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1CM's sale of Ontario cannabis stores to SNDL falls through due to regulatory delays, 1CM to keep stores and grow organically.

Market News
27 May 2026
Newsfile Corp
View Source
Bearish
pluang ai news

1CM Inc. announced that its planned sale of 27 Ontario cannabis retail stores to SNDL Inc. will not proceed due to prolonged regulatory approval delays. SNDL could not meet the May 31, 2026 deadline for necessary approvals, resulting in the deal's termination and a $250,000 termination fee payable to 1CM. Following this, 1CM will continue operating its Ontario stores, focusing on organic growth, operational improvements, and potential acquisitions. The company aims to add about 10 new stores in 2026, potentially boosting annual revenue toward $100 million.

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