":1138,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"guid":"","source":"The Canadian Press","byline":"The Canadian Press","published":"2022-08-22T04:48:36","updated":"2022-08-22T22:00:00","_infotelid":"IT93580","_prepressid":"93580","_multisite_post_sync":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[379,2,391,381],"tags":[],"region":[309,310,311,312],"class_list":["post-72","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured3","category-in420","category-nonit","category-topnews","region-kamloops","region-kelowna","region-penticton","region-vernon"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":7}},"parsely":{"version":"1.1.0","canonical_url":"https:\/\/infonews.ca\/in420\/news\/72\/pot-company-sndl-to-acquire-the-valens-company-in-all-stock-transaction-2\/","smart_links":{"inbound":0,"outbound":0},"traffic_boost_suggestions_count":0,"meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Pot company SNDL to acquire the Valens Company in all-stock transaction","url":"http:\/\/infonews.ca\/in420\/news\/72\/pot-company-sndl-to-acquire-the-valens-company-in-all-stock-transaction-2\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/infonews.ca\/in420\/news\/72\/pot-company-sndl-to-acquire-the-valens-company-in-all-stock-transaction-2\/"},"thumbnailUrl":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID93580-2749.jpg?w=150&h=150&crop=1","image":{"@type":"ImageObject","url":"https:\/\/infonews.ca\/in420\/wp-content\/uploads\/sites\/3\/MediaItemID93580-2749.jpg"},"articleSection":"featured3","author":[{"@type":"Person","name":"Howard Alexander"}],"creator":["Howard Alexander"],"publisher":{"@type":"Organization","name":"iN420","logo":""},"keywords":[],"dateCreated":"2022-08-22T11:48:36Z","datePublished":"2022-08-22T11:48:36Z","dateModified":"2022-08-23T05:00:00Z"},"rendered":"