Alcanna Stock News

SNDL stock has brought its acquisitions in house, but the results probably aren't going to be any better based on industry trends. The post Sundial's Alcanna Acquisition Does Little to Help Its Bottom

SNDL stock could double from the current share price as Sundial reaffirms its commitment to acquiring a well-positioned liquor retailer. The post Alcanna Buyout Could Pave Sundial Growers Stock's Path

Alcanna Inc. (OTCPK: LQSIF) (TSX:CLIQ) announced on Tuesday that the Court of Queen's Bench of Alberta has granted a final order approving the previously announced plan of arrangement with Sundial Gro

Sundial Growers Inc. (NASDAQ:SNDL) opted to improve the consideration to be provided to Alcanna Inc. (TSX:CLIQ) (OTC:LQSIF) shareholders for their common shares under a previously announced deal to a

On Wednesday, alcohol and cannabis retailer Alcanna Inc. (OTCPK: LQSIF) (TSX:CLIQ) reminded its shareholders to approve a proposed plan of arrangement with Sundial Growers Inc. (NASDAQ:SNDL). Sundial,

The drawdown in SNDL stock shouldn't shake you out of the trade as Sundial reaffirms its commitment to a value-added canna-biz transaction. The post Be Patient with Sundial Growers as Alcanna Acquisit

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EDMONTON, Alberta, Dec. 13, 2021 (GLOBE NEWSWIRE) -- Alcanna Inc. ("Alcanna" or the "Company") (TSX: CLIQ) today announced that pursuant to the terms of the Arrangement Agreement (as defined below) and the interim order of the Court of the Queen’s Bench of Alberta dated November 9, 2021 (the "Interim Order"), Alcanna and Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial") have agreed to postpone the special meeting (the “Meeting”) of Alcanna shareholders (the “Alcanna Shareholders”) to consider, and if deemed advisable, to pass the special resolution (the “Arrangement Resolution”) to approve the proposed plan of arrangement (the “Arrangement”) with Sundial originally scheduled to be held at 10:00 a.m. (Mountain Time) on December 14, 2021 to 10:00 a.m. (Mountain Time) on January 7, 2022.

It seems the previously announced plan of arrangement between liquor retailer Alcanna Inc. (TSX:CLIQ) (OTC:LQSIF) and Sundial Growers Inc. (NASDAQ:SNDL), Reddit's favorite marijuana company, will have

Although we do not consider Sundial Growers Inc. (Nasdaq: SNDL) to be a top-tier cannabis company, we believe the company could benefit from rising recreational and medical cannabis sales in Canada. A few months ago, Sundial announced a plan of arrangement to acquire Alcanna Inc. (TSX: CLIQ) which would provide it with significantly more leverage […] The post Will Sundial Growers Be Taken Seriously Once The Alcanna Acquisition Goes Final appeared first on Technical420 .

EDMONTON, Alberta, Dec. 09, 2021 (GLOBE NEWSWIRE) -- Alcanna Inc. (" Alcanna " or the " Company " or CLIQ ) (TSX: CLIQ) is pleased to announce that leading proxy advisory firms, Institutional Shareholder Services Inc. (" ISS ") and Glass Lewis & Co., LLC (" Glass Lewis ") have each recommended that Alcanna shareholders (the " Alcanna Shareholders ") vote " FOR " the special resolution (the " Arrangement Resolution ") to approve the proposed plan of arrangement (the " Arrangement ") with Sundial Growers Inc. (NASDAQ: SNDL) (" Sundial "). Under the terms of the arrangement agreement between Alcanna and Sundial dated October 7, 2021 (the " Arrangement Agreement "), Sundial will acquire all of the issued and outstanding common shares in the capital of Alcanna (each, an " Alcanna Share "). Alcanna Shareholders will receive 10.69 common shares in the capital of Sundial (each, a " Sundial Share ") for each Alcanna Share held (the " Consideration ").

Sundial Growers (NASDAQ: SNDL) this morning was looking to bolster support for its previously announced acquisition of Alcanna Inc (TSX:

Sundial Growers Reiterates Commitment to the Transaction with Alcanna and Announces ISS Support for Plan of Arrangement Sundial Growers Inc. (NASDAQ: SNDL) (“Sundial” or the “Company”) is issuing this press release to reiterate its commitment to the proposed plan of arrangement (the “Arrangement”) with Alcanna Inc. (TSX: CLIQ) (“Alcanna”) as previously announced on October 7, 2021. Sundial is committed to the existing consideration offered to Alcanna shareholders whereby Alcanna’s shareholders will receive, for each common share of Alcanna (each, an “Alcanna Share”) held, 10.69 common shares of Sundial (each whole share, a “Sundial Share”). Based on this fixed exchange ratio and the closing price of Sundial Shares on December 7, 2021, the consideration represents a deemed value of approximately $8.08 per Alcanna Share. This value implies an 11% premium from the closing price of Alcanna Shares on the TSX as of December 7, 2021. At this implied price and based on Sundial’s 30-day average trading volumes as of December 7, 2021, it would take approximately 3 days of liquidity for holders of Alcanna Shares to dispose of all Sundial Shares received pursuant to the Arrangement. – ADVERTISEMENT – Additionally, Institutional Shareholder Services Inc. (“ISS”), a leading independent proxy advisory firm, has recommended that Alcanna shareholders vote “FOR” the resolution approving the Arrangement (the “Arrangement Resolution”) at Alcanna’s special meeting of shareholders (the “Meeting”) Commenting on the Arrangement, Sundial’s CEO Zach George stated, “Despite recent market volatility, we remain committed to our plan of arrangement with Alcanna.

Sundial Growers Inc. (NASDAQ:SNDL) reiterated its commitment to the proposed plan of arrangement with liquor retailer Alcanna Inc. (TSX:CLIQ) as previously announced in October and announced ISS'

Investors haven't given SNDL stock its due following the company's impressive turnaround. A recent acquisition could change that.