Welcome to our dedicated page for SNDL SEC filings (Ticker: SNDL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
SNDL Inc. filings document the reporting framework of a Canadian foreign issuer with common shares traded on Nasdaq and the Canadian Securities Exchange. Form 6-K reports furnish press releases, interim financial statements, management discussion and analysis, and Canadian certification exhibits for the company’s liquor retail, cannabis retail, cannabis operations and investments segments.
The filing record covers operating results, liquidity, inventory and biological assets, equity-accounted investees, retail-store transactions, share repurchases, registration statement incorporation and leadership or governance updates. These disclosures describe SNDL’s capital structure, segment economics and material events tied to regulated liquor and cannabis markets in Canada and strategic cannabis investments in North America.
SNDL Inc. reports the successful completion of a European Union Good Manufacturing Practice (EU-GMP) audit at its Atholville cultivation facility in New Brunswick. This milestone supports participation in regulated international medical cannabis markets and reflects an emphasis on quality, operational excellence, and regulatory compliance.
The Atholville facility spans approximately 380,000 square feet, including more than 110,000 square feet of cultivation canopy, and has production capacity of about 4,500 kilograms per quarter, with potential to support greater than 30 tonnes with targeted investment. The company anticipates receiving EU-GMP certification for Atholville within the next 90 days following the successful audit.
SNDL Inc. reported Q2 2026 net revenue of $235.8 million, down 3.7% year over year, with gross profit of $56.3 million and gross margin of 23.9%. The company recorded an operating loss of $7.8 million, a net loss of $7.8 million, an adjusted operating loss of $7.0 million and adjusted EBITDA of $12.5 million.
Liquor Retail revenue declined 5.1% as same‑store sales fell 6.2%, while Cannabis Operations net revenue dropped 10.1% and gross margin compressed to 1.8% due largely to Jeeter production ramp-up costs. Cannabis Retail remained comparatively resilient, with net revenue down 1.4% but gross margin improving to 26.4%. Free cash flow was a negative $6.7 million, though modestly better than a year earlier, and operating activities provided $3.7 million of cash.
Liquidity remains a core strength: cash and cash equivalents were $183.2 million, and unrestricted cash, marketable securities and investments totaled $598.5 million, with no debt. SNDL repurchased 11.7 million shares in Q2 and 29.0 million since Q4 2024. Completion of the Parallel restructuring gives majority economic exposure to U.S. medical cannabis operations expected to generate about US$150 million in annualized revenue, positioning SNDL to potentially exceed $1 billion in annual revenue and expand its vertically integrated North American footprint.
SNDL Inc. reported Q2 2026 net revenue of $235,766, down from $244,769 in Q2 2025, with gross profit of $56,349 and gross margin of 23.9%. The quarter shifted to an operating loss of $7,841 and a net loss of $7,822, versus prior-year net earnings of $2,885.
For the first six months of 2026, net revenue was $431,672 and net loss was $17,733. Cash and cash equivalents declined to $183,208, influenced by net share repurchases of 16.2 million shares for $33.1 million and negative free cash flow of $6,671 in Q2.
Through joint venture SunStream, SNDL’s interest in equity-accounted investees rose to $400,386. A restructuring of Surterra Holdings, Inc. (“Parallel”) was completed on July 27, 2026, giving SNDL indirect majority economic exposure to Parallel, which operates 56 retail locations plus cultivation and manufacturing facilities in the United States.
SNDL Inc. completed the Parallel Transaction, acquiring operating assets of Surterra Holdings and affiliates in Florida, Texas and Massachusetts through a strict foreclosure and related restructuring. Via its Sunstream joint venture, SNDL now has indirect majority economic exposure to 66.7% of TransactionCo’s equity and 69.4% of its debt.
