SNDL Announces Restructuring, Consolidation Of Cannabis Segments: Here's What It Means
Portfolio Pulse from Jelena Martinovic
SNDL Inc. (NASDAQ:SNDL) announced a restructuring project that includes consolidating its cannabis segments into a single unit. The project aims to enhance efficiency, reduce corporate overheads, and save over $20 million annually. The restructuring will require an $11 million investment over 18 months, with savings expected by mid-2025.
July 16, 2024 | 2:26 pm
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SNDL Inc. is restructuring and consolidating its cannabis segments to enhance efficiency and save over $20 million annually. The project will require an $11 million investment over 18 months, with savings expected by mid-2025.
The restructuring and consolidation are expected to enhance efficiency and save significant costs, which is positive for SNDL's financial health. The market has already reacted positively with a 0.87% increase in pre-market trading.
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