SNDL Inc. (NASDAQ:SNDL) AGP Annual Virtual Cannabis Conference October 4, 2023 9:45 AM ET Company Participants David Klein - Chief Executive Officer, Canopy Growth Corp Zach George - Chief Executive Officer, Sundial, Inc. Steve Ruffini - Chief Financial Officer, Village Farms Conference Call Participants Aron Govil - AGP Aron Govil [Starts Abruptly] Cannabis Conference. Thanks for joining us. A lot of exciting news happening in the cannabis sector over the past couple of weeks. Welcome to see and I'm great ...

Additionally, all financial figures mentioned are in Canadian dollars unless otherwise indicated. We will now make prepared remarks, and then we'll move on to analyst questions. In connection, SunStream is exploring the restructuring and transfer of certain credit interests in Skymint and Parallel to a new U.S. holding entity of SunStream USA. The SunStream USA structure is expected to allow SNDL to participate in SunStream assets, while complying with all US and Federal State laws. This SunStream USA struc ...

sndl Retail Stores (Liquor + Cannabis Retail)1 >930K ft2 Overview • Diverse retail footprint from convenience to large format destination locations ~2600 Employees1 (Cannabis Operations)1 Operating Segments Cannabis Retail • Own the customer relationship with robust analytics and insights • Robust innovation capabilities through lowcost biomass sourcing, premium indoor cultivation and low-cost manufacturing facilities • Key enabler of SNDL's vertical integration strategy • SunStream Bancorp Inc. vehicle for ...

snol Corporate Presentation NASDAQ: SNDL May 2023 Disclaimer 2 Forward-lookingstatements 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 ev ents 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, iden ...

Andrew Partheniou Just wanted to see if you could provide a small update on the data service program across Cannabis and Liquor? And how you see that trending forward, especially on the impact to cash flow? Zachary George Thanks, Andrew. It's a great question. We're just -- we've just revamped our programs both for Cannabis and Liquor retail. So we're really excited about the progress in early days. We really need to demonstrate a clean run rate to talk specifically about the impact. But we do see a materia ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 for the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF ...

SNDL Reports Full Year and Fourth Quarter 2022 Financial and Operational Results Record net revenue and net cash provided by operating activities for the fourth quarter of 2022 CALGARY, AB, April 24, 2023 /CNW/ - SNDL Inc. (NASDAQ: SNDL) ("SNDL" or the "Company") reported its financial and operational results for the full year and fourth quarter ended December 31, 2022. All financial information in this press release is reported in millions of Canadian dollars unless otherwise indicated. Liquor retail inclu ...

SNDL Inc. (NASDAQ:SNDL) Q3 2022 Results Conference Call November 14, 2022 10:30 AM ET Company Participants Zach George - CEO James Keough - CFO Tank Vander - President, Liquor Retail Andrew Stordeur - President, COO Conference Call Participants Shaan Mir - Canaccord Genuity Frederico Gomes - ATB Capital Markets Operator Good morning, and welcome to the SNDL's Third Quarter 2022 Financial Results Conference Call. SNDL issued a press release this morning announcing their financial results for the third quarte ...

Exhibit 99.1 CONSOLIDATED FINANCIAL STATEMENTS Years Ended December 31, 2021 and 2020 (Expressed in thousands of Canadian dollars) Management's Responsibility for Financial Reporting The preparation and presentation of the accompanying consolidated financial statements of Alcanna Inc. ("the Company"), which have been prepared in accordance with International Financial Reporting Standards, are the responsibility of management and have been approved by the Board of Directors. The consolidated financial statem ...

Financial Data and Key Metrics Changes - SNDL achieved record net revenue of $223.7 million in Q2 2022, a 2,344% increase year-over-year from $9.2 million in Q2 2021 [9][27] - Gross margin grew to $43.1 million, up 1,627% from a loss of $2.8 million in Q2 2021, marking the highest gross margin since inception [10][27] - Net loss for Q2 2022 was $74 million, compared to a net loss of $52.3 million in Q2 2021 [27] - Adjusted EBITDA loss was $25.9 million for Q2 2022, compared to a loss of $0.2 million in Q2 2021 [28] Business Line Data and Key Metrics Changes - Liquor retail segment generated gross revenue of $148.6 million with a gross margin of $33.5 million, representing 22.6% of sales [32][41] - Cannabis retail segment gross revenue was $63.5 million, a 746% increase from $7.5 million in Q1 2021, with a gross margin of $13.9 million [33] - Cannabis cultivation and production segment reported gross revenue of $15.4 million, a 36% increase from Q1 2022, with adjusted EBITDA of $3.5 million, marking the first positive adjusted EBITDA quarter [35] Market Data and Key Metrics Changes - SNDL's cannabis retail market share reached approximately 9.8% in privatized provincial markets [14] - Liquor retail market share in Alberta was 17.6%, with Wine & Beyond representing 2.9% despite having only 11 stores [43] Company Strategy and Development Direction - SNDL aims to become a leader in the Canadian regulated products industry, focusing on vertical integration and enhancing retail operations [9][22] - The company is exploring expansion opportunities for the Wine & Beyond brand into British Columbia and Saskatchewan [43] - SNDL is committed to optimizing profitability and cash flow through cost discipline and margin-accretive products in the liquor retail segment [44] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic challenges, including cost inflation and cannabis price compression, but remains focused on improving results [10][21] - The company expects to realize cost savings across all operating segments and continues to integrate Alcanna into its operations [21][22] - Management expressed confidence in the potential for SNDL to lead in the Canadian regulated products space, emphasizing a culture of continuous improvement [22] Other Important Information - SNDL's common shares were consolidated on a one-for-ten basis effective July 25, 2022, regaining compliance with NASDAQ requirements [30] - The company has $900 million in cash, marketable securities, and long-term investments with no outstanding debt as of June 30, 2022 [28] Q&A Session Summary Question: Details on the economics of the Wine & Beyond banner - Management indicated that Wine & Beyond attracts a larger customer segment with competitive pricing, and the build-out costs range from $1.5 million to $1.8 million [61][65] Question: Performance comparison between Spirit Leaf and Nova Cannabis - Management noted that Spirit Leaf operates a mix of corporate and franchise locations, while Nova focuses on discount retail, leading to different performance metrics [65][66] Question: International strategy and potential new markets - Management confirmed that while the focus remains on Canada, they are exploring opportunities in international markets like Germany and Australia [76][77] Question: Impact of OCS cyber attack on retail operations - Management does not expect material disruptions from the OCS cyber attack and noted ongoing regulatory improvements that could enhance security [81] Question: Details on Sunstream's asset write-down - Management explained that the write-downs were due to fair value adjustments across the portfolio, not specific to one credit [88] Question: Opportunities for equity investments in distressed companies - Management acknowledged the potential for equity investments but emphasized the need for prudent decision-making based on market conditions [92] Question: Breakdown of the $100 million Canadian credit portfolio - Management indicated that the credit exposure includes both retail and producer credits, with specific names not disclosed due to confidentiality [101]