Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 6 experienced directors. No highly experienced directors. Independent Director James Cannell was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Apr 16
SNDL Inc. to Report Q1, 2026 Results on Apr 29, 2026 SNDL Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 29, 2026 Annonce • Mar 31
SNDL Inc. Announces Executive Changes for Cannabis Segment SNDL Inc. announced on March 30, 2026 that Tyler Robson, President of Cannabis, has left the Company in order to pursue other opportunities. Ryan Hellard, SNDL’s current Chief Strategy Officer, will assume the role of Interim President of Cannabis. The Company wishes Mr. Robson success in his future endeavours. Annonce • Feb 20
SNDL Inc. to Report Q4, 2025 Results on Mar 12, 2026 SNDL Inc. announced that they will report Q4, 2025 results Pre-Market on Mar 12, 2026 Annonce • Nov 22
SNDL Inc. (NasdaqCM:SNDL) announces an Equity Buyback for 24,500,000 shares, for CAD 100 million. SNDL Inc. (NasdaqCM:SNDL) announces a share repurchase program. Under the program, the company will repurchase up to 24,500,000 common shares, representing 10% of its issued share capital for CAD 100 million. The purpose of the program is opportunistically return value to shareholders. All shares purchased pursuant to the Share Repurchase Program will be returned to treasury for cancellation. The program is valid till November 20, 2026. Annonce • Oct 16
SNDL Inc. to Report Q3, 2025 Results on Nov 04, 2025 SNDL Inc. announced that they will report Q3, 2025 results at 9:30 AM, US Eastern Standard Time on Nov 04, 2025 Annonce • Jul 11
SNDL Inc. to Report Q2, 2025 Results on Jul 31, 2025 SNDL Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025 Annonce • Jun 23
SNDL Inc., Annual General Meeting, Jul 29, 2025 SNDL Inc., Annual General Meeting, Jul 29, 2025. Annonce • Apr 15
SNDL Inc. to Report Q1, 2025 Results on May 01, 2025 SNDL Inc. announced that they will report Q1, 2025 results Pre-Market on May 01, 2025 Annonce • Feb 26
SNDL Inc. to Report Q4, 2024 Results on Mar 18, 2025 SNDL Inc. announced that they will report Q4, 2024 results at 9:30 AM, US Eastern Standard Time on Mar 18, 2025 Annonce • Nov 22
SNDL Inc. Announces Executive Appointments SNDL Inc. announced the appointments of Phil McBride as Chief Information Officer and Navroop Sandhawalia as President, Liquor Division. Phil McBride joins SNDL with more than 25 years of experience across consumer-packaged goods, financial services and retail industries, having held leadership roles at OMERS, Molson Coors, Aeroplan, and Proctor & Gamble. His demonstrated capabilities include digital transformation, data analytics advancement, the integration of generative AI technologies, and stewardship of one of Canada's most successful loyalty programs. Navroop Sandhawalia, who joined SNDL in October 2023 as Vice President of Finance, and was promoted to Interim President, Liquor Division in September, has made significant contributions to performance management and operational efficiency, driving improved decision-making across the liquor business. His experience includes over 13 years at Loblaws where he held various roles within finance, analytics and data science. Annonce • Nov 15
SNDL Inc. (NasdaqCM:SNDL) announces an Equity Buyback for 13,200,000 shares, representing 5% for CAD 100 million. SNDL Inc. (NasdaqCM:SNDL) announces a share repurchase program. Under the program, the company will repurchase up to 13,200,000 common shares, representing 5% of its issued share capital for CAD 100 million. The purpose of the program is opportunistically return value to shareholders. All shares purchased pursuant to the Share Repurchase Program will be returned to treasury for cancellation. The program is valid till November 20, 2025. Annonce • Nov 06
SNDL Inc. (NasdaqCM:SNDL) completed the acquisition of remaining majority stake in Indiva Limited (TSXV:NDVA.H). SNDL Inc. (NasdaqCM:SNDL) enters into a stalking horse purchase agreement to acquire a remaining majority stake in Indiva Limited (TSXV:NDVA.H) for CAD 22.7 million on July 5, 2024. PricewaterhouseCoopers Inc. (The Monitor) currently estimates the value of the credit bid and cash consideration payable by SNDL under the Bid Agreement to be in the range of approximately CAD 25 million to CAD 28 million. As of July 8, 2024, the Court has approved the sale process. The Transaction is anticipated to close during SNDL's fourth quarter following the receipt of all such approvals. Indiva will seek approval for the Transaction from the Court on or about September 19, 2024. As per filing on August 29, 2024, stalking horse bid of SNDL has been chosen as the successful bid in the acquisition of Indiva. McCarthy Tétrault LLP is acting as legal counsel for SNDL, Bennett Jones LLP is acting as legal counsel for the Indiva Group, and Osler Hoskin & Harcourt LLP is acting as legal counsel for PricewaterhouseCoopers Inc. (the monitor).
