SNDL Announces Renewal of Share Repurchase Program

Executive Summary

• SNDL Inc. received CSE approval to renew its share repurchase program, authorizing up to C$100 million (≈24.5 million shares, ~10% of public float).
• The new program runs from November 21 2025 to November 20 2026 and may be executed via open‑market purchases, private negotiations, block trades, derivatives or other structures at management’s discretion.
• No minimum repurchase commitment; the program can be suspended or terminated at any time.

Key Details

• Authorized Repurchase Amount: C$100 million.
• Maximum Shares: Approximately 24.5 million shares (≈10% of public float).
• Program Term: Commences 2025‑11‑21; expires 2026‑11‑20.
• Execution Methods: Open market purchases, privately negotiated transactions, block trades, derivatives, accelerated or other structured programs.
• Pricing: Shares will be bought at prevailing market prices, subject to securities law limitations.
• Share Treatment: Repurchased shares will be cancelled and returned to treasury.
• Previous Program Performance: Prior program (2024‑11‑21 to 2025‑11‑20) repurchased 9,478,671 shares.
• Discretionary Controls: Management may determine timing, amount, and method of each purchase; program may be suspended or terminated at any time.

Notable Quotes

(No executive quotes were included in the release.)