Core Insights - SNDL Inc. has appointed Phil McBride as Chief Information Officer and Navroop Sandhawalia as President of the Liquor Division, aiming to enhance execution capabilities and drive growth strategy [1][2]. Group 1: Leadership Appointments - Phil McBride brings over 25 years of experience in consumer-packaged goods, financial services, and retail, with a focus on digital transformation and data analytics [2][3]. - Navroop Sandhawalia, who has been with SNDL since October 2023, has significantly improved performance management and operational efficiency within the liquor business [3]. Group 2: Company Overview - SNDL is the largest private-sector liquor and cannabis retailer in Canada, operating multiple retail banners including Ace Liquor and Spiritleaf [4]. - The company is also a licensed cannabis producer, specializing in low-cost biomass sourcing and indoor cultivation, with a diverse cannabis brand portfolio [4].

Core Viewpoint - SNDL Inc. has announced the renewal of its share repurchase program, allowing the company to repurchase up to C$100 million of its outstanding common shares, which aims to return value to shareholders [1][2]. Share Repurchase Program Details - The new Share Repurchase Program will commence on November 21, 2024, and will expire on November 20, 2025, with a maximum repurchase limit of approximately 13.2 million shares, representing 5% of the issued and outstanding shares at the start of the program [3][6]. - The company has the discretion to repurchase shares through various means, including open market purchases and privately negotiated transactions, based on market conditions and regulatory requirements [2][4]. - The actual number of shares repurchased and the timing will be determined by the company, and there is no obligation to repurchase a minimum number of shares [4][5]. Current Share Repurchase Status - Under the current share repurchase program, which began on November 21, 2023, SNDL aimed to repurchase up to C$100 million or 13.1 million shares, and as of November 14, 2024, the company had repurchased 727,829 shares at a weighted average price of approximately US$1.97 per share [6]. Company Overview - SNDL is the largest private-sector liquor and cannabis retailer in Canada, operating various retail banners and is a licensed cannabis producer with a diverse brand portfolio [7]. - The company focuses on low-cost biomass sourcing, indoor cultivation, and product innovation within the cannabis industry, aiming to deploy strategic capital through investments and partnerships [7].

Disclaimer Forward-looking statements Certain statements contained in this presentation may constitute forward-looking information and statements. All statements in this presentation, other than statements of historical fact, that address events or developments concerning SNDL Inc. ("SNDL" or the "Company") that SNDL expects to occur are "forward-looking information and statements". Forward-looking information and statements are often, but not always, identified by the use of words such as "seek", "anticipa ...

Financial Data and Key Metrics - Net revenue in Q3 2024 reached $236.9 million, a marginal decline compared to the prior year, driven by the Liquor retail segment, while the Cannabis segment posted an 8% growth [11] - Gross profit increased by $14.4 million or 30% year-over-year, with a record gross margin of 26.6%, up 610 basis points [11] - Free cash flow was positive at $9.2 million in Q3 2024, bringing year-to-date free cash flow to a negative $2.8 million, with expectations to meet or exceed full-year guidance [13] - Cash balances increased from $183 million on June 30 to $263 million on September 30, 2024, with no outstanding debt [9] Business Segment Performance Cannabis Segment - Combined Cannabis segment revenue grew 8% year-over-year, with Cannabis Retail contributing $5.6 million and Cannabis Operations contributing $4.1 million in net revenue growth [15] - Cannabis Operations achieved a record gross margin of 21.2%, driven by productivity initiatives and increased provincial board and B2B distribution [25][26] - Cannabis Retail saw a 7.4% increase in net revenue, driven by same-store sales growth, new store openings, and incremental revenue from Dutch Love stores [24] Liquor Retail Segment - Net revenue declined by $7.2 million or 4.8% year-over-year, impacted by market softness across North America [22] - Gross margin improved by 100 basis points to 25.6%, with operating income growing by $3.5 million or 42.5% compared to the prior year [23] Market and Strategic Initiatives - The company launched a restructuring program aimed at reducing corporate overheads, enhancing efficiency, and realizing annualized savings of over $20 million [7] - The acquisition of Indiva positions the company as a leader in the Canadian infused edibles category, with expected margin accretion [7][46] - The privatization of Nova ensures full benefit of cash flow and earnings potential for SNDL shareholders [35] Management Commentary on Industry and Outlook - The company remains focused on growth, profitability, and people, with strong momentum in the Cannabis segment and margin improvements across all segments [28][29] - Management expects continued margin expansion in Cannabis Operations, driven by productivity initiatives and automation [37][40] - The company is exploring opportunities for facility consolidation and monetization of noncore real estate to bolster cash balances [46] Other Important Information - The company achieved $15 million in productivity improvements in Q3, largely from Cannabis Operations, and $5 million in overhead savings [30] - Data licensing in Cannabis and Liquor Retail segments reached $4 million, a 6% increase from the previous quarter [30] - The company launched a strategic talent review and community engagement initiatives, emphasizing employee well-being and recognition [32] Q&A Session Summary Question: Nova Acquisition Rationale - The acquisition of the remaining minority stake in Nova ensures SNDL shareholders benefit fully from the cash flow and earnings potential of the retail business [35] Question: Cannabis Operations Margin Improvement - Margin improvements in Cannabis Operations are driven by productivity initiatives, including labor and automation efficiencies, with expectations for further expansion [37][40] Question: Capital Allocation and Share Repurchases - Capital allocation priorities include growth in Canadian retail and potential investments in U S assets, with ongoing share repurchases at discounted valuations [42][43] Question: Indiva Acquisition and Facility Consolidation - The Indiva acquisition is expected to be margin accretive, with plans for facility consolidation and monetization of noncore real estate [46][47] Question: Retail Environment and Illicit Market Pressures - The company acknowledges ongoing pressures from the illicit market but remains focused on convenience and value to compete effectively in the legal market [49][50]

