SNDL Announces 2025 Annual and Special Meeting Results

SNDL (NASDAQ: SNDL) has announced the results of its 2025 Annual and Special Meeting, where shareholders approved several key resolutions.

Rhea-AI Summary

SNDL (NASDAQ: SNDL) has announced the results of its 2025 Annual and Special Meeting, where shareholders approved several key resolutions. The meeting secured approval for maintaining a seven-member board of directors, with all nominated directors receiving strong support ranging from 89.24% to 90.55% of votes in favor.

Shareholders also approved the re-appointment of CBIZ Inc. as auditors with 90.44% support, and endorsed the Company's Stock Option Plan and Restricted and Performance Share Unit Plan with 83.52% of votes in favor.

Positive

• High shareholder approval rates (>89%) for all board nominees indicating strong confidence in leadership
• Strong support (90.44%) for auditor reappointment suggesting transparency and accountability
• Successful approval (83.52%) of stock compensation plans enabling talent retention and alignment with shareholder interests

Negative

• 16.48% opposition to the Stock Option Plan and Restricted Share Unit Plan indicates some shareholder concerns about potential dilution

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EDMONTON, AB, July 31, 2025 /PRNewswire/ - SNDL Inc. (NASDAQ: SNDL) (CSE: SNDL) ("SNDL" or the "Company") is pleased to announce the resolutions put to holders of common shares (the "Shareholders") at the Annual and Special Meeting of Shareholders (the "Meeting") were passed.

At the Meeting, Shareholders approved: (i) fixing the number of directors of the board at seven (7); (ii) electing each of Gregory Mills, J. Carlo Cannell, Lori Ell, Zachary George, Frank Krasovec, Bryan Pinney, and Gregory Turnbull as directors of the Company for the ensuing year; (iii) re-appointing CBIZ Inc. (formerly Marcum LLP) as the auditors of the Company for the ensuing year and authorizing the board of directors of the Company to set their remuneration; and (iv) the Company's Stock Option Plan and Restricted and Performance Share Unit Plan and the unallocated awards issuable thereunder.

The following votes were received with respect to fixing the number of directors of the board at seven (7):

# of Votes For	% of Votes For	# of Votes Against	% of Votes Against
81,437,840	90.08	8,966,964	9.92

The following votes were received with respect to each director nominee:

Nominee	# of Votes For	% of Votes For	# of Votes Withheld	% of Votes Withheld
Gregory Mills	37,627,605	90.43	3,979,839	9.57
J. Carlo Cannell	37,674,260	90.55	3,933,185	9.45
Lori Ell	37,669,902	90.54	3,937,542	9.46
Zachary George	37,596,461	90.36	4,010,982	9.64
Frank Krasovec	37,291,964	89.63	4,315,481	10.37
Bryan Pinney	37,589,021	90.34	4,018,423	9.66
Gregory Turnbull	37,132,554	89.24	4,474,890	10.76

The following votes were received with respect to the re-appointment of CBIZ Inc. (formerly Marcum LLP) as the auditors of the Company:

# of Votes For	% of Votes For	# of Votes Withheld	% of Votes Withheld
81,759,588	90.44	8,645,217	9.56

The following votes were received with respect to the approval of the Company's Stock Option Plan and Restricted and Performance Share Unit Plan and the unallocated awards issuable thereunder:

# of Votes For	% of Votes For	# of Votes Against	% of Votes Withheld
34,749,681	83.52	6,857,761	16.48

ABOUT SNDL INC. 

SNDL Inc. (NASDAQ: SNDL) (CSE: SNDL), through its wholly owned subsidiaries, is one of the largest vertically integrated cannabis companies and the largest private-sector liquor and cannabis retailer in Canada, with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf and Superette. With products available in licensed cannabis retail locations nationally, SNDL's consumer-facing cannabis brands include Top Leaf, Contraband, Palmetto, Bon Jak, La Plogue, Versus, Value Buds, Grasslands, Vacay, Pearls by Grön, No Future and Bhang Chocolate. SNDL's investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the North American cannabis industry. For more information, please visit www.sndl.com 

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SOURCE SNDL Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What were the key results of SNDL's 2025 Annual Meeting?

SNDL shareholders approved a seven-member board, re-elected all director nominees with >89% approval, reappointed CBIZ Inc. as auditors with 90.44% support, and approved the Stock Option Plan with 83.52% of votes in favor.

Who are the board members elected to SNDL's board for 2025?

The elected board members are Gregory Mills, J. Carlo Cannell, Lori Ell, Zachary George, Frank Krasovec, Bryan Pinney, and Gregory Turnbull, each receiving over 89% approval.

What was the voting result for SNDL's Stock Option Plan in 2025?

SNDL's Stock Option Plan and Restricted and Performance Share Unit Plan received 83.52% approval with 34,749,681 votes in favor and 6,857,761 votes against.

Who received the highest shareholder approval among SNDL's board nominees?

J. Carlo Cannell received the highest approval rate among board nominees with 90.55% of votes in favor.

What was the voting outcome for SNDL's auditor appointment?

Shareholders approved the re-appointment of CBIZ Inc. (formerly Marcum LLP) as auditors with 90.44% of votes in favor (81,759,588 votes) and 9.56% withheld.