SNDL Inc. (NasdaqCM:SNDL) completed the acquisition of remaining majority stake in Indiva Limited (TSXV:NDVA.H) on November 4, 2024. Annonce • Oct 25
SNDL Inc. to Report Q3, 2024 Results on Nov 05, 2024 SNDL Inc. announced that they will report Q3, 2024 results Pre-Market on Nov 05, 2024 Annonce • Oct 22
SNDL Inc. (NasdaqCM:SNDL) completed the acquisition of 34.80% stake in Nova Cannabis Inc. (TSX:NOVC). SNDL Inc. (NasdaqCM:SNDL) agreed to acquire 34.80% stake in Nova Cannabis Inc. (TSX:NOVC) for CAD 72.4 million on August 12, 2024. Under the terms of the Agreement, Nova's shareholders will receive CAD 1.75 in cash for each Nova Share. Nova shareholders also have the ability to elect to receive, in lieu of the Cash Consideration, 0.58 of a common share of SNDL for each Nova Share, subject to proration and a maximum of 50% of the aggregate Consideration being payable in SNDL Shares. The Agreement also provides for the payment of a termination fee of CAD 800,000 payable to SNDL by Nova in the event the Transaction is terminated in certain specified circumstances. Following the closing of the Transaction, the Nova Shares are expected to be delisted from the TSX and Nova will apply to cease to be a reporting issuer in all provinces and territories of Canada. The transaction is subject to Key Regulatory Approvals. The Transaction has been approved by the boards of directors of both SNDL and Nova. As of October 16, 2024, The Transaction has been approved by Nova shareholders. The Transaction is expected to close on or before October 18, 2024. Ranjeev Dhillon and Rami Chalabi of McCarthy Tétrault LLP is acting as legal counsel to SNDL. Eight Capital is acting as financial advisor and Jon Truswel of Bennett Jones LLP is acting as legal counsel to Nova. Eight Capital Inc. acted as fairness opinion provider to Nova.
SNDL Inc. (NasdaqCM:SNDL) completed the acquisition of 34.80% stake in Nova Cannabis Inc. (TSX:NOVC) on October 21, 2024. In connection with the Arrangement, SNDL intends to appoint to its board of directors J. Carlo Cannell. The Court of King's Bench of Alberta granted a final order approving the Arrangement on October 17, 2024. The Nova Shares are expected to be delisted from the TSX and the OTC Markets. Following the delisting of the Nova Shares, Nova intends to submit an application to cease to be a reporting issuer in each applicable jurisdiction of Canada pursuant to applicable securities laws, and, following which, SNDL intends to amalgamate with Nova pursuant to the provisions of the Business Corporations Act (Alberta). Odyssey Trust Company acted as depository to Nova Cannabis. Annonce • Oct 21
SNDL Inc. Appoints J. Carlo to Its Board of Directors SNDL Inc. announced that in connection with the Arrangement, SNDL intends to appoint to its board of directors J. Carlo, 61, a leading practitioner of special situations since the formation of Cannell Capital in 1992. Breakeven Date Change • Oct 16
No longer forecast to breakeven The 2 analysts covering SNDL no longer expect the company to break even during the foreseeable future. The company was expected to make a profit of CA$3.90m in 2025. New consensus forecast suggests the company will make a loss of CA$14.5m in 2025. Annonce • Aug 14
SNDL Inc. (NasdaqCM:SNDL) agreed to acquire 34.80% stake in Nova Cannabis Inc. (TSX:NOVC) for CAD 72.39 million. SNDL Inc. (NasdaqCM:SNDL) agreed to acquire 34.80% stake in Nova Cannabis Inc. (TSX:NOVC) for CAD 72.39 million on August 13, 2024. Under the terms of the Agreement, Nova's shareholders will receive CAD 1.75 in cash for each Nova Share. Nova shareholders also have the ability to elect to receive, in lieu of the Cash Consideration, 0.58 of a common share of SNDL for each Nova Share, subject to proration and a maximum of 50% of the aggregate Consideration being payable in SNDL Shares. The Agreement also provides for the payment of a termination fee of CAD 800,000 payable to SNDL by Nova in the event the Transaction is terminated in certain specified circumstances. Following the closing of the Transaction, the Nova Shares are expected to be delisted from the TSX and Nova will apply to cease to be a reporting issuer in all provinces and territories of Canada. The Transaction has been approved by the boards of directors of both SNDL and Nova. The Transaction is expected to close on or before October 18, 2024. McCarthy Tétrault LLP is acting as legal counsel to SNDL. Eight Capital is acting as financial advisor and Bennett Jones LLP is acting as legal counsel to Nova. Eight Capital Inc. acted as fairness opinion provider to Nova. Annonce • Jul 20
