With its share price elevated significantly amid buzz surrounding cannabis stocks, management opted to issue a large amount of stock, accumulating $1.1 billion in Canadian dollars ($800.4 million in U.S. currency) in cash, equivalents, and investments by the third quarter of 2021. It then used the money on a series of acquisitions of cannabis and beer companies in Canada, its home market, and created a new segment exclusively for investing in cannabis businesses in North America. Few of its North American c ...

Here Are 3 Marijuana Stocks For Your June List So when there is an uptrend this is where profits are made. Yet when there is a downtrend this is where most would begin to look for marijuana stocks to buy. Having a game plan and learning about the stocks you feel are worth investing in are crucial. At times a company can be successful but trade poorly in the market. Cannabis stock investing takes lots of patience and observation because trading patterns can change without warning. Top Marijuana Stocks To Wat ...

And things could be getting even better over the next few quarters. Here's what you need to know. There may well be a lot more profit on the way from its investing activities. SunStream Bancorp buys the debt of marijuana businesses in the U.S. and Canada, and, in some cases, invests in them directly to secure a share of their equity. Its portfolio is worth roughly CA$560 million, and, so long as its debtors are good for the cash, it'll enjoy a stream of interest income for the foreseeable future. This stock ...

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 ...

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 ...

Core Viewpoint - The recent news regarding the potential rescheduling of cannabis by the US federal government has led to a temporary rally in cannabis stocks, including SNDL Inc. However, the implications of this development require careful analysis [1][4][15]. Group 1: Federal Rescheduling of Cannabis - The DEA has recommended rescheduling cannabis from Schedule I to Schedule III, initiating a process that includes a 60-day public review [4][9]. - The Attorney General is confident in the success of the rescheduling process, indicating a shift in US federal drug policy [9][14]. - Rescheduling cannabis would not equate to federal legalization but would allow for looser state business regulations and potential federal tax deductions for cannabis operators [11][15]. Group 2: SNDL's Financial Performance - SNDL reported Q1-2024 net revenue of CA$197.8 million, a 4% increase year-over-year, driven by its cannabis retail and operations segments [19]. - The company achieved gross profits of CA$50.4 million, reflecting a 55% growth year-over-year, with an overall gross margin improvement of 850 basis points [20]. - SNDL's cash flow improved significantly, with a negative cash flow of CA$6.1 million, marking a 91% improvement year-over-year [21]. Group 3: SNDL's Market Position and Strategy - SNDL's SunStream USA structure has been approved by NASDAQ, positioning the company to capitalize on the US cannabis market [2][17]. - The company holds CA$594.2 million in capital deployed in cannabis investments, with CA$560.3 million allocated to SunStream Bancorp [23]. - SNDL's stock price has increased by 62.58% over the past year, indicating strong market performance compared to peers [25]. Group 4: Comparison with Peers - SNDL is currently undervalued compared to its peers, with a current price per share of US$2.64 and a book value per share of US$3.53 [25][35]. - Other Canadian LPs like Tilray and Canopy Growth are showing signs of overvaluation and underperformance, while SNDL and Village Farms are performing better [27][38]. - SNDL's strategy of diversifying into liquor and beer distribution has contributed to its improved financial performance [36].

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 ...