The acquired platform includes 56 retail locations and three cultivation and manufacturing facilities with annualized revenue of about US$150 million, contributing to what CEO Zach George described as a 249-store global cannabis retail network. The restructuring extinguished approximately US$842 million of Parallel debt and leaves SNDL positioned to seek direct, consolidated exposure to U.S. medical cannabis operations, subject to legal, regulatory, accounting and Nasdaq requirements. A US$29.75 million loan position was also acquired at a 25% discount and continues to be accounted for using the equity method, with broader financial reporting changes expected once SNDL secures direct operational control.
SNDL Inc. announced it will release its second quarter 2026 financial results for the period ended June 30, 2026 before markets open on July 28, 2026. The company will then hold a conference call and webcast at 10:00 a.m. EDT (8:00 a.m. MDT) that same day, accessible via an online webcast link.
SNDL is described as one of the largest vertically integrated cannabis companies and the largest private-sector liquor and cannabis retailer in Canada, operating banners including Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf and Cost Cannabis. Its consumer-facing cannabis brands include offerings such as Top Leaf, Palmetto, Value Buds, Grasslands, Vacay, Pearls by Grön, No Future and Bhang Chocolate, and it also deploys strategic capital across the North American cannabis industry.
SNDL Inc. no longer expects to complete its planned acquisition of 27 Ontario cannabis retail stores from 1CM before the Outside Date of May 31, 2026, so the second closing under their amended arrangement will not proceed. The original deal contemplated buying 32 stores across Ontario, Alberta and Saskatchewan for $32.2 million in cash, and SNDL has already closed on five Alberta and Saskatchewan locations, which remain part of its network. SNDL plans to redirect the roughly Ontario-related capital toward its Share Repurchase Program, which authorizes up to $100 million of buybacks through November 20, 2026. Since March 31, 2026, the company has repurchased more than 5.5 million shares for approximately $11.1 million, signaling management’s focus on capital returns alongside its existing retail footprint.
SNDL Inc. reported first quarter 2026 net revenue of $195.9 million, down 4.4% year over year, as softer cannabis and liquor markets weighed on sales. Gross profit fell to $52.8 million with gross margin at 27.0%, slightly below 27.6% a year earlier.
The Company posted an operating loss of $9.1 million, an improvement from a $12.1 million loss, and a net loss of $9.9 million versus $14.7 million. Adjusted operating loss was $8.9 million and adjusted EBITDA declined to $5.8 million from $9.0 million.
Liquor Retail revenue fell 4.9%, Cannabis Retail was roughly flat with better margins, and Cannabis Operations revenue dropped 14.2% with margin compression. SNDL ended March 31, 2026 with $623.6 million of unrestricted cash, marketable securities and investments, $213.4 million in cash, no debt, and continued share buybacks totaling 15.1 million shares since late 2024.
SNDL Inc. reported a Q1 2026 net loss of 9,911 (thousands of Canadian dollars), an improvement from a 14,707 loss a year earlier. Net revenue was 195,906, down 4% as softer liquor sales and lower cannabis operations revenue offset stable cannabis retail performance.
Gross profit declined to 52,812, with gross margin easing to 27.0%. Results benefited from higher profits from the SunStream joint venture, lower share-based compensation, and reduced asset impairments. SNDL repurchased 4.5 million shares for 9,575, while ending the quarter with 213,404 in cash and cash equivalents and total assets of 1,314,639.
SNDL Inc. filed a Form 6-K as a foreign private issuer to share a press release about its upcoming financial disclosure. The company will release its first quarter 2026 financial results for the period ended March 31, 2026 before markets open on April 29, 2026.
After the release, SNDL will host a conference call and live webcast at 10:00 a.m. EDT (8:00 a.m. MDT) on April 29, 2026, which can be accessed through an online link. The filing also confirms SNDL’s status as a Form 40-F filer and highlights its position as a large vertically integrated cannabis and liquor retail company in Canada.
SNDL Inc. reported a leadership change in its cannabis segment. Tyler Robson, previously President of Cannabis, has left the company to pursue other opportunities. Ryan Hellard, currently Chief Strategy Officer, has been appointed Interim President of Cannabis while the company manages this transition.