SNDL has a shot at generating free cash flow this year. As shareholders already know, SNDL (SNDL -1.92%) stock is having a great year, as it's up by 35% through the first five months of 2024. The Canadian alcohol and cannabis business is finally picking up steam after spending many quarters on improving its operational efficiency and slimming down its operation. And there's a good chance the stock is just getting started. Operations are starting to look more efficient SNDL isn't currently profitable. But th ...

Three Canadian-based cannabis stocks that could benefit the most from legalization in the U.S. market are Canopy Growth (CGC -8.45%), Tilray Brands (TLRY), and SNDL (SNDL -3.70%). Here's a breakdown of their respective businesses and which one may be the best option for investors who are bullish on the prospects for legalization. Recently, the company obtained the blessing from its shareholders to move ahead with Canopy USA, a special purpose vehicle it has created as the financial home for its U.S.-based a ...

SNDL Inc. (NASDAQ:SNDL) KCSA Cannabis Virtual Investor Conference Call June 5, 2024 10:30 AM ET Company Participants Phil Carlson - KCSA Strategic Communications Zachary George - Chief Executive Officer Conference Call Participants Frederico Gomes - Vice President of Institutional Research, ATB Capital Markets Phil Carlson Hello and welcome to Virtual Investor Conferences. My name is Phil Carlson and on behalf of KCSA Strategic Communications as well as our co-host OTC Markets Group, we're very pleased you ...

CALGARY, Alberta, May 31, 2024 (GLOBE NEWSWIRE) -- SNDL Inc. (NASDAQ:SNDL), Canada's largest private-sector regulated products platform, today announced that Zach George, Chief Executive Officer, will present live at KCSA Cannabis Virtual Investor Conference hosted by VirtualInvestorConferences.com and co- sponsored by KCSA Strategic Communications, on June 5, 2024. DATE: June 5, 2024 TIME: 10:30 a.m. EDT LINK: https://bit.ly/3QVIu08 This will be a live, interactive online event through which investors are ...

Marina Fedorova/iStock via Getty Images SNDL Inc. (NASDAQ:SNDL) and other cannabis stocks (CGC, GRWG, VFF) rallied on renewed news of federal cannabis rescheduling. The rally was short-lived because investors need to unpack the development and see what it implies. On the surface, it seems to be a reiteration of last week's news of rescheduling. There are a few details to consider. SNDL has seen a lot of action in the recent cannabis rallies. There is additional news with the company, who just released its Q ...

Coming out of positive reported free cash flow in the second half of 2023, the first quarter of 2024 shows a negative free cash flow of $6.4 million. We are encouraged by that result, which is ahead of our initial expectations for the quarter. As we know that it was impacted by both revenue and inventory seasonality. As you can see in the middle of the chart in the Slide 7, the first quarter always has by far the lowest level of sales in the year, which obviously has an impact in the level of profitability ...

The Canadian cannabis operator and former meme stock was legally cleared to acquire U.S. cannabis assets while still remaining listed.The cannabis industry has been a rollercoaster over the past few years. In 2018, Canada legalized marijuana, and over the past 10 years or so, many U.S. states did, as well, even though cannabis remained illegal at the Federal level.But two weeks ago, a big shift happened in the cannabis industry when the Drug Enforcement Agency (DEA) endorsed the recommendation by the U.S. D ...

This news release constitutes a "designated news release" for the purposes of the prospectus supplement of Nova Cannabis Inc. dated July 22, 2022, to its short form base shelf prospectus dated June 27, 2022. CALGARY, AB, May 9, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL") and Nova Cannabis Inc. (TSX: NOVC) ("Nova") today announced that they have completed the assignment of SNDL's rights to own or operate four Dutch Love stores (the "Dutch Love Stores") to Nova (the "Assignment"), upon the terms an ...

SNDL Inc. (SNDL) is expected to release first-quarter 2024 results on May 9, before the opening bell.The company posted a loss of 22 cents per share in the last reported quarter, wider than the Zacks Consensus Estimate of a loss of 12 cents.Let us delve into the fundamental strength of SNDL ahead of its first-quarter results.Factors Driving Q1 EarningsAn important tactical step for SNDL in 2023 was the acquisition of Valens, which improved its upstream cannabis capabilities in Canada. The company continues ...

CALGARY, AB, May 2, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL"), through its joint venture in SunStream Bancorp Inc. ("SunStream Bancorp"), today announced the SunStream USA group of companies (collectively, "SunStream USA Group") intends to proceed with the acquisition of equity positions in U.S. cannabis assets. This follows the completion of a review by SNDL's listing authority, Nasdaq.  SNDL has been in regular and active dialogue with Nasdaq, in respect of structuring and governance related t ...