Cannabis Canada Weekly: Sundial’s $131M retail deal; Tilray closes $8B merger with Aphria
May 7, 2021
David George-Cosh, BNN Bloomberg
How pot producers are able to play in Ontario’s highly-regulated retail market
What do the Edmonton Oilers have in common with Canada’s latest multimillion-dollar pot deal? More than you think.
Sundial Growers Inc. made waves earlier this week when it announced a deal to buy Inner Spirit Holdings Inc., Canada’s biggest pot retail chain with 86 Spiritleaf stores across the country, for about $131 million. The deal puts the Alberta-based company in a rare group that includes Canopy Growth Corp. and Decibel Cannabis Company - a cannabis producer that will also own a major retailer.