Alcanna Inc.
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- Alcanna Inc. Alcanna Inc. operates as a leading private-sector retailer of alcohol and cannabis products in Canada, owning and managing extensive networks of retail outlets that offer a diverse selection of wine, spirits, liqueurs, coolers, beer, and recreational cannabis under prominent banners including Liquor Depot, Wine and Beyond, Ace Liquor in Alberta and British Columbia, and Value Buds through its majority-owned subsidiary Nova Cannabis Inc., which encompasses 78 cannabis stores across Alberta, Saskatchewan, and Ontario; the company previously maintained operations in Alaska and Kentucky. Founded in 1993 and headquartered at 17220 Stony Plain Road in Edmonton, Alberta, Alcanna serves consumers through more than 250 locations primarily in Western Canada, positioning it as North America's largest private alcohol retailer by store count and a key player in the post-legalization cannabis retail market. In March 2022, Alcanna underwent a transformative acquisition by Sundial Growers Inc., now operating as SNDL Inc., in a $320 million deal involving cash and shares that integrated its liquor and cannabis operations into SNDL's broader portfolio, yielding synergies such as $15 million in annual adjusted EBITDA through cost savings, revenue optimization, and combined retail infrastructure with SNDL's Spiritleaf banner to form Canada's largest private cannabis retail network exceeding 180 stores; subsequent developments include SNDL's January 1, 2023 amalgamation with Alcanna under Alberta law, enhancing liquor retail scale, and ongoing management support for Nova Cannabis as a publicly listed pure-play entity with potential for further expansions or consolidations.
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Dear SNDL Stock Fans, Here's What You Need to Know About the Alcanna Merger
Alcanna Inc. (LQSIF) CEO James Burns on Q2 2021 Results - Earnings Call Transcript
Alcanna Reports Second Quarter Financial Results
Alcanna Inc. (LQSIF) CEO James Burns on Q1 2021 Results - Earnings Call Transcript
Alcanna Reports First Quarter 7.9% Growth in Same Store Liquor Sales and 7.5% Gain in Gross Margin Dollars From the Liquor Division
Alcanna Inc. Announces Timing of First Quarter 2021 Earnings Release
Cannabis Movers & Shakers: TILT, BRNT, ECGI, Alcanna, WeedMD, Mind Cure, The FLowr Corporation, VIVO, Cannabiz, Team Hytiva
Alcanna's (LQSIF) CEO James Burns on Q4 2020 Results - Earnings Call Transcript
Fire & Flower: Nasdaq-Bound Cannabis Retailer With Deep-Pocketed Backer