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 ...

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 ...