SNDL Inc. to Report Q2, 2024 Results on Aug 02, 2024 SNDL Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 02, 2024 Annonce • Jun 24
SNDL Inc., Annual General Meeting, Jul 30, 2024 SNDL Inc., Annual General Meeting, Jul 30, 2024. New Risk • May 10
New major risk - Revenue and earnings growth Earnings have declined by 11% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Earnings have declined by 11% per year over the past 5 years. Annonce • May 10
SNDL Inc. Reports Asset Impairment Charges for the First Quarter Ended March 31, 2024 SNDL Inc. reported asset impairment charges for the first quarter ended March 31, 2024. For the quarter, the company reported asset impairment of $1,656,000 against $807,000 a year ago. Reported Earnings • May 09
First quarter 2024 earnings released: CA$0.01 loss per share (vs CA$0.13 loss in 1Q 2023) First quarter 2024 results: CA$0.01 loss per share (improved from CA$0.13 loss in 1Q 2023). Revenue: CA$197.8m (down 2.3% from 1Q 2023). Net loss: CA$2.55m (loss narrowed 93% from 1Q 2023). Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 3.3% growth forecast for the Pharmaceuticals industry in Germany. Over the last 3 years on average, earnings per share has increased by 61% per year but the company’s share price has fallen by 25% per year, which means it is significantly lagging earnings. Annonce • Apr 28
SNDL Inc. to Report Q1, 2024 Results on May 09, 2024 SNDL Inc. announced that they will report Q1, 2024 results Pre-Market on May 09, 2024 Reported Earnings • Mar 22
Full year 2023 earnings released: CA$0.67 loss per share (vs CA$1.46 loss in FY 2022) Full year 2023 results: CA$0.67 loss per share (improved from CA$1.46 loss in FY 2022). Revenue: CA$909.0m (up 28% from FY 2022). Net loss: CA$168.1m (loss narrowed 50% from FY 2022). Revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Pharmaceuticals industry in Germany. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has fallen by 48% per year, which means it is significantly lagging earnings. Annonce • Mar 02
SNDL Inc. to Report Fiscal Year 2023 Results on Mar 21, 2024 SNDL Inc. announced that they will report fiscal year 2023 results Pre-Market on Mar 21, 2024 Reported Earnings • Nov 14
Third quarter 2023 earnings released: CA$0.08 loss per share (vs CA$0.41 loss in 3Q 2022) Third quarter 2023 results: CA$0.08 loss per share (improved from CA$0.41 loss in 3Q 2022). Revenue: CA$237.6m (up 3.1% from 3Q 2022). Net loss: CA$21.8m (loss narrowed 78% from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 98% per year but the company’s share price has fallen by 15% per year, which means it is significantly lagging earnings. Annonce • Nov 14
SNDL Inc. (NasdaqCM:SNDL) announces an Equity Buyback for 13,100,000 shares, representing 5% for CAD 100 million. SNDL Inc. (NasdaqCM:SNDL) announces a share repurchase program. Under the program, the company will repurchase up to 13,100,000 common shares, representing 5% of its issued share capital for CAD 100 million. The purpose of the program is opportunistically return value to shareholders. All shares purchased pursuant to the Share Repurchase Program will be returned to treasury for cancellation. The program is valid till November 20, 2024. Annonce • Oct 28
SNDL Inc. to Report Q3, 2023 Results on Nov 13, 2023 SNDL Inc. announced that they will report Q3, 2023 results Pre-Market on Nov 13, 2023 Annonce • Sep 16
SNDL Inc. Launches New E-Commerce Platform for its Destination Liquor Retail banner, Wine and Beyond SNDL Inc. launched a new e-commerce platform for its destination liquor retail banner, Wine and Beyond. The platform aims to enhance accessibility and reach for the banner's expansive product selection, featuring rare spirits, local and international beers, and distinctive wines. Wine and Beyond's online catalogue features nearly 9,000 offerings, with fresh additions and new deals added weekly, backed by the banner's "Best Price Promise". Customers can further tailor their selections through product tasting notes and expertly curated food pairings and expand their knowledge through informed and seasonally relevant blog posts. The Company has 11 Wine and Beyond locations in Alberta and one in British Columbia, with plans to expand into Saskatchewan by 2024. Reported Earnings • Aug 15
Second quarter 2023 earnings released: CA$0.12 loss per share (vs CA$0.31 loss in 2Q 2022) Second quarter 2023 results: CA$0.12 loss per share (improved from CA$0.31 loss in 2Q 2022). Revenue: CA$244.5m (up 9.3% from 2Q 2022). Net loss: CA$29.4m (loss narrowed 60% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 104% per year but the company’s share price has fallen by 27% per year, which means it is significantly lagging earnings. Annonce • Aug 04
