SNDL Inc

CORPORATE STRUCTURE

Name, ADDRESS and INCORPORATION

SNDL was originally incorporated under the Business Corporations Act (Alberta) (the “ABCA”) on August 19, 2006. On July 22, 2019, articles of amendment were filed to effect a 1 to 1.6 share split. On August 1, 2019, the Company’s common shares commenced trading on the Nasdaq Capital Market (“Nasdaq”) under the symbol “SNDL”. On July 25, 2022, the Company’s shareholders approved a special resolution amending the articles of SNDL to change the name of the Company from “Sundial Growers Inc.” to “SNDL Inc.” and to complete the consolidation of the issued and outstanding common shares on a basis to be determined by the board of directors, subject to certain conditions. On July 26, 2022, the Company’s board of directors approved the consolidation of the issued and outstanding common shares on a 10:1 basis, which became effective on the same day. On January 1, 2023, SNDL amalgamated with its wholly-owned subsidiary, Alcanna Inc. (“Alcanna”), under the ABCA which resulted in the formation of the currently existing corporation, SNDL Inc.

SNDL headquarters and principal executive offices are located at #300, 919 – 11 Avenue SW, Calgary, Alberta, Canada, T2R 1P3 and its registered office is located at 4000 – 421 7 Avenue SW, Calgary, Alberta, Canada, T2P 4K9. SNDL’s phone number is +1 (403) 948-5227. SNDL’s website iswww.sndl.com. The information on or accessible through SNDL’s website is not part of and is not incorporated by reference into this AIF, and the inclusion of its website address in this AIF is only for reference.

INTERCORPORATE RELATIONSHIPS

Below is the list of the Company’s significant subsidiaries as at December 31, 2023, each of which is directly or indirectly wholly owned by SNDL unless otherwise indicated.

(1)

Effective as of January 1, 2024, The Valens Company Inc., Valens Agritech Ltd., Valens Labs Ltd., Valens Farms Ltd., Citizen Stash Cannabis Corp., Slave Lake Services Ltd., EFX Laboratories Inc. and Kanabe Corp. continued (as necessary) to the Canada Business Corporations Actand amalgamated under the Canada Business Corporations Act, resulting in the formation of a new amalgamated corporation, Valens Agritech Ltd.