SNDL Inc. Files 6-K, Reports News Release

Ticker: SNDL · Form: 6-K · Filed: 2024-07-16T00:00:00.000Z

Sentiment: neutral

Topics: reporting, news-release, canadian-company

Related Tickers: SNDL

TL;DR

SNDL filed a 6-K on July 16th, including a news release. Canadian company, will use 40-F for annual reports.

AI Summary

SNDL Inc. filed a Form 6-K on July 16, 2024, to report a news release dated July 16, 2024. The company, formerly known as Sundial Growers Inc., is incorporated in Alberta, Canada, and operates in the medicinal chemicals & botanical products sector. The filing indicates that SNDL Inc. will file annual reports under cover of Form 40-F.

Why It Matters

This filing provides an update on SNDL Inc.'s reporting activities and confirms their intention to file annual reports using Form 40-F, which is typical for Canadian companies.

Risk Assessment

Risk Level: low — This is a routine filing (6-K) that primarily serves to attach a news release and confirm reporting status, with no immediate financial or operational disclosures that would suggest high 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 July 16, 2024, and to indicate that SNDL Inc. files annual reports under cover of Form 40-F.

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

The Form 6-K was signed by Alberto Paredero-Quiros, Chief Financial Officer, on July 16, 2024.

What was SNDL Inc.'s former name?

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

What is SNDL Inc.'s principal executive office address?

SNDL Inc.'s principal executive office is located at #300, 919 - 11 Avenue SW, Calgary, AB T2R 1P3.

Which SIC code is associated with SNDL Inc.?

SNDL Inc. is associated with SIC code 2833, which corresponds to MEDICINAL CHEMICALS & BOTANICAL PRODUCTS.

From the Filing

0001279569-24-000893.txt : 20240716 0001279569-24-000893.hdr.sgml : 20240716 20240716111420 ACCESSION NUMBER: 0001279569-24-000893 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240716 FILED AS OF DATE: 20240716 DATE AS OF CHANGE: 20240716 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: 241118941 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 16, 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 16, 2024 EX-99.1 2 ex991.htm NEWS RELEASE DATED JULY 16, 2024 Exhibit 99.1 SNDL Announces Overheads Restructuring Project and Operational Adjustments CALGARY, AB, July 16, 2024 /CNW/ - SNDL Inc. (Nasdaq: SNDL) (" SNDL " or " The Company ") today announced a restructuring project aimed at reducing corporate overheads and improving the efficiency of its organizational structure to position the Company for future growth. The project is expected to deliver over $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending, including the reduction in 106 full-time employees. The restructuring will require a one-time investment of $11 million over the next 18 months. As part of these operational adjustments, SNDL is consolidating its Cannabis segments into a single unit under the leadership of Tyler Robson. This consolidation is intended to enhance efficiency, improve alignment and improve process speed within SNDL's vertical model. "This restructuring project and segment consolidation are critical steps in our journey towards better capital deployment, improved agility, focus, and profitability, and will free up resources to invest in profitable growth opportunities," said Zachary George, Chief Executive Officer of SNDL. "We are committed to enhancing our organizational effectiveness by streamlining processes while leveraging technology and automation." SNDL expects to achieve most of the anticipated annualized savings by mid-2025, while starting to capture some of the opportunities as early as Q3 2024. 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,

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