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 ...

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 ...

After the quarter end, we revoked our cultivation license from the old facility. Following the transition of all cultivation activities to Atholville, New Brunswick in October 2022. The significantly reduced overhead costs, coupled with the improvements in cultivation and yield position us to further capitalize on revenue and margin growth in the coming quarters. After a tactical and transformative year, we are seeing our expected results and a strength in path forward for our cannabis operations segment. I ...