SNDL Inc. to Report Q2, 2023 Results on Aug 14, 2023 SNDL Inc. announced that they will report Q2, 2023 results Pre-Market on Aug 14, 2023 New Risk • Jul 20
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 9.8% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (9.8% average weekly change). Earnings have declined by 25% per year over the past 5 years. Minor Risk Shareholders have been diluted in the past year (9.3% increase in shares outstanding). Annonce • Jun 07
SNDL Inc. Announces Chief Financial Officer Changes SNDL Inc. announced the appointment of seasoned financial executive Alberto Paredero-Quiros as its new Chief Financial Officer. Mr. Paredero-Quiros brings more than 25 years of management experience in the consumer goods and pharmaceutical industries, with demonstrated leadership and financial expertise in world-class global organizations. He has held senior management roles for companies such as MondelezInternational Inc., Novartis, Newell Brands Inc., and Procter & Gamble Company, bringing extensive experience in public company reporting, mergers and acquisitions, internal controls and general financial and operational management. Mr. Paredero-Quiros' appointment will take effect on July 1, 2023. The company announced the retirement of Jim Keough for his pivotal role in building and shaping the Company for the past five years. Annonce • May 19
SNDL Inc., Annual General Meeting, Jul 27, 2023 SNDL Inc., Annual General Meeting, Jul 27, 2023. Annonce • May 10
SNDL Inc. to Report Q1, 2023 Results on May 15, 2023 SNDL Inc. announced that they will report Q1, 2023 results Pre-Market on May 15, 2023 Breakeven Date Change • Apr 26
Forecast breakeven date moved forward to 2023 The analyst covering SNDL previously expected the company to break even in 2024. New forecast suggests the company will make a profit of CA$11.0m in 2023. Earnings growth of 125% is required to achieve expected profit on schedule. Breakeven Date Change • Apr 25
Forecast breakeven date moved forward to 2023 The 2 analysts covering SNDL previously expected the company to break even in 2024. New consensus forecast suggests the company will make a profit of CA$11.0m in 2023. Earnings growth of 125% is required to achieve expected profit on schedule. Breakeven Date Change • Mar 10
Forecast breakeven date moved forward to 2023 The 3 analysts covering SNDL previously expected the company to break even in 2024. New consensus forecast suggests losses will reduce by 7.1% to 2022. The company is expected to make a profit of CA$11.0m in 2023. Average annual earnings growth of 81% is required to achieve expected profit on schedule. Annonce • Feb 14
SNDL Inc. Provides Earnings Guidance for the Fourth Quarter of 2022 SNDL Inc. provided earnings guidance for the fourth quarter of 2022. The Company expects to report record net revenue and net cash provided by operating activities for the fourth quarter of 2022. Annonce • Feb 08
SNDL Inc. (NasdaqCM:SNDL) completed the acquisition of Substantially all of the business and assets of Superette. SNDL Inc. (NasdaqCM:SNDL) entered into a Stalking Horse Agreement to acquire Substantially all of the business and assets of Superette on August 29, 2022. The consideration for the Stalking Horse Agreement is made up of (i) a credit bid and set-off of debt owing to SNDL through the assumption of certain assumed liabilities; and (ii) the cash payment of certain statutory priority payments and costs of terminating the CCAA proceeding and winding-down the relevant Superette entities. SNDL has agreed to provide up to an additional $2.1 million in pre-CCAA and debtor-in-possession financing for Superette for a total amount of $6.9 million. The comeback hearing is scheduled on September 9, 2022, Superette intends to seek approval of an amended and restated initial order and order approving a sale and investment solicitation process. The transaction is subject to Pre-Closing Reorganization Steps, approval of AGCO and other customary closing conditions. As of September 9, 2022, the transaction has been approved by the court. As of December 20, 2022, Ontario Superior Court of Justice approval the transaction. Jamey Gage of McCarthy Tétrault LLP is acting as legal counsel to SNDL. Joseph J. Bellissimo and Monique Sassi of Cassels, Brock & Blackwell LLP is acting as legal counsel to Superette. Michael McTaggart of PricewaterhouseCoopers Inc. is acting as a monitor of Superette with respect to the CCAA Proceedings and is represented by Sean H. Zweig and Mike Shakra of Bennett Jones LLP.