Group 1 - SNDL Inc. has successfully acquired the business and assets of Indiva Limited for an estimated value of $22.7 million, as part of Indiva's proceedings under the Companies' Creditors Arrangement Act (CCAA) [1][2] - The acquisition includes Indiva's 40,000-square-foot production facility in London, Ontario, and a diverse brand portfolio featuring market leaders such as Pearls by Grön, No Future, and Bhang Chocolate [2] - This transaction is expected to enhance SNDL's position as a leading producer of cannabis products in Canada, particularly in the infused edibles category, by broadening its product portfolio [2] Group 2 - SNDL is recognized as the largest private-sector liquor and cannabis retailer in Canada, with a significant presence in the cannabis industry through various retail banners and a comprehensive brand portfolio [4] - The company specializes in low-cost biomass sourcing, premium indoor cultivation, product innovation, and low-cost manufacturing facilities, positioning itself as one of the largest vertically integrated cannabis companies in Canada [4]

CALGARY, AB, Oct. 24, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL") announced today that it will release its third quarter 2024 financial results for the period ended September 30, 2024, before market opens on Tuesday, November 5, 2024.Following the release of its third quarter results, SNDL will host a conference call and webcast at 10:00 a.m. EDT (8:00 a.m. MDT) on November 5, 2024.WEBCAST ACCESSTo access the live webcast of the call, please visit the following link:https://edge.media-server.com/m ...

CALGARY, AB, Oct. 21, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL") and Nova Cannabis Inc. (TSX: NOVC) ("Nova") are pleased to announce the closing of the previously announced plan of arrangement (the "Arrangement") pursuant to which SNDL has acquired all of the issued and outstanding common shares in the capital of Nova ("Nova Shares") not already owned by SNDL, representing approximately 34.8% of the Nova Shares. The Arrangement was approved by at least two-thirds of the holders of Nova Shares ("N ...

Core Insights - SNDL Inc. announced the retirement of Taranvir (Tank) Vander, President of the Liquor Division, after two decades in the liquor industry [1][2] - Tank Vander played a significant role in the growth of Ace Liquor Corporation and its partnership with Alcanna Inc., contributing to SNDL's record performance in the last two years [2] - Navroop Sandhawalia will serve as Interim President of the Liquor Division while SNDL searches for Vander's replacement [3] Company Overview - SNDL is a public company traded on Nasdaq under the symbol "SNDL" and is the largest private-sector liquor and cannabis retailer in Canada [4] - The company operates various retail banners, including Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis [4] - SNDL is also a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada, focusing on low-cost biomass sourcing and premium indoor cultivation [4]

The company is overcoming its former challenges quarter by quarter. SNDL (SNDL) looks like it's on the road to being a leading cannabis stock. Between making a lot of operational improvements and buying up a lot of local competitors, the company's cannabis segment in Canada is getting stronger and stronger, right when its alcohol business is picking up, too. And that's why it's in the running for the title of being the best cannabis stock this year, and it has a shot at winning next year as well. Here's wha ...

CALGARY, AB, Aug. 29, 2024 /PRNewswire/ - 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 Just ...