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About SNDL Inc.
SNDL Inc. (Nasdaq: SNDL) is a leading private-sector liquor and cannabis retailer in Canada, recognized for its expansive retail network and vertically integrated operations. With retail banners such as Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf, SNDL operates hundreds of locations across the country, catering to diverse consumer preferences in the liquor and cannabis markets. The company’s liquor retail segment, which encompasses the sale of wines, beers, and spirits, generates the majority of its revenue, solidifying SNDL’s position as a dominant player in this sector.
In the cannabis retail space, SNDL is the largest private-sector operator in Canada by store count, with banners like Value Buds, Spiritleaf, Superette, and Firesale Cannabis. These stores focus on providing high-quality products at competitive prices, supported by data-driven insights that enhance customer experiences and optimize inventory management. SNDL’s cannabis operations extend beyond retail, encompassing premium indoor cultivation, innovative product development, and cost-efficient manufacturing. Its cannabis brand portfolio includes well-known names such as Top Leaf, Contraband, Palmetto, Bon Jak, and Vacay, offering a wide range of products from value to premium categories.
As a licensed cannabis producer, SNDL has embraced vertical integration to streamline its supply chain and reduce costs. The company’s advanced cultivation techniques and manufacturing facilities enable it to produce high-quality biomass and a diverse array of cannabis products, including edibles, concentrates, and inhalables. Recent acquisitions, such as Indiva Limited, have expanded SNDL’s footprint in the edibles market, adding renowned brands like Pearls by Grön and Bhang Chocolate to its portfolio.
In addition to its retail and production capabilities, SNDL operates a robust investment portfolio through strategic capital deployment in North American cannabis markets. This includes partnerships and joint ventures such as SunStream Bancorp, which focuses on acquiring and restructuring cannabis assets in the United States. These investments align with SNDL’s strategy to capitalize on emerging opportunities in the cannabis industry while maintaining regulatory compliance.
SNDL is committed to operational excellence and customer-centric innovation. Its recent organizational restructuring aims to enhance efficiency, reduce corporate overhead, and position the company for sustainable growth. By leveraging technology, data analytics, and its vertically integrated model, SNDL continues to strengthen its market position and deliver value to its stakeholders.
Headquartered in Calgary, Alberta, SNDL remains a key player in Canada’s liquor and cannabis industries, with a focus on quality, innovation, and customer satisfaction. Its diverse operations and strategic initiatives underscore its role as a leader in these dynamic markets.
Sundial Growers Inc. (Nasdaq: SNDL) will hold its Annual and Special Meeting for shareholders on July 21, 2022, at 1 p.m. MDT. The deadline for submitting proxies has been extended to 12 p.m. MDT on the same day to encourage shareholder participation. Currently, there is supermajority support for all resolutions; however, a quorum has not yet been reached. If there is no quorum, the meeting will be adjourned, leading to additional expenses. Shareholders can participate online, and detailed information is available on the company's website.
Sundial Growers Inc. (Nasdaq: SNDL) announces its Annual and Special Meeting of shareholders on July 21, 2022, at 1 p.m. MDT. Key agenda items include electing current board members and approving a share consolidation between 10:1 and 25:1 to comply with Nasdaq's $1 minimum bid requirement and avoid delisting. This consolidation may enhance trading liquidity and access to capital. Shareholders must vote by July 19, 2022. The meeting offers an online participation option for registered shareholders.
Sundial Growers announced an agreement to acquire Zenabis Global Inc. and its assets under a "stalking horse bid" as part of the Companies' Creditors Arrangement Act proceedings in Canada. The acquisition includes a 380,000 sq. ft. indoor cultivation facility in Atholville, New Brunswick, capable of producing approximately 46,000 kgs of dried cannabis annually, with EU GMP certification for international exports. The deal also encompasses a decommissioned facility in Stellarton, Nova Scotia. Zenabis contributed $11.1 million to consolidated net revenue in Q2 2022, with international revenues from Zenabis accounting for 54% of HEXO's total international sales.
Sundial Growers reported a 78% increase in net revenue to $17.6 million for Q1 2022, bolstered by the acquisition of Alcanna. The cannabis cultivation segment generated $8.8 million, while cannabis retail contributed $7.5 million. Despite challenges, gross margin improved to $3.4 million, compared to a loss in the previous year. The net loss narrowed to $38 million, a 72% improvement year-over-year. The company holds $1 billion in cash and investments with no debt, positioning itself strongly in a challenging market.
Sundial Growers (Nasdaq: SNDL) is set to release its first quarter financial results for the period ending March 31, 2022, on May 16, 2022, after market close. Following the results, a conference call and webcast will take place on May 17, 2022, at 10:30 a.m. EDT. Sundial operates in various sectors, including cannabis production and retail, liquor retail, and investments. The company, now the largest private sector cannabis and liquor retailer in Canada, utilizes a unique 'craft-at-scale' approach in its cannabis production.
Sundial Growers (NASDAQ: SNDL) reported its 2021 financial results, with net revenue of $56.1 million, an 8% decline year-over-year. The fourth quarter saw a 63% increase in revenue, totaling $22.7 million. Despite gross margin loss improvements, the company posted a net loss of $230.2 million for the year, up from $206.3 million in 2020. Adjusted EBITDA reached $32.1 million, compared to a loss of $25.6 million in 2020. Sundial emphasized ongoing efforts to enhance sustainability and supply chain efficiency and aims for positive cash flow in 2022.
Sundial Growers will participate in the Benzinga Cannabis Capital Conference on April 20-21, 2022, at Fontainebleau Miami Beach. CEO Zach George is scheduled to speak at 11:50 a.m. ET on April 20, and a livestream of his interview will be available. The company will also conduct one-on-one investor meetings throughout the event. Sundial operates in three segments: Cannabis Operations, Cannabis and Liquor Retail, and Investment Operations. It is the largest private sector cannabis and liquor retailer in Canada, with shares traded on Nasdaq under the symbol SNDL.
Sundial Growers (SNDL) announced that its external auditor expects to complete the audit and issue the financial statements for the year ended December 31, 2021, by April 29, 2022. This delay is attributed to new requirements for an auditor attestation report on internal controls due to the company’s growth. Sundial will also provide updates regarding a Management Cease Trade Order (MCTO) issued on April 1, 2022, that restricts trading for its CEO and CFO until filings are complete. Sundial remains committed to satisfying regulatory guidelines and ensuring no material undisclosed information exists.
Sundial Growers (SNDL) has received a Management Cease Trade Order (MCTO) from the Alberta Securities Commission due to a delay in filing its audited financial statements for the year ended December 31, 2021, beyond the March 31, 2022 deadline. This order restricts the CEO and CFO from trading the company's securities until the financial statements are filed, although other shareholders remain unrestricted. Sundial expects to complete the filings by April 14, 2022, and confirms no material changes or defaults since its previous announcement.
Sundial Growers Inc. (Nasdaq: SNDL) announced the completion of its acquisition of Alcanna Inc. for approximately $320 million. The acquisition strengthens Sundial's position as the largest private sector cannabis and liquor retailer in Canada, with a combined retail network of over 180 locations. Alcanna's liquor segment generated $25 million in operating cash flow, enhancing Sundial's cash flow stability. Following the acquisition, Sundial holds a 63% equity interest in Nova Cannabis, further expanding its cannabis retail footprint.
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