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    SNDL   CA83307B1013

SNDL INC.

(SNDL)
  Report
Real-time Estimate Cboe BZX  -  04:12 2022-11-29 pm EST
2.610 USD   +3.57%
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SNDL Inc. entered into a Stalking Horse Agreement to acquire Substantially all of the business and assets of Superette.

08/30/2022 EST

SNDL Inc. (NasdaqCM:SNDL) entered into a Stalking Horse Agreement to acquire Substantially all of the business and assets of Superette on August 29, 2022. The consideration for the Stalking Horse Agreement is made up of (i) a credit bid and set-off of debt owing to SNDL through the assumption of certain assumed liabilities; and (ii) the cash payment of certain statutory priority payments and costs of terminating the CCAA proceeding and winding-down the relevant Superette entities. SNDL has agreed to provide up to an additional $2.1 million in pre-CCAA and debtor-in-possession financing for Superette for a total amount of $6.9 million.

The comeback hearing is scheduled on September 9, 2022, Superette intends to seek approval of an amended and restated initial order and order approving a sale and investment solicitation process. The transaction is subject to Pre-Closing Reorganization Steps, approval of AGCO and other customary closing conditions. As of September 9, 2022, the transaction has been approved by the court.

Jamey Gage of McCarthy Tétrault LLP is acting as legal counsel to SNDL. Joseph J. Bellissimo and Monique Sassi of Cassels, Brock & Blackwell LLP is acting as legal counsel to Superette. Michael McTaggart of PricewaterhouseCoopers Inc. is acting as a monitor of Superette with respect to the CCAA Proceedings and is represented by Sean H. Zweig and Mike Shakra of Bennett Jones LLP.


ę S&P Capital IQ 2022
All news about SNDL INC.
11/23Sndl : Investor Day Presentation
PU
11/22High Tide Gains 10% as Says Becomes Largest Revenue-generating Cannabis Firm As Per New..
MT
11/22The Valens Company Brief: Both Institutional Shareholder Servic..
MT
11/22High Tide Says Becomes Largest Revenue-generating Firm Reporting in Canadian Dollars Pe..
MT
11/16SNDL Renews Share-Repurchase Program
MT
11/16SNDL Announces Renewal of Share Repurchase Program
PR
11/16SNDL Inc. announces an Equity Buyback for 11,800,000 shares, representing 5% for CAD 10..
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11/16SNDL Inc. authorizes a Buyback Plan.
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11/16SNDL Inc. initiates a Market Repurchase.
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11/15SunStream Bancorp Provides Follow-on Funding to SKYMINT
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Analyst Recommendations on SNDL INC.
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Financials
Sales 2022 707 M 526 M 526 M
Net income 2022 -214 M -159 M -159 M
Net Debt 2022 296 M 220 M 220 M
P/E ratio 2022 -4,08x
Yield 2022 -
Capitalization 802 M 596 M 596 M
EV / Sales 2022 1,55x
EV / Sales 2023 1,07x
Nbr of Employees 580
Free-Float 99,9%
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Technical analysis trends SNDL INC.
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 4
Last Close Price 3,39 CAD
Average target price 4,63 CAD
Spread / Average Target 36,5%
EPS Revisions
Managers and Directors
Zachary Ryan George Chief Executive Officer & Director
Andrew Stordeur President & Chief Operating Officer
James Keough Chief Financial Officer
James Gregory Mills Non-Executive Chairman
Robbie Madan Chief Information & Digital Officer
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