SNDL Inc. Files April 2024 Report with News Release

TL;DR

SNDL filed its April 6-K, including a news release. Check for updates.

AI Summary

SNDL Inc. filed a Form 6-K on April 2, 2024, reporting for the month of April 2024. The filing includes a news release dated April 1, 2024, as Exhibit 99.1. The company's Chief Financial Officer, Alberto Paredero-Quiros, signed the report on April 1, 2024.

Why It Matters

This filing provides an update on SNDL Inc.'s activities and includes a news release, which may contain material information for investors.

Risk Assessment

Risk Level: low — This filing is a routine report of foreign private issuer and does not appear to contain significant new financial or operational information.

Key Players & Entities

• SNDL Inc. (company) — Registrant
• Alberto Paredero-Quiros (person) — Chief Financial Officer
• April 1, 2024 (date) — News Release Date and Signature Date
• April 2, 2024 (date) — Filing Date

FAQ

From the Filing

0001279569-24-000370.txt : 20240402 0001279569-24-000370.hdr.sgml : 20240402 20240402111733 ACCESSION NUMBER: 0001279569-24-000370 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240401 FILED AS OF DATE: 20240402 DATE AS OF CHANGE: 20240402 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: 24812706 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 April 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: April 1, 2024 By: /s/ Alberto Paredero-Quiros Name: Alberto Paredero-Quiros Title: Chief Financial Officer EXHIBIT Exhibit Description of Exhibit 99.1 News Release dated April 1, 2024 EX-99.1 2 ex991.htm NEWS RELEASE DATED APRIL 1, 2024 Exhibit 99.1 SNDL and Nova Cannabis Announce Assignment of Dutch Love Stores to Nova Cannabis and Extension of Credit Facility This news release constitutes a "designated news release" for the purposes of the prospectus supplement of Nova Cannabis Inc. dated July 22, 2022, to its short form base shelf prospectus dated June 27, 2022. CALGARY, AB, April 1, 2024 /CNW/ - SNDL Inc. (Nasdaq: SNDL) (" SNDL ") and Nova Cannabis Inc. (TSX: NOVC) (" Nova ") announced today that SNDL has agreed to assign its rights to own or operate four Dutch Love stores (the " Dutch Love Stores ") to Nova (the " Assignment "). "SNDL remains committed to strengthening Nova's retail position and the sustainability of its capital structure, as underscored by the extension of the credit facility," said Zach George, CEO of SNDL. "The assignment of four well-located cannabis retail stores to be owned or operated by Nova creates an opportunity for Nova to open its first Value Buds branded locations in British Columbia and highlights the benefit of SNDL's M&A pipeline." Pursuant to the Assignment, Nova shall issue to SNDL $8.179 million of Nova shares based on the 20-day VWAP of the Nova shares on March 28, 2024. The closing of the transactions contemplated by the Assignment are subject to customary closing conditions, including the approval of the Toronto Stock Exchange (" TSX ") for the listing of the Nova shares issuable to SNDL, court approval and all other regulatory approvals, and is anticipated to close by the end of April 2024. The addition of the Dutch Love Stores is expected to bring Nova's total store count to 100 and SNDL's direct and indirect cannabis store count across all retail banners to 190. SNDL has also extended the maturity date of the $15 million revolving credit facility (the " Revolving Credit Facility ") with Nova for an additional 24 months, to March 31, 2026, and has amended the Revolv