SNDLNASDAQ: SNDL

CALGARY, AB , July 5, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or "The Company") today announced that it has completed the acquisition (the "Debt Acquisition") of the principal indebtedness (the "Purchased Indebtedness") of Delta 9 Cannabis Inc. ("Delta 9") from Connect First and Servus Credit Union Ltd. ("CFCU") for a purchase price of CAD $28,138,284 pursuant to a purchase and sale of indebtedness agreement dated July 5, 2024.

CALGARY, AB , July 5, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or the "Company") announced today that it has entered into a purchase agreement (the "Bid Agreement") with Indiva Limited ("Indiva") and its direct and indirect subsidiaries (collectively with Indiva, the "Indiva Group"), pursuant to which SNDL has offered to purchase all of the issued and outstanding shares of Indiva and the business and assets of the Indiva Group (collectively, the "Indiva Assets") for consideration comprising of a credit bid of all of the indebtedness of the Indiva Group owing to SNDL, the retention of certain liabilities of the Indiva Group, and cash payments sufficient to repay certain priority indebtedness of the Indiva Group and costs associated with the Indiva Group's proceedings under the Companies' Creditors Arrangement Act (Canada) (the "CCAA Proceedings"). The Bid Agreement has been entered into in the context of the CCAA Proceedings, as part of a sales process where the Indiva Assets will be marketed to prospective purchasers (the "Sale Process") by PricewaterhouseCoopers Inc., the monitor in the CCAA Proceedings (the "Monitor") and, accordingly, is subject to approval by the court overseeing the CCAA Proceedings and to potential alternative bids submitted pursuant to the Sale Process.

SNDL is now a power player in the Canadian marijuana market. It has plenty of resources to invest in the U.S., too.

Most marijuana stock investors are keeping focused on the future of the sector. Also, some have adapted to the volatile trading and consistent variables that impact trading. So for instance when a company reports bad news it lets people know there could be a possible decline in trading. But when news is reported in a positive light depending on how important it can have adverse effects on most marijuana stocks. That is why many have had to learn how to find ways to invest in a volatile sector.

SNDL has multiple segments that are doing well right now. Its cannabis investing division could see an influx of demand soon.

Management is keen to realize more operational efficiencies. It's also positioning itself to invest in the U.S. cannabis industry.

Canopy Growth has been bullish on marijuana legalization for years, and it recently got the OK to move ahead with Canopy USA. Tilray Brands has been expanding into the U.S. via alcohol brands and businesses.

Cannabis stocks, such as SNDL, saw a boost in response to the announcement of federal cannabis rescheduling. NASDAQ has approved SNDL's SunStream USA structure, positioning the company to capitalize on the US cannabis market. SNDL's Q1-2024 performance demonstrated growth in segment revenue, margins, and net income.

SNDL is anticipated to see improved first-quarter results due to lower expenses and entry into the liquor retail market.