SNDL Inc. Files August 2024 Report (6-K)

Ticker: SNDL · Form: 6-K · Filed: 2024-09-04T00:00:00.000Z

Sentiment: neutral

Topics: reporting, news-release

Related Tickers: SNDL

TL;DR

SNDL filed its August 6-K, including a news release from Aug 29. Stay tuned.

AI Summary

SNDL Inc. filed a Form 6-K on August 29, 2024, reporting on its activities for the month of August 2024. The filing includes a news release dated August 29, 2024, as Exhibit 99.1. The company is incorporated in Alberta, Canada, and its fiscal year ends on December 31.

Why It Matters

This filing provides an update on SNDL Inc.'s recent activities and financial reporting, which is important for investors to stay informed about the company's status.

Risk Assessment

Risk Level: low — This is a routine filing (6-K) that primarily contains a news release and does not appear to disclose significant new risks or material adverse events.

Key Players & Entities

FAQ

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

A Form 6-K is a report of foreign private issuers pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, used to provide information that the company makes or is required to make public in its home country, files or is required to file with a stock exchange, or distributes or is required to distribute to its security holders.

What specific exhibit is included with this 6-K filing?

This 6-K filing includes Exhibit 99.1, which is a News Release dated August 29, 2024.

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 behalf of SNDL Inc.

What is SNDL Inc.'s fiscal year end?

SNDL Inc.'s fiscal year ends on December 31.

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

This Form 6-K was filed as of date September 4, 2024, with the period of report ending August 29, 2024.

From the Filing

0001279569-24-001074.txt : 20240904 0001279569-24-001074.hdr.sgml : 20240904 20240903200848 ACCESSION NUMBER: 0001279569-24-001074 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20240829 FILED AS OF DATE: 20240904 DATE AS OF CHANGE: 20240903 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: 241275627 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 August 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: August 29, 2024 By: /s/ Alberto Paredero Quiros Name: Alberto Paredero Quiros Title: Chief Financial Officer EXHIBIT Exhibit Description of Exhibit 99.1 News Release dated August 29, 2024 EX-99.1 2 ex991.htm NEWS RELEASE DATED AUGUST 29, 2024 Exhibit 99.1 SNDL Announces Successful Bid to Purchase Indiva CALGARY, AB, Aug. 29, 2024 /CNW/ - SNDL Inc. (Nasdaq: SNDL) (" SNDL " or the " Company ") announced today that, in the context of proceedings pursuant to Indiva Limited's (" Indiva ") filing under the Companies' Creditors Arrangement Act (Canada) (the " CCAA ") and the sales and investment solicitation process, the stalking horse bid of SNDL has been chosen as the successful bid in the acquisition of the Indiva business and assets (the " Transaction "), subject to approval by the Ontario Superior Court of Justice (Commercial List)(the " Court ") overseeing the CCAA proceedings. SNDL's acquisition includes Indiva's state-of-the-art facility in London, Ontario and a portfolio of leading owned and licensed brands including Pearls by Grön, No Future, Wana, and Bhang Chocolate. The Transaction is expected to enhance SNDL's product offerings and further solidify SNDL's position in the Canadian cannabis market. "We are thrilled by the opportunity to partner with our colleagues at Indiva to deliver high quality products and brands to consumers," said Zach George, SNDL's Chief Executive Officer. "This transaction will materially improve our market share in the edibles category and is expected to unlock value through improved capacity utilization, a reduction in aggregate corporate expenses, and the potential sale of redundant real estate holdings." Indiva is a leading producer of cannabis edibles in Canada and produces award-winning products across a wide range of brands, with a portfolio of 7 brands and 53 listed SKUs, all manufactured in the Company's 40,000 square foot production facility on Hargrieve Road in south London, Ontario. Indiva will seek approval for the Transaction from the Court on or about September 19, 2024. The Transaction is subject to, among other things, the Court granting an approval and vesting order and the Tr

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