$SNDL The Cannabist Company has entered into the sale of all assets in Deleware and Ohio. They have also announced the wind down of all operations in New York and Pennsylvania. To cap it off they filed for CCAA protection in Ontario while also filing for Chapter 15 bankruptcy in the U.S.
The six-state bundle (referred to as the "Remaining Markets Transaction") is covered by a non-binding memorandum of understanding (MoU) announced on March 24, 2026. It covers the sale of certain equity interests or assets in subsidiaries engaged in production, manufacturing, distribution, and retail/sale operations in:
Illinois
New Jersey
Colorado
Massachusetts
Maryland
West Virginia