SNDL Inc. Amends 2022 Annual Report

Ticker: SNDL · Form: 20-F/A · Filed: 2024-03-21T00:00:00.000Z

Sentiment: neutral

Topics: amendment, financial-reporting, warrants

TL;DR

SNDL filed an amendment to its 2022 20-F, check the details on warrants and contingent consideration.

AI Summary

SNDL Inc. filed an amendment to its 2022 annual report on March 21, 2024. The filing, which covers the fiscal year ending December 31, 2022, includes details on various financial instruments such as derivative warrant liabilities and equity contingent consideration. The company, formerly known as Sundial Growers Inc., is involved in medicinal chemicals and botanical products.

Why It Matters

This amendment provides updated financial information and disclosures for SNDL Inc.'s 2022 fiscal year, which could impact investor understanding of the company's financial health and obligations.

Risk Assessment

Risk Level: medium — Amendments to annual reports can indicate previously undisclosed issues or a need for clarification, warranting closer investor scrutiny.

Key Numbers

20221231 — Fiscal Year End (The period covered by the amended annual report.)
20240321 — Filing Date (The date SNDL Inc. filed this amendment.)

Key Players & Entities

SNDL Inc. (company) — Filer of the 20-F/A
Sundial Growers Inc. (company) — Former name of SNDL Inc.
20221231 (date) — Fiscal year end for the report
20240321 (date) — Filing date of the amendment
Lightbox Enterprises Limited (company) — Mentioned in relation to a major business combination on 2023-03-28

FAQ

What specific financial items are detailed in the 20-F/A filing for SNDL Inc.?

The filing details items such as derivative warrant liabilities, equity contingent consideration, old cash generating units, accumulated other comprehensive loss, new warrants, and specific series of warrants from 2020 and 2021.

When was the company formerly known as Sundial Growers Inc. renamed SNDL Inc.?

The date of the name change from Sundial Growers Inc. to SNDL Inc. was January 31, 2019.

What is the primary business of SNDL Inc. according to the filing?

SNDL Inc. is classified under Standard Industrial Classification code 2833, which pertains to Medicinal Chemicals & Botanical Products.

What significant event occurred on March 28, 2023, related to SNDL Inc.?

On March 28, 2023, there was a major business combination involving Lightbox Agreement and Lightbox Enterprises Limited, as noted in the filing.

What is the SEC file number for SNDL Inc.?

The SEC file number for SNDL Inc. is 001-39005.

