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GROUPE DYNAMITE AND ANDREW LUTFY ANNOUNCE THE CLOSING OF A REORGANIZATION INVOLVING COMPANIES CONTROLLED BY ANDREW LUTFY

Newswire.ca - Thu Jan 22, 7:29PM CST

MONTRÉAL, Jan. 22, 2026 /CNW/ - Groupe Dynamite Inc. ("Groupe Dynamite" or the  "Company") (TSX: GRGD) and 4370368 Canada Inc. (the "Principal Shareholder") announce the closing of a series of corporate transactions involving the Principal Shareholder and its affiliates (the "Lutfy Group") and the Company, subject to one step of the reorganization to be completed imminently and no later than February 1, 2026 (the "Reorganization"). The Reorganization involves, among other transactions, transfers of multiple voting shares of Groupe Dynamite ("Multiple Voting Shares") among entities under common control.

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