SNDL is the largest private-sector liquor and cannabis retailer in Canada with retail banners including Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis.The companyis focused on premium inhalables and Sundial offers premium indoor small batch at scale cultivation and manufacturing operations.
CLINICAL TRIALS: Yes.
OWNERSHIP:
Valens has a white label business as well as hydrocarbons extraction, flower and pre-roll and they have their own cider distillery. Since Valens’ acquisiton of Green Roads, a CBD-provider in Florida, the US market is also open for their CBD products.
Sunstream is Sundial’s investment arm and was created among other reasons to get exposure to the US cannabis market where investments have been made, as well as in Colombia, Portugal and Germany. Sunstream has investments in some of the biggest MSO’s as well as single state operators in the US.
LYF Food Technologies has 25 years of experience in commercial-scale food manufacturing and offers crafted chocolate, soft chews, confectionery, and baked cannabis-infused edibles.
Nova Cannabis – 100%
Nova Cannabis is a Canadian retailer focused on the value segment and is a spinoff from Alcanna and was merged with YSS.
Firesale Cannabis is the company’s way of discounting flower that would otherwise go to waste.
FACILITIES:
820,000 sq ft indoor cultivation.
Indiva’s former 40,000 sq ft production facility in London, Ontario.
350+ retail stores in both the liquor market as well as cannabis:
185+ cannabis locations in Canada.
170+ liquor locations in Alberta and British Columbia.
NEWS & PARTNERSHIPS:
2017
Indiva signed an exclusive supply agreement with Medropharm and Greenfields Health Care involving 3 premium high-CBD low-THC cannabis strains for cultivation and sale by Indiva in Canada. The licensors will show Indiva the chemical composition and treatment uses of each strain supplied and provide cultivation guidance from time to time.
2018
Indiva signed a 3-year concentrate program agreement with MediPharm Labs to supply them with dried cannabis to be used for the creation of oil. MediPharm will charge Indiva processing fees for the oil produced and the revenue earned on sales of cannabis oil by MediPharm will be shared.
Indiva expanded into Denmark through a partnership with AEssense with the purpose of creating an indoor grow facility using AEssense’s AEtrium aeroponic grow platform.
The company signed a deal with DeepCell Industries which granted Indiva the exclusive license to manufacture and sell DeepCell’s complete line of products, including its cannabis infused products marketed under the Ruby brand produced using DeepCell’s patented Crystal Fusion technology, and cannabis wellness products.
Indiva acquired around 5% of Bhang Corporation and started a 50/50 JV managed by the company with exclusive rights to manufacture and distribute Bhang products in Canada as well as the exclusive right to export those products internationally. The company intended to invest USD $5 million for the construction of a cannabis processing facility which is to be used by the company for its own brands as well as products for the JV. In turn, Bhang wil provide its know-how and intellectual property, such as trademarks and patents and they will both collaborate on sales and marketing. Each of the parties has committed to contribute equally to the working capital of the JV. Each company committed to contribute equally to the working capital of the JV. The products are firstly meant for the Canadian market. Bhang branding will be most prominent on the packaging with all packages also displaying the following Indiva branding: Powered by INDIVA.
The company received a Mitacs Research Grant for the study and genetical mapping of over 100 cannabis cultivars for the examination of their impact on inflammation and anti-cancer properties.
The company announced a strategic partnership with Plantbiosis while at the same time welcoming its founder Dr. Igor Kovalchuk to its management. The partnership will allow the company to develop innovative cannabis cultivars and fund research on the potential impacts of different strains.
The company signed a sales agreement and formed an international brand development partnership with ICC Labs where the company will buy up to 250 KG 99% CBD isolate from ICC Labs annually. The agreement also opens up for the creation of brands and product lines in collaboration with ICC Labs, which will in turn be added to SNDL’s global brand portfolio for the medicinal market and as part of the agreement, SNDL will have exclusive international distribution rights to the newly co-created brands and product lines.
