Read more:SNDL says the offer implies a value of $1.26 per Valens share, representing a 10 per cent premium on Valens’ trailing 30-day volume-weighted average price.
The companies believe their merger will deliver more than $10 million in annual savings and increase SNDL’s overall cannabis market share to 4.5 per cent.SNDL, which is behind the Value Buds and Spiritleaf brands, says the transaction is expected to close in January.