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SNDL expanded into the Saskatchewan Liquor market today which was until very recently, run by the government. The Saskatchewan Liquor Gaming Authority (SLGA) sold 35 permits in total for $45m. SNDL picked up 2 of those permits, the permits were auctioned off, but if each permit was the same cost SNDL paid just under $1.28m each for the permits.
I found the SLGA annual report online. With assumed equal market share distribution for the 35 stores, SNDL would have 5.7% market share in Saskatchewan. Using the 2021-22 data as a reference with the 5.7% assumed market share that would be $38.1m revenue added per year for both stores combined. That would exceed the average of Wine and Beyond stores currently operating at an average revenue of $11.25m per store. This seems like it was a smart move by Tank Vander to create value for the company.
Do we know which stores they got
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