The company signed a supply agreement with Delta 9 Cannabis covering 5,000 KG that will sold by Delta 9 in the Manitoba market.
The company signed a supply agreement with Alliance of Beverage Licensees covering 20,000 KG of cannabis and cannabis derivatives per year.
2019
The company signed an exclusive partnership with Crescita Therapeutics including the licensing of Crescita’s proprietary transdermal delivery technologies for the development of cannabis and hemp topicals. SNDL will pay for the development and formulation costs and will have the worldwide marketing and distribution rights for the newly developed products and Crescita will receive tiered royalties on the net worldwide sales of these products, and retains the right to leverage its IP for future product development under its own brands.
Indiva signed an agreement with Supreme Cannabis to manufacture and distribute pre-rolls for its portfolio of brands.
2020
Indiva entered into a white-label licensing and manufacturing agreement with Dycar Pharmaceuticals.
Indiva released a branded Cannsell education module with Lift & Co.
The company signed a 3-year medical cannabis supply agreement with Vir Pharmaceuticals where the company will supply medical cannabis oil for Vir Pharma’s oral formulation for chronic pain that will be used for sales and clinical studies in Australia.
The company announced a concentrates license agreement with Simply Solventless for the processing and manufacturing of a suite of solventless cannabis concentrates products by Sundial, using SSC’s intellectual property. SSC will provide the non-cannabis materials with a minimum of 75% of the cannabis materials being cultivated by Sundial, unless such inventory is unavailable. SSC will be paying Sundial a monthly administration fee and in turn receive a royalty on the sale of products manufactured using the SSC brand and technology.
The company entered into a sales and distribution agreement with Choklat for the creation of a cannabis-infused confectionary brand offering chocolate bars, drinking chocolate and infused sugar. Choklat will be in charge of the production and packaging of the products and Sundial will sell and distribute the products to retailers.
2021
Indiva signed an exlusive licensing and manufacturing agreement with Grön bringing novel edible products to the Canadian market.
The company lent 11 M CAD at a 9% per annum interest to Indiva while also investing 11 M CAD giving the company a 18.45% stake of Indiva. The companies also signed an Investor Rights Agreement granting SNDL the right to maintain its ownership percentage in Indiva by participating in any future equity financings.
The company entered into an agreement to form a 50/50 JV with SAF Group called SunStream Bancorp which is being created to make strategic investments in Canada and internationally within the cannabis industry. The first inititive of the JV was to start a special opportunities fund which SNDL provided an initial commitment of $100 M CAD to.
The company acquired Inner Spirit Holdings and its 100+ Spirit Leaf retail stores across Canada.
The company launched Canada’s first Caviar Cone under its Top Leaf brand.
The company announced a share repurchase program worth up to $100 M CAD.
2022
Indiva signed a 5-year exclusive licensing and manufacturing agreement with Dime Industries where it will bring its innovative vape brand portfolio to Canada. After the 5 years are up, the agreement automatically renews for 3 additional 5-year terms.
The company entered into a bid agreement to acquire Superette and 6 of its stores in Toronto and Ottawa through a stalking horse bid.
The company entered into an agreement with Nova Cannabis to implement a strategic partnership to create a cannabis retail platform in Canada under a vertical integration model with SNDL’s upstream capabilities. Under the deal, SNDL will provide 26 stores under the Spiritleaf and Superette banners in Ontario and Alberta with a right of first refusal to Nova Cannabis on the SNDL’s Canadian retail pipeline. SNDL will in turn receive IP rights for Nova’s Value Buds banner with 88 stores as well as the license to grant Nova to operate the Value Buds, Spiritleaf and Superette banners. The companies will also enter into an agreement to allow Nova the utilization of SNDL’s brand’s IP and other intangible property in exchange for a license fee between 5 and 15% of the gross rofits on each store, commenced 1 year after the close of the transaction mentioned.
