SNDL Plans Possible C$50M Tender Offer, Reports Preliminary Q3 Free Cash Flow
SNDL plans a possible substantial issuer bid of up to C$50 million at up to C$1.92 per share and reports preliminary, unaudited Q3 free cash flow of approximately C$20 million. Its share consolidation proposal failed to receive two-thirds support.
SNDL Inc. is considering a substantial issuer bid of up to C$50M, with an offer price of up to C$1.92 per share. The company also reported preliminary, unaudited free cash flow of ~C$20M for Q3. A proposal to consolidate the shares did not receive the required two-thirds support.