SNDL Inc. (NasdaqCM:SNDL) completed the acquisition of Substantially all of the business and assets of Superette on February 7, 2023. Annonce • Nov 17
SNDL Inc. (NasdaqCM:SNDL) announces an Equity Buyback for 11,800,000 shares, representing 5% for CAD 100 million. SNDL Inc. (NasdaqCM:SNDL) announces a share repurchase program. Under the program, the company will repurchase up to 11,800,000 common shares, representing 5% of its issued share capital for CAD 100 million. The purpose of the program is to to opportunistically return value to shareholders. All shares purchased pursuant to the Share Repurchase Program will be returned to treasury for cancellation. The program is valid till November 20, 2023. Annonce • Oct 29
SNDL Inc. to Report Q3, 2022 Results on Nov 14, 2022 SNDL Inc. announced that they will report Q3, 2022 results on Nov 14, 2022 Annonce • Sep 01
SNDL Inc. (NasdaqCM:SNDL) entered into a Stalking Horse Agreement to acquire Substantially all of the business and assets of Superette. SNDL Inc. (NasdaqCM:SNDL) entered into a Stalking Horse Agreement to acquire Substantially all of the business and assets of Superette on August 30, 2022. The consideration for the Stalking Horse Agreement is made up of (i) a credit bid and set-off of debt owing to SNDL through the assumption of certain assumed liabilities; and (ii) the cash payment of certain statutory priority payments and costs of terminating the CCAA proceeding and winding-down the relevant Superette entities. SNDL has agreed to provide up to an additional $2.1 million in pre-CCAA and debtor-in-possession financing for Superette for a total amount of $6.9 million.
The comeback hearing is scheduled on September 9, 2022, Superette intends to seek approval of an amended and restated initial order and order approving a sale and investment solicitation process.
McCarthy Tétrault LLP is acting as legal counsel to SNDL. Cassels, Brock & Blackwell LLP is acting as legal counsel to Superette. PricewaterhouseCoopers Inc. is acting as a monitor of Superette with respect to the CCAA Proceedings and is represented by Bennett Jones LLP. Annonce • Aug 03
SNDL Inc. to Report Q2, 2022 Results on Aug 12, 2022 SNDL Inc. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 12, 2022 Annonce • Jul 26
Sundial Growers Inc. Announces Resignation of David Gordey as Chief Administrative Officer, Effective July 29, 2022 Sundial Growers Inc. announced resignation of David Gordey as Chief Administrative Officer, effective July 29, 2022. Annonce • Jul 07
Simply Solventless Concentrates Ltd. completed the acquisition of Fully Licenced Cultivation and Processing Facility of Sundial Growers Inc.. from Sundial Growers Inc. (NasdaqCM:SNDL). Simply Solventless Concentrates Ltd. entered into an asset purchase agreement to acquire Fully Licenced Cultivation and Processing Facility of Sundial Growers Inc. from Sundial Growers Inc. (NasdaqCM:SNDL) for CAD 5 million on September 2, 2021. Consideration for the Rocky View Facility is comprised of CAD 1.5 million cash and a CAD 3.5 million mortgage in favour of Sundial. Simply Solventless Concentrates has launched a private placement of convertible debentures for proceeds of $1 million and the proceeds will be used for inventory, minor capital expenditures, the advancement of its branded product strategy and general working capital purposes. Simply Solventless Concentrates' Licence Agreement with Sundial Growers with regard to the facility will terminate upon closing of the transaction. It is anticipated that the transaction will close in late Q4 2021 or Q1 2022 upon receipt of SSC's Health Canada licences.
