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SNDL Plans Restructuring Project Aimed At Reducing Corporate Overheads; Reveals Reduction Of 106 Full-time Employees

Author: Benzinga Newsdesk | July 16, 2024 07:03am

The project is expected to deliver over $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending. The restructuring will require a one-time investment of $11 million over the next 18 months.

SNDL expects to achieve most of the anticipated annualized savings by mid-2025, while starting to capture some of the opportunities as early as Q3 2024.

Posted In: SNDL


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