SNDL - SNDL Announces Restructuring Consolidation Of Cannabis Segments: Here's What It Means | Benzinga
SNDL Inc. (NASDAQ:SNDL), which announced its restructuring project on Tuesday, also said that as part of these operational adjustments, it is consolidating its cannabis segments into a single unit under the leadership of Tyler Robson.
Why It Matters
The consolidation is intended to enhance efficiency, improve alignment and improve process speed within SNDL’s vertical model.
The restructuring project is expected to reduce corporate overheads and improve the efficiency of its organizational structure while positioning the company for future growth.
The project is expected to deliver over $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending, including the reduction in 106 full-time employees.
“This restructuring project and segment consolidation are critical steps in our journey towards better capital deployment, improved agility, focus, and profitability, and will free up resources to invest in profitable growth opportunities,” ...