SNDL Inc. Faces Auditor Resignation After Firm Acquisition

TL;DR

SNDL's auditor, Marcum, just quit effective immediately after being acquired by another firm. Big accounting shakeup.

AI Summary

SNDL Inc. filed a Form 6-K on October 30, 2025, reporting a change in its independent registered public accounting firm. Marcum LLP resigned effective immediately on October 16, 2025, following its attestation business acquisition by CBIZ CPAs P.C. on November 1, 2024.

Why It Matters

A change in auditor can signal potential issues or changes in financial reporting scrutiny, which could impact investor confidence and stock price.

Risk Assessment

Risk Level: medium — Auditor resignations can sometimes precede or indicate underlying financial or accounting concerns, warranting closer investor attention.

Key Players & Entities

• SNDL Inc. (company) — Registrant
• Marcum LLP (company) — Former auditor
• CBIZ CPAs P.C. (company) — Acquiring firm
• October 16, 2025 (date) — Date of auditor resignation notification
• November 1, 2024 (date) — Date of Marcum's business acquisition

FAQ

From the Filing

0000947871-25-000938.txt : 20251030 0000947871-25-000938.hdr.sgml : 20251030 20251030085258 ACCESSION NUMBER: 0000947871-25-000938 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 10 CONFORMED PERIOD OF REPORT: 20251030 FILED AS OF DATE: 20251030 DATE AS OF CHANGE: 20251030 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 EIN: 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: 251432419 BUSINESS ADDRESS: ADDRESS IS A NON US LOCATION: YES STREET 1: 919 11 AVENUE SW STREET 2: SUITE 300 CITY: CALGARY PROVINCE COUNTRY: Z4 BUSINESS PHONE: 14039485227 MAIL ADDRESS: ADDRESS IS A NON US LOCATION: YES STREET 1: 919 11 AVENUE SW STREET 2: SUITE 300 CITY: CALGARY PROVINCE COUNTRY: Z4 FORMER COMPANY: FORMER CONFORMED NAME: Sundial Growers Inc. DATE OF NAME CHANGE: 20190131 6-K 1 ss5528558_6k.htm REPORT OF FOREIGN PRIVATE ISSUER 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 October 2025 Commission File Number 001-39005 SNDL INC. (Registrant’s name) #101, 17220 Stony Plain Road NW Edmonton, AB T5S 1K6 Tel.: (780) 944-9994 (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 ☒ EXPLANATORY NOTE On November 1, 2024, CBIZ CPAs P.C. (“CBIZ”) acquired the attestation business of Marcum LLP (“Marcum”). As a result of the acquisition of Marcum, on October 16, 2025, SNDL Inc. (the “Company”) was notified by Marcum, that Marcum will resign effective immediately. The audit committee and the Company’s board of directors approved the appointment of CBIZ as the Company’s independent registered public accounting firm effective as of October 17, 2025, to hold office until the Company’s next annual general meeting. INCORPORATION BY REFERENCE This report on Form 6-K shall be deemed to be incorporated by reference in SNDL’s registration statements on Form S-8 (File No. 333-286169, File No. 333-278683, File No. 333-269242, File No. 333-267510, File No. 333-262233 and File No. 333-233156) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished. 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: October 30, 2025 By: /s/ Matthew Husson Name: Matthew Husson Title: General Counsel & Corporate Secretary EXHIBITS Exhibit Description of Exhibit 99.1 Termination of Client-Auditor Relationship Letter 99.2 Notice of Change of Auditors 99.3 99.4 Letter of Marcum regarding Notice of Change to Canadian Securities Commissions Letter of CBIZ regarding Notice of Change to Canadian Securities Commissions EX-99.1 2 ss5528558_ex9901.htm TERMINATION OF CLIENT-AUDITOR RELATIONSHIP LETTER Exhibit 99.1 October 17, 2025 Mr. Alberto Paredero Chief Financial Officer Mr. Bryan Pinney Chairman of the Audit Committee SNDL Inc. 17220 Stony Plain RD #101 Edmonton, AB, Canada T5S 1K6 Re: SNDL Inc. Dear Messrs. Paredero and Pinney: This is to confirm that the client-auditor relationship between SNDL Inc. (Commission File Number 001-39005) and Marcum LLP has ceased effective October 16, 2025. Very truly yours, Sent Via E-Mail [Redacted: Email address] [Redacted: Email address] cc: Office of the Chief Accountant Securities and Exchange Commission Via E-Mail: SECPSletters@sec.gov Marcum LLP / 730 Third Avenue / 11th Floor / New York