MJBizMag November-December 2021 - 24

CompanyNews | U.S., Canada & International
Sundial Buying Alcohol, Cannabis
Retailer Alcanna for $277 Million
Calgary, Alberta-based cannabis producer
Sundial Growers said it has reached a deal to buy
Alcanna, Canada's largest private liquor retailer, for
$277 million (CA$346 million) in stock. Edmontonheadquartered
Alcanna is the largest shareholder of
Nova Cannabis, with an approximately 63% stake in
the retailer.
Earlier this year, Sundial bought Inner Spirit Holdings,
another cannabis retailer, for approximately
$107 million. Once the deal with Alcanna closes,
Sundial said it will have 170 cannabis stores in six
Canadian provinces. The deal is subject to approval by
Alcanna's shareholders.
Marijuana Company Hexo
Achieves Carbon-neutral Goal
Cannabis producer Hexo Corp. reached its target to
become carbon neutral, the Ottawa-Ontario-based
company announced. The publicly traded business
purchased carbon-offset credits from Offsetters, a
Vancouver, British Columbia, sustainability and carbonmanagement
provider.
The company also closed its acquisitions of Ontariobased
cannabis producers Redecan and 48North for a
combined $450 million and has plans to carry its carbonneutrality
targets into both of those businesses and into
its U.S. businesses, according to a statement.
Aurora Cutting 8% of Workforce,
Closing Facility in Edmonton
Aurora Cannabis is closing its manufacturing facility at
Edmonton International Airport, a move that is expected
to impact approximately 8% of its global workforce, the
company confirmed in an email to MJBizDaily.
The Aurora Polaris facility opened in January. Medical
distribution will move to Aurora Sky, and manufacturing
from the site will shift to Aurora River in Bradford, Ontario.
24 MJBiz Magazine | November-December 2021
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MJBizMag November-December 2021

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