SNDL Inc. announces corporate update in latest SEC filing

Published 09/04/2025, 14:28
SNDL Inc. announces corporate update in latest SEC filing

CALGARY, AB - SNDL Inc. (formerly known as Sundial Growers Inc (NASDAQ:SNDL).), a company specializing in medicinal chemicals and botanical products, has filed a report with the United States Securities and Exchange Commission today. The document, identified as a Form 6-K, provides a corporate update for the Calgary-based organization, now operating under the name 03 Life Sciences. With a current market capitalization of $327 million and trading at $1.27, InvestingPro analysis indicates the stock is currently trading near its 52-week low of $1.26.

The SEC filing, dated April 9, 2025, indicates that SNDL Inc., which is incorporated in Alberta, Canada, and is listed under the SIC code 2833, has made the report public as part of its compliance with the Securities Exchange Act of 1934. The company's fiscal year end is December 31. According to InvestingPro data, SNDL maintains strong financial health with a current ratio of 5.1, indicating robust liquidity and ability to meet short-term obligations.

SNDL Inc. has confirmed in its filing that it will file annual reports under the cover of Form 40-F, which is utilized by certain Canadian registrants and other foreign private issuers under the SEC regulations.

The filing was signed by SNDL Inc.'s Chief Financial Officer, Alberto Paredero Quiros, who is duly authorized to act on behalf of the registrant. The business address and contact details remain the same as the previous filings, located at #300, 919 - 11 Avenue SW, Calgary, AB T2R 1P3, with a business phone number of (403) 948-5227.

This corporate update does not disclose specific financial details or operational changes but serves as a routine disclosure for the company. Investors and stakeholders are encouraged to review the full text of the SEC filing for a comprehensive understanding of SNDL Inc.'s current corporate status and compliance. For deeper insights into SNDL's financial health and future prospects, InvestingPro subscribers can access comprehensive analysis, including 14 additional ProTips and detailed financial metrics. The company's next earnings report is scheduled for May 19, 2025.

The information provided in this article is based on the press release statement from SNDL Inc. included in the SEC filing.

In other recent news, SNDL Inc reported its fourth-quarter 2024 earnings, revealing a slight earnings per share (EPS) beat and a significant revenue outperformance. The company posted an EPS of -0.0184, surpassing the forecast of -0.02, while actual revenue reached $257.68 million, exceeding the forecast of $248.14 million. SNDL also achieved a record full-year net revenue of $920 million, marking a 1.3% increase, along with a record gross profit of $240 million, reflecting a 26% growth. The company has been expanding its distribution network, adding 78 new distribution points in the quarter, and maintaining strong financial health with $218 million in unrestricted cash. Additionally, SNDL forecasts flat revenue growth in its liquor segment for 2025 but continues to focus on expanding its cannabis operations. The company also announced its application for listing on the Canadian Stock Exchange, which could provide shareholders with additional flexibility. Furthermore, the acquisition of Endiva positions SNDL as the largest manufacturer of infused edibles in Canada.

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