Brief: Sndl Streamlines Cannabis Operations Footprint To Enhance Competitiveness And Profitability

SNDL

19/10/2023 21:13

Oct 19 (Reuters) - SNDL Inc  SNDL.O :
    * SNDL STREAMLINES CANNABIS OPERATIONS FOOTPRINT TO ENHANCE
COMPETITIVENESS AND PROFITABILITY
    * SNDL- OPTIMIZING FACILITY FOOTPRINT TO RESULT IN OVER $10
MILLION IN ANNUAL SAVINGS FROM CANNABIS OPERATIONS SEGMENT
THROUGH A REDUCTION IN FIXED OVERHEAD
    * SNDL INC - WILL CONSOLIDATE ALL CULTIVATION ACTIVITIES AT
ITS
ATHOLVILLE, NEW BRUNSWICK FACILITY
    * SNDL INC - EXPECTS TO RECORD ANY RELATED NON-CASH
IMPAIRMENT
CHARGES DURING Q4 OF 2023
    * SNDL INC - ATHOLVILLE FACILITY WILL CONTINUE TO FOCUS ON
CULTIVATION, RESEARCH AND DEVELOPMENT, AND SUPPLY CHAIN
EFFICIENCIES
    * SNDL INC - IN CONNECTION WITH CLOSING OF OLDS FACILITY,
COMPANY
EXPECTS TO RECORD ANY RELATED NON-CASH IMPAIRMENT CHARGES DURING
Q4 OF 2023
    * SNDL INC- IN LINE WITH STRATEGIC TRANSITION, SNDL EXPECTS
TO
EXPAND ITS OPERATIONS IN ATHOLVILLE

Source text for Eikon:  ID:nCNWKqVZja 
Further company coverage:  SNDL.O 

 ((Reuters.Briefs@thomsonreuters.com;))