The company acquired Zenabis including its 380,000 sq ft indoor cultivation facility in Atholville, New Brunswick with an EU GMP certification, 22 M grams of cannabis inventory as well as a 255,000 sq ft industrial facility in Stellarton, Nova Scotia.
The company acquired Alcanna with its 171 retail locations selling liquor under the Wine and Beyond, Liquor Depot and Ace Liquor. Nova Cannabis was also around 63% owned by Alcanna which added 78 cannabis stores to SNDL’s network which now covered over 180 stores.
2023
After Paralell’s default, Sunstream took over its assets; 45 stores from Surterra Wellness and a cultivation facility in Florida over 330.000 sq ft, 3 stores under the New England Treatment Access brand and a cultivation facility in Massachusetts over 34,000 sq ft, 2 retail pick-up locations under the Goodblend brand and a small cultivation facility as well as a joint venture in Nevada with Cookies and minor real estate assets.
After Skymint defaulted on its loans, SunStream took over its 24 stores in Michigan.
The company acquired 5 Superette stores in Ottawa and Toronto and the IP of the brand thanks to its stalking-horse bid.
The company acquired the Superette brand with 5 stores in Toronto and Ottawa through a stalking-horse bid on Superette’s assets in August 2022.
Nova Cannabis introduced Firesale Cannabis offering outrageous discounts on cannabis as a way to combat industry waste and create a unique experience for value-conscious shoppers.
2024
The company assigned the rights of 4 Dutch Love stores to Nova Cannabis.
The company acquired the principal indebtedness of Delta 9 Cannabis becoming Delta 9’s senior secured creditor with a priority security interest in all of the assets of Delta 9 and certain Delta 9 subsidiaries.
The company established SunStream USA Group, a US holding company to buy, handle and sell US assets. The company has its eyes set on the acquisition of majority equity positions in select assets of Parallel which is an MSO active in Florida, Massachusetts, Nevada as well as Texas and Skymint which has active operations in Michigan.
The company entered into a stalking-horse agreement to purchase edibles maker Indiva which the company won and resulted in the company acquiring Indiva’s state-of-the-art a 40,000 sq ft production facility in London, Ontario and a portfolio of licensed cannabis brands: Pearls by Grön, No Future and Bhang Chocolate.
The company renewed its share repurchasing program with 100 million CAD.
The company acquired the remaining 34.8% of Nova Cannabis after Nova-shareholders approved an SNDL acquisition. Nova’s retail expertize will support the company’s cannabis retail portfolio by boosting programming, expanding data programs, advancing staff training initiatives and optimizing inventory management.
2025
The company entered into a 3-year agreement estimated to be worth 27 million CAD with Aurora for the supply of premium cannabis flower to Aurora, with an option to extend the agreement.
The company acquired 5.4% of High Tide.
The company entered into an arrangement agreement with 1CM to acquire 32 cannabis retail stores which are operating under the Cost Cannabis and T Cannabis banners in Ontario, Alberta and Saskatchewan.
The company launched Rise Rewards loyalty program which was designed for Value Buds customers with availability in Alberta, Ontario, Saskatchewan and Manitoba.
CANNABIS BRANDS:
Sundial Cannabis offersobsessive attention to detail offering easy-to-shop, quality products that seamlessly fit into your everyday lifestyle.
Grasslands offers good grass with simple choices at fair prices. The brand offers flower as well as vape, rosin, crumble and hash.
Green Roads produces tinctures, topicals and edibles which are sold in over 7,000 retail locations as well as directly from Green Roads to consumers.
Verse offers vape cartridges dry flower up to an ounce, soft chews, chocolate brownie, THC and CBD SORSE-based drops and a beverages.
Versus is a brand coming from Valens that offers value across all categories.
Citizen Stash is a core offering from Valens offering products in the flower, pre-roll, vape and concentrates categories.
Contraband is a premium offering providing products in the same categories as citizen stash and aims to be the lifestyle brand for urban music, fashion and art enthusiasts.