Simply Solventless Concentrates Ltd. completed the acquisition of Fully Licenced Cultivation and Processing Facility of Sundial Growers Inc.. from Sundial Growers Inc. (NasdaqCM:SNDL) on July 6, 2022. Annonce • May 14
Sundial Growers Inc. to Report Q1, 2022 Results on May 16, 2022 Sundial Growers Inc. announced that they will report Q1, 2022 results After-Market on May 16, 2022 Annonce • Apr 16
Sundial Growers Inc., Annual General Meeting, Jun 27, 2022 Sundial Growers Inc., Annual General Meeting, Jun 27, 2022. Annonce • Mar 29
Sundial Growers Inc. to Report Q4, 2021 Results on Apr 14, 2022 Sundial Growers Inc. announced that they will report Q4, 2021 results on Apr 14, 2022 Annonce • Feb 09
Sundial Receives 180-Day Extension by Nasdaq to Regain Compliance with Minimum Bid Rule Sundial Growers Inc. announced that it has received an extension of 180 calendar days to regain compliance with Nasdaq's minimum bid price requirement. As previously reported, the Company was notified by Nasdaq on August 9, 2021 that the bid price for its common shares was not in compliance with the Nasdaq minimum bid price requirement. At that time, the Company was required to regain compliance by February 7, 2022. The extension will allow the Company to regain compliance if the bid price for the Company's common shares closes at or above $1.00 per share for a minimum of 10 consecutive trading days before August 8, 2022. Annonce • Sep 04
Simply Solventless Concentrates Ltd. entered into an asset purchase agreement to acquire Fully Licenced Cultivation and Processing Facility of Sundial Growers Inc. from Sundial Growers Inc. (NasdaqCM:SNDL) for CAD 5 million. Simply Solventless Concentrates Ltd. entered into an asset purchase agreement to acquire Fully Licenced Cultivation and Processing Facility of Sundial Growers Inc. from Sundial Growers Inc. (NasdaqCM:SNDL) for CAD 5 million on September 2, 2021. Consideration for the Rocky View Facility is comprised of CAD 1.5 million cash and a CAD 3.5 million mortgage in favour of Sundial. Simply Solventless Concentrates' Licence Agreement with Sundial Growers with regard to the facility will terminate upon closing of the transaction. It is anticipated that the transaction will close in late Q4 2021 or Q1 2022 upon receipt of SSC's Health Canada licences. Annonce • May 13
An unknown byer acquired 25% stake in Pathway RX Inc from Sundial Growers Inc. (NasdaqCM:SNDL). An unknown byer acquired 25% stake in Pathway RX Inc from Sundial Growers Inc. (NasdaqCM:SNDL) on March 23, 2021. Sundial Growers Inc decreased from 50% to 25%, resulting in a loss of control. As a result of the loss of control, Sundial has de-recognized the assets and liabilities of Pathway, and the non-controlling interest arising upon the acquisition of Pathway. A loss on loss of control of $1.9 million was recognized during the three months ended March 31, 2021.
An unknown byer completed the acquisition of 25% stake in Pathway RX Inc from Sundial Growers Inc. (NasdaqCM:SNDL) on March 23, 2021. Annonce • May 07
Sundial Growers Inc. (NasdaqCM:SNDL) entered into an agreement to acquire Inner Spirit Holdings Ltd. (CNSX:ISH) for approximately CAD 120 million. Sundial Growers Inc. (NasdaqCM:SNDL) entered into an agreement to acquire Inner Spirit Holdings Ltd. (CNSX:ISH) for approximately CAD 120 million on May 5, 2021. Under the terms of the Agreement, Inner Spirit's shareholders will receive, for each Inner Spirit common share held, (i) $0.30 in cash and (ii) 0.0835 of a Sundial common share. The Agreement also provides for the payment of a reciprocal termination fee of $4 million in the event the Transaction is terminated in certain specified circumstances. The implementation of the Transaction will be subject to the approval of at least two thirds of the shares voted by Inner Spirit shareholders at a special meeting expected to be convened by Inner Spirit in July 2021, and the receipt of applicable orders from the Court of Queen's Bench of Alberta and applicable regulatory approvals. The Transaction has been unanimously approved by the Boards of Directors of Sundial and Inner Spirit and has resolved to recommend that Inner Spirit shareholders vote in favour of the Transaction. The transaction is expected to close early in the third quarter of 2021.
Echelon Capital Markets, financial advisor to Inner Spirit, has provided a fairness opinion to the Board of Directors of Inner Spirit. ATB Capital Markets is acting as financial advisor to Sundial. McCarthy Tétrault LLP is acting as legal counsel to Sundial. Burstall LLP is acting as legal counsel to Inner Spirit. Annonce • Mar 16
Sundial and SAF Group Announce Strategic Capital Partnership Sundial Growers Inc. announced they have entered into an agreement to form a 50/50 joint venture through a new corporation, SunStream Bancorp Inc. The Joint Venture will leverage a strategic financial and operational partnership to generate asymmetrically enhanced risk-return opportunities in the cannabis industry to provide exposure to a portfolio of attractive debt, equity and hybrid investments. The Joint Venture will focus on cannabis-related verticals, seeking both Canadian and international opportunities and investments. The Joint Venture's first mandate is the formation of a special opportunities fund with commitments from third party limited partners alongside an initial commitment from Sundial of $100 million. The Joint Venture expects to pursue additional potential mandates, including a Canadian SPAC and other investments. Annonce • Mar 03
Sundial Growers Inc. to Report Q4, 2020 Results on Mar 17, 2021 Sundial Growers Inc. announced that they will report Q4, 2020 results After-Market on Mar 17, 2021 Annonce • Feb 18
Sundial Regains Compliance with Nasdaq Minimum Bid Price Rule Sundial Growers Inc. announced that the Nasdaq Stock Market ("Nasdaq") has confirmed that the Company has regained compliance with Nasdaq's minimum bid price requirements for continued listing on the Nasdaq Capital Market. As a result of the closing bid price of the Sundial's common shares having been at $1.00 per share or greater for at least ten consecutive business days, the Company has regained compliance with Nasdaq's Listing Rule, and the matter is now closed. Annonce • Feb 04
Sundial Growers Inc. has completed a Composite Units Offering in the amount of $100 million. Sundial Growers Inc. has completed a Composite Units Offering in the amount of $100 million.
