M&A Deal Summary

Sundial Growers Acquires Alcanna

On October 7, 2021, Sundial Growers acquired beverage company Alcanna for 346M USD

Acquisition Highlights
  • This is Sundial Growers’ 1st transaction in the Beverages sector.
  • This is Sundial Growers’ largest (disclosed) transaction.
  • This is Sundial Growers’ 2nd transaction in Canada.
  • This is Sundial Growers’ 2nd transaction in Alberta.

M&A Deal Summary
Date 2021-10-07
Target Alcanna
Sector Beverages
Buyer(s) Sundial Growers
Deal Type Add-on Acquisition
Deal Value 346M USD
Advisor(s) Cormark Securities, Inc. (Financial)
Clark Wilson
Bennett Jones (Legal)

Target

Alcanna

Edmonton, Alberta, Canada
Alcanna is one of the largest private-sector retailers of alcohol in North America and the largest in Canada by the number of stores operating 171 locations in Alberta and British Columbia. Alcanna was founded in 2004 and is based in Edmonton, Canada.

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Buyer(S) 1

Buyer

Sundial Growers

Calgary, Alberta, Canada
Category Company
Founded 2006
Sector Consumer Products
Employees394
Revenue 61M USD (2020)
DESCRIPTION

Sundial Growers is a licensed producer that crafts cannabis using state-of-the-art indoor facilities. Sundial Growers was incorporated in 2006 and is headquartered in Calgary, Canada.

DEAL STATS #
Overall 3 of 3
Sector (Beverages) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2021) 2 of 2
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-05 Inner Spirit Holdings

Calgary, Alberta, Canada

Inner Spirit Holdings is a retailer and franchisor of Spiritleaf recreational cannabis stores across Canada. The Spiritleaf network includes 86 franchised and corporate-owned locations, all operated with an entrepreneurial spirit and with the goal of creating deep and lasting ties within local communities. Spiritleaf aims to be the most knowledgeable and trusted source of recreational cannabis by offering a premium consumer experience and quality curated cannabis products. Inner Spirit Holdings was founded in 2017 and is based in Calgary, Alberta.

Buy CA$131M
Mergr

Product

Company

Legal