SNDL (SNDL) said late Thursday its board approved the renewal of its share repurchase program upon the expiry of its current one on Nov. 20.

The new program authorizes the company to repurchase up to 100 million Canadian dollars ($71.2 million) of its outstanding common shares.

The company said it can only repurchase a maximum of about 13.2 million shares under the new program, which will expire on Nov. 20, 2025.

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