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An announcement from 1CM Inc ( (TSE:EPIC) ) is now available.
1CM Inc. announced the results of its annual shareholder meeting, where all proposed resolutions were approved, including the election of directors, re-appointment of auditors, and re-approval of the stock option plan. A significant development is the approved plan of arrangement for SNDL Inc. to acquire 32 cannabis retail stores, which will facilitate a return of capital to shareholders. This arrangement is subject to court and regulatory approvals, with completion expected in the third quarter of 2025. The return of capital is anticipated to be approximately half of the gross proceeds from the arrangement, contingent on its successful closing.
Spark’s Take on TSE:EPIC Stock
According to Spark, TipRanks’ AI Analyst, TSE:EPIC is a Neutral.
The overall stock score of 58 reflects a mix of positive financial performance and reasonable valuation, tempered by weak technical indicators. The acquisition of retail stores could provide future upside potential, but current technical signals suggest caution in the near term.
To see Spark’s full report on TSE:EPIC stock, click here.
More about 1CM Inc
1CM Inc. is a retailer of cannabis and liquor in Canada, known for developing cash-flow positive locations. The company plans to continue expanding its cannabis and liquor retail locations through organic growth and future mergers and acquisitions.
YTD Price Performance: -18.00%
Average Trading Volume: 5,610
Technical Sentiment Signal: Sell
Current Market Cap: C$24.14M
Learn more about EPIC stock on TipRanks’ Stock Analysis page.