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  5. CLIQ: Good day. [Alcanna Inc.]
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Investment Q&A

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Q: Good day. Could you please clarify the Sundial offer for me. I am up quite a bit on CLIQ and wondering what to do now. Thank you.

Asked by Toge on October 22, 2021
5i Research Answer:

SNDL is offering 10.69 of its shares for each CLIQ share. Right now, CLIQ is trading at an 8% discount to the value of this offer, as investors are skeptical, as well as a reflection of the regulatory risks and time to close. We think there is some chance of another bid (maybe in the 15% range) and thus would be inclined to hold CLIQ for now. If no new bid, investors will need to decide if they want Sundial shares, and we would be more inclined to sell into the market as the deal gets closer to completion.