Valens shareholders will receive 0.3334 SNDL shares for each Valens share owned. This consideration represents an implied value of $1.26 per Valens Share, based on the August 19, 2022 close of the SNDL shares on the Nasdaq Capital Market exchange, representing a premium of 21%, based on the 60-day volume-weighted average price (“VWAP”) of the Valens Shares on the Toronto Stock Exchange (the “TSX”) for the period ending August 19, 2022, being the last trading day prior to the announcement of the Agreement, or a 48% premium based on the 10-day VWAP of the Valens Shares on the TSX for the period ending June 27, 2022, being the last trading day prior to entering into a non-binding expression of interest for the Agreement. On completion of the Agreement, former Valens Shareholders are expected to hold approximately 9.5% of the outstanding SNDL Shares.
The Board of Directors of Valens recommends Valens shareholders vote FOR the Arrangement.
How to Vote
| Registered Shareholders | Beneficial Shareholders | |
|---|---|---|
| Valens shares held in own name and represented by a physical certificate or DRS and have a 15-digit control number. | Valens shares held with a broker, bank or other intermediary and have a 16-digit control number. | |
 Internet |
Vote Now | Vote Now |
 Telephone |
1-866-732-8683 | Call the applicable number listed on the voting instruction form. |
 Mail |
Return the form of proxy in the enclosed postage paid envelope. | Return the voting instruction form in the enclosed paid envelope. |
Registered ShareholdersValens shares held in own name and represented by a physical certificate or DRS and have a 15-digit control number.
By Phone: 1-866-732-8683
By Mail: Return the form of proxy in the enclosed postage paid envelope.
Beneficial Shareholders
Valens shares held with a broker, bank or other intermediary and have a 16-digit control number.
By Phone: Call the applicable number listed on the voting instruction form.
By Mail: Return the voting instruction form in the enclosed paid envelope.
CEO Letter
Special Information Circular
Form of Proxy
Notice of Special Meeting
Letter of Transmittal
OUR PROFILE ON SEDAR
The Valens Company’s profile on SEDAR can be found here.
SHAREHOLDER QUESTIONS
If you have questions or require assistance voting your shares please contact Valens’ proxy solicitation agent, Laurel Hill Advisory Group:
North America Toll Free: 1-877-452-7184
Calls Outside North America: +1 416-304-0211
Email: assistance@laurelhill.com