Sundial Growers Completes Acquisition Of Spiritleaf Retail Cannabis Network

A Reddit favorite cannabis company Sundial Growers Inc. (NASDAQ: SNDLrevealed Tuesday it has finalized the acquisition of Inner Spirit Holdings Ltd. (CSE: ISH) (OTCQB: INSHF)known for its national network of Spiritleaf retail stores. The total consideration for the purchase is set to 30 cents in cash and 0.0835 of a common share of Sundial for each Inner Spirit share.

On the news, Sundial’s shares closed Tuesday market sessions slightly higher – 3.95%, at 84 cents per share.

The completion of the purchase comes on the heels of Sundial’s joint venture SunStream lending $25 million to Clever Leaves Holdings Inc. (NASDAQ: CLVR). 

Transaction Highlights 

The Calgary, Alberta-headquartered company noted several important benefits resulting from this deal.

  • Sundial …

Full story available on Benzinga.com

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