Vacay is a core and premium edibles brand from Valens also offering beverages.
Top Leaf was founded by cannabis enthusiasts under a simple guiding principle: “What do we want to smoke?” The answer is easy. We want the best. The brand offers craft at scale cannabis in a mix of famous and exclusive genetics available for the connoisseur in flower, pre-rolls, vape formats, premium concentrates such as bubble hash, pressed hash, live rosin and caviar cones. The caviar cones are filled with dried milled flower, dry sift hash and full spectrum winterized oil with a THC rate of 30% or higher.
The products produced by the brand come in 4 series:
The Black Series offers strong and unique flavors of flowers with interesting terpene profiles.
The Masters Series offers rare, unique strains which are notoriously difficult to grow.
The Legends Series offers a modern take on cannabis classics.
The Untamed Series offers original landrace strains cultivated in their natural environment from around the world.
Palmetto offers craft at scale and convenient cannabis in pre-rolls or vape pens for an effortless consumer experience.
Spirit Leaf Select is a quality brand developed in collaboration with the retail brand’s own concierges and offers flower and multipack pre-rolls.
Bon Jak is exclusive to Quebec and delivers unique, reliable, and high-quality products at a competitive price.
Pearls by Grön offers a spectrum of cannabinoid ratios, including CBG, CBN, CBD and THC With 5 to 25 pearls per pack, there are delicious options for every occasion.
No Future offers vapes, gummies and fatty patties which are premium chocolate pastries filled with chocolate chip cookie dough, cookies & cream or peppermint.
Bhang offers recipes from a master chocolatier filled with quality cocoa giving you a taste of chocolate, not cannabis.
La Plogue is exclusively designed for Quebec where it delivers premium flower grown within the province with carefully cultivated strains which reflect Quebec’s cannabis culture.
Value Buds offers everyday low prices with large-format flower and vapes.
Indiva Life products come in the following formats: Lozenges, chocolates, sandwich cookies as well as vegan-friendly capsules. Jewels Cannabis Tarts are ideal for microdose customers with 1 mg of THC per tart with 10 tarts in each package. Jewels are vegan and gluten-free, produced without artificial flavoring.
Artisan Batch is a premium brand in collaboration with craft and microgrowers with cannabis sourced through Indiva’s partnership with BC Craft Supply Co and offers dried flower.
RETAIL BRANDS:
Spiritleaf offers a premium consumer experience aiming to be the most knowledgeable and trusted source of recreational cannabis. Their retail model offers legitimacy, reputability, professionalism and a feeling of confidence. You collect points every time you buy something from a Spiritleaf store which can be redeemed for exclusive perks and special offers. The brand also offers franchising for you to open your own store and the brand was awarded the Franchisees’ Choice in 2020 and 2021 by the Canadian Franchise Association. The stores offer mail order, same day delivery or the option to collect at the store in over 20 places in Ontario.
Value Buds was created with a simple mission: To deliver value to consumers. Their goal is to attract, grow, and retain a loyal customer base by offering high-quality cannabis products in convenient locations at low prices. Itwas created for the 20% of consumers that purchase 70% of the products.
Superette is a grab-n-go concept without a visible menu where you are met by a budtender that helps you with picking up the right pre-roll for you. The six stores are located in Ontario and also sell lifestyle products such as beverages, portable speakers, blankets, bottle openeres and totes.
LIQUOR RETAIL BRANDS:
Wine and Beyond is Western Canada’s largest liquor stores with 12 locations carrying over 6,000 wines, 2,500 spirits and 2,200 beers.
Liquor Depot has 20+ locations in Alberta and is a convenience retail liquor outlet. It is a one-stop-shop for beer, wine, spirits and mixes.
Ace Liquor Discounter has over 130 locations in Alberta, offering a great selection, better prices, knowledgeable staff stocking wines from around the world as well as local and international beers and specialty spirits with everyday low prices.