Security Name: Series A Units
Security Type: Equity/Derivative Unit
Securities Offered: 100,000,000
Price\Range: $0.75
Security Name: Series B Units
Security Type: Equity/Derivative Unit
Securities Offered: 33,333,334
Price\Range: $0.7499
Transaction Features: Registered Direct Offering Annonce • Jan 12
Sundial Growers Inc. Announces the Launch of Premium Concentrates Products Under Its Top Leaf Brand Sundial Growers Inc. launched high-quality cannabis derivative products under the Top Leaf brand in response to rising consumer demands for solventless cannabis extracts. This most recent launch is consistent with Sundial's focus on premium inhalables, following branded retail offerings of flower, pre-roll and vape cartridges. Sundial has launched a bubble hash product under its Top Leaf brand and will launch other products such as pressed hash and live rosin with capabilities to expand future product offerings through different Sundial brands in the coming quarters. Solventless concentrates from Top Leaf brands are available for purchase in B.C. and Alberta, with plans to be available across the country in the coming months. The Top Leaf brand currently offers Pink Kush and Bubba in the bubble hash format. All Top Leaf concentrate products are produced from high-quality, single-strain, fresh-frozen flower that is produced to preserve its terpene and cannabinoid profile. There are no additives, no fillers and no artificial flavors added to the products. Sundial plans on providing additional offerings in the first quarter of 2021 including Top Leaf's Oregon Golden Goat bubble hash and Grasslands' Sativa & Indica hash. Annonce • Jan 01
Sundial Growers Inc. (NasdaqCM:SNDL) acquired Senior Secured Loans of Zenabis Investments Ltd for CAD 58.9 million. Sundial Growers Inc. (NasdaqCM:SNDL) acquired Senior Secured Loans of Zenabis Investments Ltd for CAD 58.9 million on December 30, 2020. Pursuant to the terms of the Senior Loan, Zenabis will also pay Sundial a royalty based on quarterly sales revenue from its medical, recreational and wholesale cannabis lines net of value added or sales taxes which will be payable each fiscal quarter as follows 3.5% of Net Cannabis Revenue where Net Cannabis Revenue does not exceed CAD 25 million, 3.0% of Net Cannabis Revenue where Net Cannabis Revenue exceeds CAD 25 million but not CAD 30 million, 2.5% of Net Cannabis Revenue where Net Cannabis Revenue exceeds CAD 30 million but not CAD 37.5 million; and 2.0% of Net Cannabis Revenue where Net Cannabis Revenue exceeds CAD 37.5 million. Consideration was funded from Sundial's available cash reserves totaling $110 million prior to the acquisition's closing.
Sundial Growers Inc. (NasdaqCM:SNDL) completed the acquisition of Senior Secured Loans of Zenabis Investments Ltd on December 30, 2020. Annonce • Dec 29
Sundial Announces Concentrates Licence Agreement with Simply Solventless Sundial Growers Inc. announced that it has entered into a licence agreement with Simply Solventless Concentrates Ltd. for the processing and manufacturing of a suite of solventless cannabis concentrates products by Sundial in its Rocky View facility using SSC's intellectual property. The Agreement will enable Sundial to utilize its Rocky View asset, while enhancing its focus on producing premium inhalables. The new agreement also provides the Company the opportunity to leverage SSC's knowledge and expertise regarding concentrates manufacturing with an expanded line of products. Under the Agreement, SSC will receive a royalty on the sale of products manufactured using the SSC brand and technology. SSC will supply the non-cannabis materials to produce SSC concentrate products, in addition to paying Sundial a monthly administration fee. A minimum of 75% of the cannabis materials required for the processing and manufacturing of SSC products will be cultivated by Sundial unless such inventory is unavailable.
