SNDL Inc. Files 6-K, Reports News Release

Ticker: SNDL · Form: 6-K · Filed: 2024-05-09T00:00:00.000Z

Sentiment: neutral

Topics: filing, news-release, reporting

Related Tickers: SNDL

TL;DR

SNDL filed a 6-K with a news release on May 9th. Likely Canadian filer (40-F).

AI Summary

SNDL Inc. filed a Form 6-K on May 9, 2024, to report a news release dated May 9, 2024. The filing indicates that SNDL Inc. will file its annual report under Form 40-F, suggesting it is a Canadian company. The Chief Financial Officer, Alberto Paredero-Quiros, signed the report.

Why It Matters

This filing provides an update on SNDL Inc.'s reporting status and includes a news release, which may contain important operational or financial information for investors.

Risk Assessment

Risk Level: low — This is a routine filing (6-K) that primarily serves to attach a news release, indicating no immediate significant financial event or change.

Key Players & Entities

FAQ

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

The Form 6-K is being filed to report a news release dated May 9, 2024.

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

The report was signed by Alberto Paredero-Quiros, Chief Financial Officer.

What is the filing date of this report?

The report was filed on May 9, 2024.

Does SNDL Inc. file its annual reports under Form 20-F or Form 40-F?

SNDL Inc. indicated it files or will file its annual reports under cover of Form 40-F.

What is the former name of SNDL Inc.?

The former name of SNDL Inc. was Sundial Growers Inc., with a date of name change on January 31, 2019.

From the Filing

0001279569-24-000575.txt : 20240509 0001279569-24-000575.hdr.sgml : 20240509 20240509111344 ACCESSION NUMBER: 0001279569-24-000575 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240509 FILED AS OF DATE: 20240509 DATE AS OF CHANGE: 20240509 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: 24929270 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 May 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. SNDL INC. Date: May 9, 2024 By: /s/ Alberto Paredero-Quiros Name: Alberto Paredero-Quiros Title: Chief Financial Officer EXHIBIT Exhibit Description of Exhibit 99.1 News Release dated May 9, 2024 EX-99.1 2 ex991.htm NEWS RELEASE DATED MAY 9, 2024 Exhibit 99.1 SNDL and Nova Cannabis Complete the Assignment of Dutch Love Stores to Nova Cannabis 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, May 9, 2024 /CNW/ - SNDL Inc. (Nasdaq: SNDL) (" SNDL ") and Nova Cannabis Inc. (TSX: NOVC) (" Nova ") today announced that they have completed the assignment of SNDL's rights to own or operate four Dutch Love stores (the " Dutch Love Stores ") to Nova (the " Assignment "), upon the terms announced on April 1, 2024. "This is a key step in our strategy for growth and focus on prime real estate," said Marcie Kiziak, Nova's Chief Executive Officer. "We are excited to transition these stores to the Value Buds banner, marking our entry into the B.C. market. We are confident that our Value Buds banner is exceptionally well-positioned to fill a critical gap in the marketplace. This move aligns perfectly with our objective for smart, value-driven expansion." As consideration for the Assignment, Nova issued to SNDL $8.179 million of Nova shares based on the 20-day VWAP of the Nova shares on March 28, 2024. The addition of the Dutch Love Stores brings Nova's total store count to 99 and SNDL's direct and indirect cannabis store count across all retail banners to 188. Advisors McCarthy Tétrault LLP acted as legal counsel to SNDL. Bennett Jones LLP acted as legal counsel to Nova. ABOUT SNDL INC. SNDL is a public company whose shares are traded on the Nasdaq under the symbol "SNDL." SNDL is the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. SNDL is a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada specializing in l

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