SNDL Inc. Files 6-K, Will Use Form 40-F for Annual Report

Ticker: SNDL · Form: 6-K · Filed: 2025-03-18T00:00:00.000Z

Sentiment: neutral

Topics: reporting, regulatory, procedural

Related Tickers: SNDL

TL;DR

SNDL filed a 6-K, confirming they'll use Form 40-F for their annual report. No major financial news, just procedural.

AI Summary

SNDL Inc. filed a Form 6-K on March 18, 2025, indicating it will file its annual report under Form 40-F. The filing includes a news release dated March 18, 2025, as Exhibit 99.1. The company's principal executive offices are located in Calgary, Alberta, Canada.

Why It Matters

This filing clarifies SNDL's reporting obligations for its annual statements, which is important for investors tracking the company's financial health and regulatory compliance.

Risk Assessment

Risk Level: low — This is a routine procedural filing (Form 6-K) related to annual reporting, not a disclosure of new financial performance or significant corporate events.

Key Players & Entities

FAQ

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

The purpose of this Form 6-K filing is to report information that SNDL Inc. is required to disclose to its security holders, specifically indicating that it will file its annual report under cover of Form 40-F.

What is the significance of SNDL Inc. filing under Form 40-F?

Filing under Form 40-F indicates that SNDL Inc. is a Canadian company and is electing to use this form for its annual report, which is an alternative to Form 20-F for certain foreign private issuers.

Who signed this report on behalf of SNDL Inc.?

The report was signed by Alberto Paredero Quiros, Chief Financial Officer, on behalf of SNDL Inc.

What exhibits are included with this Form 6-K?

This Form 6-K includes Exhibit 99.1, which is a News Release dated March 18, 2025.

Where are SNDL Inc.'s principal executive offices located?

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

From the Filing

0001279569-25-000274.txt : 20250318 0001279569-25-000274.hdr.sgml : 20250318 20250318072124 ACCESSION NUMBER: 0001279569-25-000274 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20250318 FILED AS OF DATE: 20250318 DATE AS OF CHANGE: 20250318 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: 25746493 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 March 2025 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: March 18, 2025 By: /s/ Alberto Paredero Quiros Name: Alberto Paredero Quiros Title: Chief Financial Officer EXHIBIT Exhibit Description of Exhibit 99.1 News Release dated March 18, 2025 EX-99.1 2 ex991.htm NEWS RELEASE DATED MARCH 18, 2025 Exhibit 99.1 SNDL Reports Fourth Quarter and Full Year 2024 Financial and Operational Results The Company reports Record Full Year Net Revenue, Gross Profit and Gross Margin, as well as positive Cash Flow and Free Cash Flow CALGARY, AB, March 18, 2025 /CNW/ - SNDL Inc. (NASDAQ: SNDL) (" SNDL " or the " Company ") reported its financial and operational results for the full year and fourth quarter ended December 31, 2024. All financial information in this press release is reported in millions of Canadian dollars unless otherwise indicated. SNDL has also posted a supplemental investor presentation and shareholder letter on its website, found at https://sndl.com . The Company will hold a conference call and webcast presentation at 10:00 a.m. EDT (8:00 a.m. MDT) on Tuesday, March 18, 2025. The conference call details can be found below. MANAGEMENT HIGHLIGHTS Net revenue for the fourth quarter of 2024 was $257.7 million, and $920.4 million for the full year of 2024, representing growth of +3.7% and +1.3%, respectively, when compared to the same periods of the previous year. Both the quarter and the full year represent new records for the corporation, driven by strong growth from our combined Cannabis business of +16.5% in the fourth quarter and +10.6% over the full year. Gross profit also reached new records, with $68.8 million in the fourth quarter of 2024, and $240.3 million for the full year, representing growth of +20.0% and +26.2%, respectively, when compared to the same periods of the previous year. Gross margin (1) of 26.7% in the fourth quarter of 2024 and 26.1% for the full year are also new records, representing improvements of +3.6 and +5.2 percentage points, respectively, when compared to the same periods of the previous year. Operating loss was $(76.1) million for the fourth quarter of 2024, driven by a negative valuation adjustment of the SunStream portfolio of $(65.7) million, a Spiritleaf intangible write-off of $(15.0) million, and restructurin

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