The Valens Company (TSX:VLNS, OTCQX:VLNCF) announced that its shareholders have voted overwhelmingly in favour of the resolution approving the plan of arrangement under which SNDL Inc will acquire all of the issued and outstanding common shares of the company. The plan of arrangement is on the basis of 0.3334 of an SNDL common share bring offered for each outstanding Valens common share. Over 96% of votes cast at the company's special meeting of shareholders held on November 29, 2022, were in favour of the resolution. "With this announcement, we are one step closer to combining two best-in-class cannabis companies that have extremely complementary assets to create a true market leader. This pro forma company will create Canada's first large vertically integrated cannabis company that unites SNDL's exceptional balance sheet and largest cannabis retail network in Canada with Valens' low-cost manufacturing platform.