SNDL completes Parallel asset acquisition in Florida, Texas, Massachusetts

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Go back to SNDL completes Parallel asset acquisition in Florida, Texas, Massachusetts

SNDL Announces Completion of Parallel Asset Acquisition and Positions for Nasdaq-Consolidated U.S. Medical Cannabis Operations

July 27, 2026 11:49 AM EDT

EDMONTON, Alberta, July 27, 2026 (GLOBE NEWSWIRE) -- SNDL Inc. (NASDAQ: SNDL, CSE: SNDL) (SNDL or the Company) today announced the completion of the acquisition of certain assets of Surterra Holdings, Inc. and certain of its affiliates (collectively, Parallel), a U.S. vertically integrated cannabis operator with state-licensed operations in Florida, Texas and Massachusetts (the Parallel Transaction). The Parallel Transaction was previously announced on April 29, 2026.

The Parallel Transaction was completed pursuant to a strict foreclosure agreement, by and among SH Parent, Inc., Surterra Holdings, Inc., certain of... More