From the Filing

0000950170-24-034351.txt : 20240321 0000950170-24-034351.hdr.sgml : 20240321 20240320192532 ACCESSION NUMBER: 0000950170-24-034351 CONFORMED SUBMISSION TYPE: 20-F/A PUBLIC DOCUMENT COUNT: 177 CONFORMED PERIOD OF REPORT: 20221231 FILED AS OF DATE: 20240321 DATE AS OF CHANGE: 20240320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SNDL Inc. CENTRAL INDEX KEY: 0001766600 STANDARD INDUSTRIAL CLASSIFICATION: MEDICINAL CHEMICALS & BOTANICAL PRODUCTS [2833] ORGANIZATION NAME: 03 Life Sciences IRS NUMBER: 000000000 STATE OF INCORPORATION: A0 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 20-F/A SEC ACT: 1934 Act SEC FILE NUMBER: 001-39005 FILM NUMBER: 24769051 BUSINESS ADDRESS: STREET 1: 919 11 AVENUE SW STREET 2: SUITE 300 CITY: CALGARY STATE: A0 ZIP: T2R1P3 BUSINESS PHONE: 14039485227 MAIL ADDRESS: STREET 1: 919 11 AVENUE SW STREET 2: SUITE 300 CITY: CALGARY STATE: A0 ZIP: T2R1P3 FORMER COMPANY: FORMER CONFORMED NAME: Sundial Growers Inc. DATE OF NAME CHANGE: 20190131 20-F/A 1 sndl-20221231.htm 20-F/A 20-F/A A0 true FY 0001766600 5 years 0001766600 sndl:DerivativeWarrantLiabilitiesMember 2022-01-01 2022-12-31 0001766600 sndl:EquityContingentConsiderationMember 2020-12-31 0001766600 sndl:OldCashGeneratingUnitsMember 2022-01-01 2022-12-31 0001766600 sndl:AccumulatedOtherComprehensiveLossMember 2021-01-01 2021-12-31 0001766600 sndl:NewWarrantsMember 2021-01-01 2021-12-31 0001766600 sndl:TwoThousandAndTwentyOneAdditionalSeriesAAndBWarrantsMember 2022-01-01 2022-12-31 0001766600 sndl:RetailsMember sndl:CannabisRetailRevenueMember 2020-01-01 2020-12-31 0001766600 ifrs-full:OperatingSegmentsMember sndl:CannabisOperationsSegmentMember 2021-12-31 0001766600 sndl:TwoThousandAndTwentySeriesAWarrantsMember 2022-01-01 2022-12-31 0001766600 ifrs-full:LeaseholdImprovementsMember 2022-12-31 0001766600 sndl:TwoThousandAndTwentySeriesAWarrantsMember 2022-12-31 0001766600 sndl:LightboxAgreementMember sndl:LightboxEnterprisesLimitedMember ifrs-full:MajorBusinessCombinationMember 2023-03-28 0001766600 ifrs-full:LandAndBuildingsMember 2022-12-31 0001766600 ifrs-full:GrossCarryingAmountMember ifrs-full:OfficeEquipmentMember 2020-12-31 0001766600 ifrs-full:BrandNamesMember ifrs-full:GrossCarryingAmountMember 2022-12-31 0001766600 sndl:AgentWarrantsMember 2022-01-01 2022-12-31 0001766600 sndl:IntangibleAssetsMember 2022-12-31 0001766600 ifrs-full:RecurringFairValueMeasurementMember ifrs-full:Level2OfFairValueHierarchyMember sndl:InvestmentsAtFvtplMember 2022-12-31 0001766600 ifrs-full:FinancialAssetsAtAmortisedCostCategoryMember ifrs-full:AtCostMember 2022-12-31 0001766600 ifrs-full:LandAndBuildingsMember 2021-12-31 0001766600 sndl:StockOptionsMember sndl:ExercisePriceElevenMember sndl:EquitySettledPlanMember 2022-01-01 2022-12-31 0001766600 ifrs-full:GrossCarryingAmountMember 2021-01-01 2021-12-31 0001766600 ifrs-full:BrandNamesMember sndl:AccumulatedAmortizationMember 2021-12-31 0001766600 sndl:MarketableSecuritiesMember 2022-12-31 0001766600 sndl:RetailCannabisMember 2022-12-31 0001766600 sndl:SimpleWarrantsMember 2021-12-31 0001766600 sndl:EquityContingentConsiderationMember 2022-12-31 0001766600 ifrs-full:OperatingSegmentsMember sndl:CannabisRetailSegmentMember 2021-01-01 2021-12-31 0001766600 ifrs-full:ComputerSoftwareMember ifrs-full:GrossCarryingAmountMember 2022-01-01 2022-12-31 0001766600 ifrs-full:GrossCarryingAmountMember 2022-12-31 0001766600 sndl:LeaseObligationMember 2021-12-31 0001766600 ifrs-full:SubsidiariesWithMaterialNoncontrollingInterestsMember 2022-01-01 2022-12-31 0001766600 sndl:EventsAfterReportingPeriodMember 2023-04-14 2023-04-14 0001766600 ifrs-full:GrossCarryingAmountMember ifrs-full:RightofuseAssetsMember 2022-01-01 2022-12-31 0001766600 sndl:CannabisRetailRevenueMember 2020-01-01 2020-12-31 0001766600 ifrs-full:Level1OfFairValueHierarchyMember ifrs-full:RecurringFairValueMeasurementMember sndl:InvestmentsAtFvtplMember 2021-12-31 0001766600 ifrs-full:AtFairValueMember ifrs-full:FinancialAssetsAtFairValueThroughProfitOrLossCateg