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 ...

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 ...

SNDL's Retail Footprint and Strategy - SNDL has the largest cannabis retail footprint in Canada through its Value Buds, Spiritleaf, Superette, and Firesale banners[1] - SNDL's retail strategy includes diverse banners targeting distinct consumer segments to maximize market penetration[117] - Firesale aims to provide the most affordable cannabis products in Canada by liquidating aged inventory[29] Financial Performance and Investments - SNDL reported $6.6 million in interest and fee revenue[11] - The fair value of Canadian credit and equity investments is $551 million[13] - SNDL's Q3 2023 cannabis operations net revenue was $21 million[54] - SNDL's Q3 2023 liquor retail net revenue was $75.5 million[43] - SNDL's investment portfolio generates positive cashflows and provides strategic alternatives for M&A activities[72] SunStream Investments - SunStream was launched to provide SNDL exposure to the US cannabis market[135] - The fair value of the SunStream portfolio is $583 million[155]

Financial Data and Key Metrics Changes - For the first time, the company achieved positive free cash flow of CAD 16.5 million in Q3 2023, compared to negative CAD 67.1 million in Q3 2022 [8] - Cash flow from operations increased to CAD 27.5 million in Q3 2023, up from CAD 8.6 million in Q3 2022 [8] - Revenue for the quarter reached CAD 237.6 million, a 3.1% increase from Q3 2022 [20] - Adjusted EBITDA was CAD 16.1 million, slightly down from CAD 18.3 million in Q3 2022 [9] - The unrestricted cash balance grew from CAD 185.5 million at June 30, 2023, to CAD 785 million by the end of Q3 2023 [17][21] Business Line Data and Key Metrics Changes - The cannabis retail segment generated CAD 75.5 million in revenue, a 14.1% increase from Q3 2022, with gross margin reaching CAD 20 million, a 38% growth year-over-year [45] - The liquor retail segment reported revenues of CAD 152 million, maintaining stable basket value and customer count despite economic challenges [23] - Private label sales in the liquor segment increased by 33% compared to Q3 2022, contributing significantly to gross margin growth [48] Market Data and Key Metrics Changes - The cannabis retail segment saw a same-store sales increase of 3.9% year-over-year across all banners [45] - The company has a robust liquidity profile with CAD 785 million in unrestricted cash, marketable securities, and long-term investments, contrasting with a market capitalization of approximately CAD 500 million [17] Company Strategy and Development Direction - The company is focused on operational improvements and cost efficiencies, including divesting equity securities and optimizing its investment portfolio [6] - A new private label for wine is set to launch in Q1 2024, aimed at enhancing margin growth and differentiation in the liquor retail segment [12] - The company is committed to expanding its cannabis retail operations into markets where its presence is currently limited [5] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in navigating market uncertainties and emphasized the importance of operational efficiency to improve profitability [4] - The company anticipates run rate synergies exceeding CAD 40 million annually and expects to achieve significant cost savings from its cannabis operations [42] - Management highlighted the potential for the cannabis segment to yield over CAD 1 billion in annual revenue, indicating that the market undervalues the company's growth potential [17] Other Important Information - The company has extended its share repurchase program to November 20, 2024, although no shares were purchased for cancellation in the last quarter [10] - The company has paid CAD 35.6 million in excise taxes this year, reflecting its commitment to responsible business practices [10] Q&A Session Summary Question: Regarding the liquor retail segment's strong margins and efficiency opportunities - Management indicated they are focused on achieving margin improvements and will provide more details as the 2024 budget is finalized [32] Question: Impact of potential cannabis rescheduling on U.S. investments - Management acknowledged that rescheduling could materially impact free cash flow but emphasized a focus on optimizing current operations before allocating more capital [33] Question: Details on the CAD 11 million charge under corporate operations - The charge was related to cannabis operations and retail, reflecting an adjustment to eliminate intercompany revenue double counting as the business expanded [36] Question: Expectations for cannabis segment margins moving forward - Management expressed optimism for margin improvements in Q4 and 2024 due to completed operational efficiency initiatives [38] Question: Update on SunStream USA structure and Nasdaq review - Management expects to resolve the Nasdaq review process by Q1 2024 and does not anticipate negative impacts on day-to-day operations during this period [34]