Cannabis Producer Sundial to Buy Chain of Liquor and Pot Stores
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Canadian cannabis producer Sundial Growers Inc. said it will buy liquor and pot retailer Alcanna Inc. for C$346 million ($276 million) in stock, building on a vertical-integration strategy of acquiring stores.
Sundial, which is based in Calgary and listed on Nasdaq, will pay C$9.12 per Alcanna share, the companies said Thursday evening.