Sundial expects to scale the distribution of SSC products across the country, with the first SSC products targeted to be in stores in the second quarter of 2021. With SSC's support, Sundial will utilize its craft at scale approach to produce and package the cannabis concentrate products, while leveraging its established sales and distribution infrastructure to get the products to market with speed and scale. Annonce • Dec 13
Sundial Growers Transfers Listing to Extend Regaining Compliance Period On December 11, 2020, Sundial Growers Inc. announced that it has received approval to transfer the listing of its common shares to the Nasdaq Capital Market. The Company had sought the transfer to take advantage of the additional 180 calendar day compliance period offered on the Nasdaq Capital Market, which will extend the period that the Company has to regain compliance with Nasdaq's minimum bid price requirement. The transfer is expected to become effective on December 15, 2020. As previously reported, the Company was notified by Nasdaq on May 12, 2020 that the bid price for its common shares was not in compliance with the Nasdaq minimum bid price requirement. At that time, the Company had until December 28, 2020 to regain compliance. The anticipated extension will allow the Company to regain compliance if for a minimum of 10 consecutive business days before June 26, 2021 the bid price for the Company's common shares closes at or above $1.00 per share. The Company intends to monitor the closing bid price of its common shares and has given written assurance to Nasdaq that it will, if necessary, implement available options to regain compliance with the minimum bid price requirement, including a reverse stock split. Is New 90 Day High Low • Dec 01
New 90-day high: €0.60 The company is up 138% from its price of €0.25 on 02 September 2020. The German market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Pharmaceuticals industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Analyst Estimate Surprise Post Earnings • Nov 12
Revenue misses expectations Revenue missed analyst estimates by 43%. Over the next year, revenue is forecast to grow 36%, compared to a 3.3% growth forecast for the Pharmaceuticals industry in Germany. Reported Earnings • Nov 12
Third quarter 2020 earnings released: CA$0.53 loss per share The company reported a soft third quarter result with weaker revenues and control over expenses, though losses reduced. Third quarter 2020 results: Revenue: CA$12.9m (down 62% from 3Q 2019). Net loss: CA$71.4m (loss narrowed 27% from 3Q 2019). Annonce • Nov 10
Sundial Growers Inc. Enters into Sales and Distribution Agreement with Choklat Inc Sundial Growers Inc. announced that it has entered into a sales and distribution agreement with Choklat Inc. The new collaboration between the two Alberta-based companies provides Sundial the opportunity to continue to expand its product portfolio and enter the edible market. As part of the contractual arrangement, Sundial and Choklat will launch a cannabis-infused confectionary brand, offering a selection of chocolate bars, drinking chocolate and infused sugar, all containing 10 milligrams of THC, the highest amount legal to sell in a single edible serving in Canada. Both companies expect to scale the collaboration across the country with first product targeting to be in-stores ahead of the holiday season in Alberta. Under the terms of the Agreement, Choklat will produce and package the products and Sundial will use its sales and distribution infrastructure to get the product on retailers' shelves. This agreement will enable both companies to capitalize on what they do best, which is produce conventional chocolate products for Choklat and produce premium cannabis products for Sundial. Choklat has a proven track record of producing craft chocolate confections, using the best quality ingredients. Choklat products are currently available in 110 groceries stores across Alberta and is producing its cannabis-infused confections in its 6,000 square-foot facility located in Calgary, Alberta. Sundial will ensure rigorous testing protocols are in place to guarantee the high-quality products its consumers are used to, as well as using only cannabis products with no fillers, additives or artificial flavouring. Annonce • Oct 30
Sundial Growers Inc. to Report Q3, 2020 Results on Nov 11, 2020 Sundial Growers Inc. announced that they will report Q3, 2020 results at 5:00 PM, Eastern Standard Time on Nov 11, 2020 Annonce • Aug 21
Sundial Growers Inc. has completed a Composite Units Offering in the amount of $20.048572 million. Sundial Growers Inc. has completed a Composite Units Offering in the amount of $20.048572 million.
Security Name: Series A Units
Security Type: Equity/Derivative Unit
Securities Offered: 25,820,000
Price\Range: $0.5
Discount Per Security: $0.03
Security Name: Series B Units
Security Type: Equity/Derivative Unit
Securities Offered: 14,280,000
Price\Range: $0.4999
Discount Per Security: $0.029994
Transaction Features: Registered Direct Offering Annonce • Aug 18
Sundial Growers Inc. announced that it has received $18 million in funding On June 8, 2020, Sundial Growers Inc. (NasdaqGS:SNDL) closed the transaction. The transaction included participation from institutional investors. The conversion price of the notes is subject to adjustment in the event the company sells shares of common stock or common stock equivalents for less than $1 per share in the future, subject to customary excluded issuances. The company also issued warrants to purchase 14,457,059 shares at an exercise price of $0.9338 per warrant. The warrants will expire 3.5 years from the date that the underlying shares become freely tradable. Annonce • Jul 31
Sundial Growers Inc. to Report Q2, 2020 Results on Aug 13, 2020 Sundial Growers Inc. announced that they will report Q2, 2020 results at 5:00 PM, Eastern Standard Time on Aug 13, 2020