SNDL Inc. Files 6-K with July News Release

TL;DR

SNDL filed a 6-K on July 8th with a July 5th news release attached.

AI Summary

SNDL Inc. filed a Form 6-K on July 8, 2024, reporting for the month of July 2024. The filing includes a news release dated July 5, 2024, as Exhibit 99.1. The company, formerly known as Sundial Growers Inc., is incorporated in Alberta, Canada, and operates in the medicinal chemicals and botanical products sector.

Why It Matters

This filing provides an update on SNDL Inc.'s activities and may contain important information for investors regarding recent developments or financial performance.

Risk Assessment

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

Key Players & Entities

• SNDL Inc. (company) — Registrant
• Sundial Growers Inc. (company) — Former company name
• Alberto Paredero-Quiros (person) — Chief Financial Officer
• July 5, 2024 (date) — Date of news release
• July 8, 2024 (date) — Filing date

FAQ

From the Filing

0001279569-24-000861.txt : 20240708 0001279569-24-000861.hdr.sgml : 20240708 20240708111930 ACCESSION NUMBER: 0001279569-24-000861 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240705 FILED AS OF DATE: 20240708 DATE AS OF CHANGE: 20240708 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: 241103774 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 July 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: July 5, 2024 By: /s/ Alberto Paredero-Quiros Name: Alberto Paredero-Quiros Title: Chief Financial Officer EXHIBIT Exhibit Description of Exhibit 99.1 News Release dated July 5, 2024 EX-99.1 2 ex991.htm NEWS RELEASE DATED JULY 5, 2024 Exhibit 99.1 SNDL Acquires Delta 9 Cannabis' Debt, Ascends to Senior Secured Creditor Status CALGARY, AB, July 5, 2024 /CNW/ - SNDL Inc. (Nasdaq: SNDL) (" SNDL " or " The Company ") today announced that it has completed the acquisition (the " Debt Acquisition ") of the principal indebtedness (the " Purchased Indebtedness ") of Delta 9 Cannabis Inc. (" Delta 9 ") from Connect First and Servus Credit Union Ltd. (" CFCU ") for a purchase price of CAD $28,138,284 pursuant to a purchase and sale of indebtedness agreement dated July 5, 2024. As a result of the Debt Acquisition, SNDL has become Delta 9's senior secured creditor with a first priority security interest in all of the assets of Delta 9 and certain Delta 9 subsidiaries. The Purchased Indebtedness brings Delta 9's total indebtedness owing to SNDL to CAD $40,653,352. 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 low-cost biomass sourcing, premium indoor cultivation, product innovation, low-cost manufacturing facilities, and a cannabis brand portfolio that includes Top Leaf, Contraband, Palmetto, Bon Jak, Versus, Value Buds, and Vacay. SNDL's investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the North American cannabis industry. For more information on SNDL, please go to https://sndl.com/. View original content to download multimedia:https://www.prnewswire.com/news-releases/sndl-acquires-delta-9-cannabis-debt-ascends-to-senior-secured-creditor-status-302190280.html SOURCE SNDL Inc. View original