Could Sundial’s Acquisition of Alcanna Be A Saving Grace?

Mergers & Acquisitions

Sundial Growers (SNDL) hasn’t been a star in the cannabis sector over the last few years, even if it has grabbed the occasional spotlight on Reddit. However, Sundial’s proposed acquisition of Alcanna (LQSIF), Canada’s largest private liquor retailer, may take the company to the next level.

CEO Zach George believes Sundial could replicate Alcanna’s value-focused model for the cannabis industry and produce similar results. And while it has been some time since Sundial announced this potential transaction, both sides seem committed to pushing the $346M deal through.

12-Month Chart of Sundial Grower (SNDL)

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