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1CM Inc ( (TSE:EPIC) ) has shared an update.
1CM Inc. has announced the mailing of its management information circular for the upcoming annual and special meeting of shareholders, where they will vote on a proposed plan of arrangement with SNDL Inc. This arrangement involves SNDL acquiring 32 cannabis retail stores from 1CM for $32.2 million, pending shareholder and court approvals. The interim court order has been received, allowing the meeting to proceed, with the arrangement expected to close in the third quarter of 2025. This strategic move is anticipated to impact 1CM’s operations by focusing on future growth and expansion in the cannabis and liquor retail sectors.
Spark’s Take on TSE:EPIC Stock
According to Spark, TipRanks’ AI Analyst, TSE:EPIC is a Neutral.
1CM Inc’s overall stock score reflects a company with improving financial health driven by revenue growth and strong cash flow generation. The stock’s technical indicators suggest a neutral market position with no clear short-term momentum. Valuation is reasonable but lacks dividend yield support. The recent corporate event involving the sale of retail stores is positive, indicating strategic decisions that could benefit shareholders.
To see Spark’s full report on TSE:EPIC stock, click here.
More about 1CM Inc
1CM Inc. is a Canadian retailer specializing in cannabis and liquor, known for developing cash-flow positive locations. The company plans to continue expanding its retail footprint through organic growth and potential mergers and acquisitions.
Average Trading Volume: 3,607
Technical Sentiment Signal: Sell
Current Market Cap: C$29.43M
For an in-depth examination of EPIC stock, go to TipRanks’ Stock Analysis page.