Alcanna Inc. (TSX:CLIQ) (OTC:LQSIF) reached mutual agreement with Sundial Growers Inc. (NASDAQ:SNDL), to extend the outside date for closing the transaction contemplated under the arrangement agreement between Sundial and Alcanna dated October 7, 2021, and amended on January 6, 2022, to March 30, 2022 in accordance with terms of the arrangement agreement.
Completion of the arrangement remains subject to certain other customary closing conditions as further described in the agreement, including the receipt of certain regulatory approvals required under applicable provincial liquor and cannabis legislation. The parties expect that the arrangement will close on or before March 30, 2022.
