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 ...

CALGARY, AB, April 26, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL") announced today that it will release its first quarter 2024 financial results for the period ended March 31, 2024, before the market opens on May 9, 2024.Following the release of its first quarter results, SNDL will host a conference call and webcast at 10:30 a.m. EDT (8:30 a.m. MDT) on May 9, 2024.WEBCAST ACCESSTo access the live webcast of the call, please visit the following link: https://services.choruscall.ca/links/sndl2024q1. ...

SNDL Inc. (SNDL) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, SNDL's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."A golden cross is a technical chart pattern that can signify a potential bullish breakout. It's formed from a crossover involving a security's short-term moving average breaking above a longer-term moving average, with the most common moving averages being the ...

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, April 1, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL") and Nova Cannabis Inc. (TSX: NOVC) ("Nova") announced today that SNDL has agreed to assign its rights to own or operate four Dutch Love stores (the "Dutch Love Stores") to Nova (the "Assignment"). "SNDL remains committed to str ...

Shares of Canadian cannabis and liquor platform SNDL (SNDL -8.03%) rallied 14.6% last week, according to data from S&P Global Market Intelligence.SNDL is coming off an earnings report that showed positive momentum in revenue and profitability, with its losses narrowing. Then last week came several positive news items regarding the cannabis industry in Canada and prospects for legalization in the U.S.SNDL is diversified, but cannabis brings the upside potentialThe Canada-based SNDL is a bit different from yo ...

SNDL Inc. (NASDAQ:SNDL) Q4 2023 Earnings Conference Call March 21, 2024 10:00 AM ET Company Participants Zachary George - Chief Executive Officer Alberto Paredero-Quiros - Chief Financial Officer Tank Vander - President of Liquor Retail Tyler Robson - President of Cannabis Conference Call Participants Frederico Gomes - ATB Capital Markets Pablo Zuanic - Zuanic & Associates Operator Good morning, and welcome to SNDL's Year-End and Fourth Quarter 2023 Financial Results Conference Call. This morning, SNDL issu ...

Forward-looking statements Certain statements contained in this presentation may constitute forward-looking information and statements. All statements in this presentation, other than statements of historical fact, that address events or developments concerning SNDL Inc. ("SNDL" or the "Company") that SNDL expects to occur are "forward-looking information and statements". Forward-looking information and statements are often, but not always, identified by the use of words such as "seek", "anticipate", "plan" ...

Financial Performance - Gross revenue for the year ended December 31, 2023, was CAD 957,725 thousand, an increase of 31.2% from CAD 729,694 thousand in 2022[30] - Net revenue for 2023 was CAD 909,006 thousand, up 27.7% from CAD 712,197 thousand in 2022[30] - The company reported a net loss of CAD 176,551 thousand for 2023, compared to a net loss of CAD 372,428 thousand in 2022, indicating a 52.7% improvement[30] - The company experienced a gross profit of CAD 190,415 thousand in 2023, compared to CAD 140,375 thousand in 2022, reflecting a 35.7% increase[30] - Adjusted EBITDA from continuing operations for the year was $29,205,000, with liquor retail contributing $61,739,000 and cannabis retail operations showing a loss of $12,425,000[37] - The total operating loss for the year ended December 31, 2023, was $162,818,000, primarily driven by cannabis operations which reported a loss of $112,445,000[41] - Adjusted operating income for the year ended December 31, 2023, was a loss of $97,675,000, with liquor retail showing a positive adjusted operating income of $24,630,000[41] - The company incurred restructuring costs of $19,573,000 for the year ended December 31, 2023, impacting overall profitability[41] - Depreciation and amortization expenses for the year totaled $60,216,000, with liquor retail accounting for $35,662,000[36] Cash Flow and Liquidity - Cash and cash equivalents at the end of 2023 were CAD 195,041 thousand, a decrease of 30.3% from CAD 279,586 thousand at the end of 2022[33] - Free cash flow for Q4 2023 was $1.383 million, a decrease of 87% compared to $10.584 million in Q4 2022[44] - Full-year free cash flow for 2023 was negative at $(60.883) million, compared to $(31.900) million in 2022[44] - The change in cash and cash equivalents for Q4 2023 was $(6.942) million, an improvement from $(11.841) million in Q4 2022[44] - Total cash used for common share repurchases in 2023 was $1.536 million, down from $13.390 million in 2022[44] - Cash provided by long-term investments in Q4 2023 was $8.325 million, compared to $17.693 million in Q4 2022[44] - The company had no cash used for acquisitions in Q4 2023, while it recorded $(2.509) million in Q4 2022[44] - Total cash used for changes to debt instruments was $0 in 2023, compared to $10 million in 2022[44] - The company reported a total change in cash and cash equivalents of $(84.545) million for the full year 2023, an improvement from $(278.665) million in 2022[44] - The company aims to enhance its financial performance by focusing on free cash flow as a key metric for investors[43] - The company continues to evaluate its operational cash flows by excluding non-operational cash uses in its free cash flow calculation[43] Strategic Initiatives - The company aims to achieve sustainable, positive gross margins and positive free cash flow in the future[28] - The company plans to expand its product offerings, including the expected expansion of its wine private label[28] - The company is focused on strategic capital deployment through investments and partnerships in the North American cannabis industry[27] Asset Management - Total assets decreased to CAD 1,473,164 thousand as of December 31, 2023, down from CAD 1,559,350 thousand in 2022[31] - The company recognized an asset impairment of $54,967,000, with cannabis operations contributing significantly to this figure[37] - For the year ended December 31, 2023, the total net loss from continuing operations was $172,016,000, with significant losses in cannabis operations amounting to $112,159,000[36] Other Financial Metrics - The company reported a net loss of $85,423,000 for the three months ended December 31, 2023, with cannabis retail operations incurring a loss of $65,434,000[37] - For the three months ended December 31, 2023, the company reported an adjusted EBITDA of $3,479,000, with liquor retail contributing $17,812,000[38] - The change in fair value of biological assets resulted in a gain of $7,936,000 for the year, indicating potential growth in cannabis operations[37]

3 Marijuana Stocks To Buy For Better Trading In 2024The politics of the cannabis industry has been bittersweet for investors Much of what goes on in the industry can have a direct impact on other areas of the sector. Particularly with marijuana stocks and how they trade in a volatile sector. So far 2024 has brought with it a good amount of speculation that has led to increased momentum. Now this momentum has not been sustainable.Yet there have been some good profit-taking moments. As things ramp over even m ...