CALGARY, AB, July 30, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or the "Company") is pleased to announce the resolutions put to holders of common shares (the "Shareholders") at the Annual General Meeting (the "Meeting") were passed. # of Votes For% of Votes For # of Votes Against% of Votes Against 81,750,156 93.70 5,494,236 6.30 # of Votes For% of Votes For # of Votes Withheld% of Votes Withheld 80,812,036 92.63 6,432,356 7.37 For more information on SNDL, please go towww.sndl.com. The following ...

CALGARY, AB, July 16, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or "The Company") today announced a restructuring project aimed at reducing corporate overheads and improving the efficiency of its organizational structure to position the Company for future growth. The project is expected to deliver over $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending, including the reduction in 106 full-time employees. The restructuring will require a one- ...

CALGARY, AB, July 5, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or "The Company") today announced that it has completed the acquisition (the "Debt Acquisition") of the principal indebtedness (the "Purchased Indebtedness") of Delta 9 Cannabis Inc. ("Delta 9") from Connect First and Servus Credit Union Ltd. ("CFCU") for a purchase price of CAD $28,138,284 pursuant to a purchase and sale of indebtedness agreement dated July 5, 2024. SNDL is a public company whose shares are traded on the Nasdaq under ...

CALGARY, AB, July 5, 2024 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or the "Company") announced today that it has entered into a purchase agreement (the "Bid Agreement") with Indiva Limited ("Indiva") and its direct and indirect subsidiaries (collectively with Indiva, the "Indiva Group"), pursuant to which SNDL has offered to purchase all of the issued and outstanding shares of Indiva and the business and assets of the Indiva Group (collectively, the "Indiva Assets") for consideration comprising of a ...

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 ...

Core Viewpoint - SNDL is positioned for potential growth due to its diversified operations, improving efficiency, and investment income, making it an attractive option for value-sensitive investors [9][12]. Company Overview - SNDL, formerly known as Sundial Growers, has evolved from a Canada-only marijuana business to the largest private liquor retailer in Canada and a significant player in the North American cannabis investment banking sector [10]. - The company's investment segment, SunStream Bancorp, focuses on providing loans to marijuana businesses in the U.S. and Canada, with a portfolio valued at approximately CA$560 million [2][10]. Financial Performance - SNDL's current price-to-book (P/B) ratio is 0.6, and its price-to-sales (P/S) ratio is 0.8, indicating that the stock price does not fully reflect the underlying asset value and revenue [8][12]. - In the first quarter, the investment segment generated CA$13 million in operating income, while liquor sales brought in CA$116 million and cannabis sales over CA$71 million, with only liquor being profitable [10]. Market Catalysts - Potential catalysts for SNDL's stock price appreciation include maintaining consecutive quarters of operating profits and the legalization of cannabis in the U.S. [4][9]. - The company is well-positioned to benefit from increased demand in the U.S. cannabis market, especially if banking reforms occur [15]. Investment Outlook - The current market conditions suggest a favorable environment for SNDL, with a solid margin of safety for conservative investors [13]. - The company's low valuation and improving operational efficiency present a prime opportunity for value investors [16][17].

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 ...