SNDL Inc
For the period ended Dec 31, 2023. Filed Mar 21, 2024.
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The yearly report of certain Canadian companies, filed under a joint US and Canadian system. It is the main yearly account these companies give US investors, largely as filed in Canada.
FY2023 · Filed Mar 21, 2024
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Contents
EX-99.2 · Inventory
Inventory
| As at | December 31, 2023 | December 31, 2022 |
|---|---|---|
| Retail liquor | 83,923 | 82,589 |
| Retail cannabis | 19,516 | 13,373 |
| Millwork | — | 276 |
| Harvested cannabis | ||
| Raw materials, packaging and components | 7,781 | 4,577 |
| Extracted cannabis & hemp oils | 11,989 | — |
| Work-in-progress | 995 | 19,927 |
| Finished goods | 4,856 | 7,040 |
| 129,060 | 127,782 | |
During the year ended December 31, 2023, inventories of $689.3 million were recognized in cost of sales as an expense (year ended December 31, 2022 — $558.1 million).
During the year ended December 31, 2023, the Company recognized inventory write downs of $30.8 million (year ended December 31, 2022 — $8.9 million), of which $30.6 million (year ended December 31, 2022 — $7.0 million) was recognized as a provision for impaired and obsolete inventory, and $0.2 million (year ended December 31, 2022 — $1.9 million) was included in the change in fair value realized through inventory as the fair value component of the provision for impaired and obsolete inventory.
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