On November 14, 2024, SNDL Inc. announced that its board of directors approved the renewal of its share repurchase program. This renewal will commence upon the expiry of the current program on November 20, 2024.
The renewed program authorizes SNDL to repurchase up to C$100 million of its outstanding common shares, representing a maximum of approximately 13.2 million shares or 5% of the issued and outstanding shares. The repurchases will occur from November 21, 2024, to November 20, 2025, at prevailing market prices.
Under the previous program, which began on November 21, 2023, SNDL repurchased an aggregate of 727,829 shares for cancellation at a weighted average price of approximately US$1.97 per share as of November 14, 2024. This continued program allows SNDL to opportunistically return value to shareholders and manage its capital effectively.
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