SNDL Inc 6-K, filed Jun 22, 2023
SNDL Inc. (SNDL)
About this 6-K
SNDL Inc filed this 6-K on June 22, 2023.
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 June 2023
Commission File Number 001-39005
SNDL INC.
(Registrant’s name)
#300, 919 - 11 Avenue SW
Calgary, AB T2R 1P3
Tel.: (403) 948-5227
(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 ☐
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.
| SUNDIAL GROWERS INC. | ||||||
| Date: June 22, 2023 | By: | /s/ James Keough | ||||
| Name: | James Keough | |||||
| Title: | Chief Financial Officer | |||||
EXHIBIT
| Exhibit | Description of Exhibit | |
| 99.1 | News Release dated June 22, 2023 | |
Exhibit 99.1
SNDL FILES EARLY WARNING REPORT ISSUED PURSUANT TO NATIONAL INSTRUMENT 62-103
CALGARY, AB, June 22, 2023 /CNW/ - SNDL Inc. (NASDAQ: SNDL) ("SNDL") today announced that between June 10, 2023, and June 22, 2023, SNDL disposed of 3,297,000 common shares ("Common Shares") in the capital of Indiva Limited (TSXV: NDVA) (OTCQX: NDVAF) ("Indiva").
Between June 10, 2023, and June 22, 2023, SNDL disposed of 3,297,000 Common Shares (the "Sold Shares") through the facilities of the TSX Venture Exchange (the "TSXV") at an average price of $0.0293 per share for a total consideration of $90,207. Prior to the dispositions, SNDL held 19,235,500 Common Shares, representing approximately 12.93% of the then issued and outstanding Common Shares on a non-diluted basis. As a result, following the completion of these dispositions, and after taking into account various issuances by Indiva of Common Shares from treasury during this same period, SNDL's holdings in Indiva decreased by an aggregate of approximately 4.36%. Immediately following this disposition, SNDL now holds 15,938,500 Common Shares, representing 8.57% of Indiva's issued and outstanding Common Shares on a non-diluted basis, as reported to the TSX after taking into account various concurrent issuances by Indiva of Common Shares.
The Sold Shares were sold for investment purposes. SNDL may, depending on market and other conditions, increase or decrease its beneficial ownership in Indiva's securities, whether in transactions over the open market, by privately negotiated arrangements or otherwise, subject to a number of factors, including general market conditions and other available investment and business opportunities.
This news release is being issued to comply with National Instrument 62-103 - The Early Warning System and Related Take-Over Bid and Insider Reporting Issues. An early warning report regarding these transactions has been filed on the System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com under Indiva's issuer profile and may be obtained directly from SNDL upon request at the telephone number below and from the individual listed below. SNDL's head office is located at #300, 919 - 11th Avenue SW, Calgary, AB T2R 1P3.
ABOUT SNDL INC.
SNDL is a public company whose shares are traded on
the Nasdaq under the symbol "SNDL."
SNDL is the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond,
Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. SNDL is a licensed cannabis producer and one of the largest vertically integrated
cannabis companies in Canada specializing in low-cost biomass sourcing, premium indoor cultivation, product innovation, low-cost manufacturing
facilities, and a cannabis brand portfolio that includes Top Leaf, Contraband, Citizen Stash, Sundial Cannabis, Palmetto, Bon Jak,
Spiritleaf Selects, Versus Cannabis, Value Buds, Vacay, Grasslands and Superette. SNDL's investment portfolio seeks to deploy strategic
capital through direct and indirect investments and partnerships throughout the North American cannabis industry. For more information
on SNDL, please go to www.sndl.com.
Forward-Looking Information Cautionary Statement
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward looking statements in this release includes, but is not limited to, SNDL's future plans or intentions in respect of its ownership of Common Shares. Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. SNDL is under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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SOURCE Sundial Growers Inc.
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%CIK: 0001766600
For further information: Sophie Pilon, SNDL Inc., O: 1.587.327.2017, E: investors@sndl.com
CO: Sundial Growers Inc.
CNW 07:00e 22-JUN-23