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1CM Inc. (MILFF) operates at the intersection of cannabis retail and liquor distribution, leveraging technology to transform regulated markets across Canada. This news hub provides investors with essential updates on provincial expansions, regulatory developments, and operational milestones.
Access comprehensive coverage of 1CM's strategic growth initiatives, including retail permit acquisitions, market entries, and financial disclosures. Track the company's progress in Saskatchewan liquor markets, New Brunswick cannabis operations, and Alberta expansion efforts through verified press releases and official statements.
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1CM Inc. (MILFF) has announced the mailing of its management information circular for the upcoming annual and special meeting of shareholders on June 16, 2025. The meeting will consider a previously announced plan of arrangement with SNDL Inc. to acquire 32 cannabis retail stores operating under Cost Cannabis and T Cannabis banners across Ontario, Alberta, and Saskatchewan for $32.2 million in cash.
The company has received an interim court order from the Ontario Superior Court of Justice on May 6, 2025, authorizing the meeting proceedings. Directors and senior officers holding approximately 12.9% of 1CM's common shares have committed to voting in favor of the arrangement. The transaction is expected to close in Q3 2025, subject to shareholder approval and other conditions.
SNDL Inc. has entered into an agreement to acquire 32 cannabis retail stores from 1CM Inc. (MILFF) for $32.2 million in cash. The acquisition includes Cost Cannabis and T Cannabis locations across Ontario (27 stores), Alberta (2 stores), and Saskatchewan (3 stores).
The stores generated $53 million in annual revenue for the fiscal year ended August 31, 2024, with 30 active stores at year-end. This acquisition will expand SNDL's retail network to 219 total owned and franchised cannabis stores.
The transaction is expected to close by the end of Q3 2025, subject to court approval, regulatory approvals, and 1CM shareholder approval at a Special Meeting planned for June 2025. 1CM's board unanimously recommends shareholders vote in favor, with directors and senior officers holding 12.9% of shares already committed to supporting the deal.
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