SNDL Inc. Files 6-K, Cites March 21 News Release

Ticker: SNDL · Form: 6-K · Filed: 2024-03-21T00:00:00.000Z

Sentiment: neutral

Topics: filing, news-release, corporate-update

Related Tickers: SNDL

TL;DR

SNDL filed a 6-K on 3/21, check the news release for deets.

AI Summary

SNDL Inc. filed a Form 6-K on March 21, 2024, reporting a news release dated March 21, 2024. The filing indicates that Alberto Paredero-Quiros, Chief Financial Officer, signed the report on behalf of the company. The company previously operated under the name Sundial Growers Inc. before changing its name on January 31, 2019.

Why It Matters

This filing serves as an update from SNDL Inc. to the SEC, providing information to the public regarding recent company activities, as detailed in the referenced news release.

Risk Assessment

Risk Level: low — This is a routine filing (6-K) that primarily serves to attach a news release, with no immediate financial or operational disclosures that would inherently increase risk.

Key Players & Entities

FAQ

What is the primary purpose of this Form 6-K filing?

The primary purpose of this Form 6-K filing is to report a news release dated March 21, 2024, by SNDL Inc. to the U.S. Securities and Exchange Commission.

Who signed the Form 6-K on behalf of SNDL Inc.?

Alberto Paredero-Quiros, the Chief Financial Officer, signed the Form 6-K on behalf of SNDL Inc.

What was SNDL Inc.'s former company name?

SNDL Inc.'s former company name was Sundial Growers Inc.

When did SNDL Inc. change its name from Sundial Growers Inc.?

SNDL Inc. changed its name from Sundial Growers Inc. on January 31, 2019.

What exhibit is attached to this Form 6-K?

Exhibit 99.1, a News Release dated March 21, 2024, is attached to this Form 6-K.

From the Filing

0001279569-24-000303.txt : 20240321 0001279569-24-000303.hdr.sgml : 20240321 20240321101159 ACCESSION NUMBER: 0001279569-24-000303 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240321 FILED AS OF DATE: 20240321 DATE AS OF CHANGE: 20240321 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: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-39005 FILM NUMBER: 24769833 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 6-K 1 sndl6k.htm FORM 6-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Form 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of March 2024 Commission File Number 001-39005 SNDL INC. (Registrant’s name) #300, 919 - 11 Avenue SW Calgary, AB T2R 1P3 Tel.: (403) 948-5227 (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F: Form 20-F ☒ Form 40-F ☐ SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SUNDIAL GROWERS INC. Date: March 21, 2024 By: /s/ Alberto Paredero-Quiros Name: Alberto Paredero-Quiros Title: Chief Financial Officer EXHIBIT Exhibit Description of Exhibit 99.1 News Release dated March 21, 2024 EX-99.1 2 ex991.htm NEWS RELEASE DATED MARCH 21, 2024 Exhibit 99.1 SNDL Reports Full Year and Fourth Quarter 2023 Financial and Operational Results The Company reports record net revenue and gross profit in 2023 and achieves positive cash flow in the second half of 2023 CALGARY, AB, March 21, 2024 /CNW/ - SNDL Inc. (NASDAQ: SNDL) (" SNDL " or the " Company ") reported its financial and operational results for the full year and fourth quarter ended December 31, 2023. All financial information in this press release is reported in millions of Canadian dollars unless otherwise indicated. SNDL has also posted a supplemental investor presentation and shareholder letter on its website, found at https://sndl.com. The Company will hold a conference call and webcast at 10 a.m. EDT (8 a.m. MDT) on Thursday, March 21, 2024. The conference call details can be found below. FULL YEAR AND FOURTH QUARTER 2023 FINANCIAL AND OPERATIONAL HIGHLIGHTS • Record net revenue for 2023 of $909.0 million compared to $712.2 million in 2022, an increase of 28%. Net revenue for the fourth quarter of 2023 was $248.5 million, compared to $240.4 million in the fourth quarter of 2022, an increase of 3%, with sequential growth in the Cannabis Retail and Cannabis Operations segments. • Gross profit grew to a record $190.4 million, or 21% of sales, for 2023, compared to $140.4 million, or 20% of sales, in the previous year, representing an increase of 36%. Record gross profit of $57.3 million, or 23% of sales, for the fourth quarter of 2023, compared to $43.6 million, or 18% of sales, in the fourth quarter of 2022. This improvement underscores the benefit of our supply chain optimization strategy, including the closure of the Olds, Alberta cultivation facility in October 2023. • Cash flow was negative $84.5 million in 2023, compared to negative $278.7 million, a 70% year-over-year improvement. In the fourth quarter of 2023, cash flow was negative $6.9 million, compared to negative $11.8 million in the fourth quarter of 2

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