SNDL announces renewal of share repurchase program

SNDL (SNDL) announced that it has received approval from the Canadian Securities Exchange for the renewal of its share repurchase program. The Share Repurchase Program authorizes the company to repurchase up to C$100M of its outstanding common shares from time to time at prevailing market prices, enabling SNDL to opportunistically return value to shareholders. Pursuant to the Share Repurchase Program, SNDL may purchase shares from time to time at the discretion of management through open market purchases, privately negotiated transactions, block trades, derivatives, accelerated or other structured share repurchase programs, or other means. The manner, timing, pricing and amount of any transactions will be subject to the discretion of SNDL and may be based upon market conditions, regulatory requirements and alternative opportunities that SNDL may have for the use or investment of its capital.