SNDL Inc. (NASDAQ:SNDL) Q2 2024 Earnings Conference Call August 2, 2024 10:00 AM ET Company Participants Zach George - Chief Executive Officer Alberto Paredero - Chief Financial Officer Conference Call Participants Yewon Kang - Canaccord Genuity Frederico Gomes - ATB Capital Markets Operator Good morning, and welcome to the SNDL's Second Quarter 2024 Financial Results Conference Call. This morning, SNDL issued a press release announcing their financial results for the 2024 second quarter ended on June 30th, ...

The Company reports record Gross Margin and material improvements in profitability and Free Cash Flow year-over-year CALGARY, AB, Aug. 1, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ: SNDL) ("SNDL" or the "Company") reported its financial and operational results for the second quarter ended June 30, 2024. All financial information in this press release is reported in millions of Canadian dollars unless otherwise indicated. SNDL has also posted a supplemental investor presentation on its website, found at https://s ...

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 ...

Core Insights - SNDL Inc. announced a restructuring project aimed at reducing corporate overheads and improving organizational efficiency, targeting over $20 million in annualized cost savings through optimization of corporate spending and a reduction of 106 full-time employees [1][2][4] - The restructuring will involve a one-time investment of $11 million over the next 18 months, with most savings expected to be realized by mid-2025, and some opportunities starting as early as Q3 2024 [1][2] - The consolidation of SNDL's Cannabis segments into a single unit under Tyler Robson's leadership is intended to enhance efficiency and improve alignment within the company's vertical model [5] Company Overview - SNDL is the largest private-sector liquor and cannabis retailer in Canada, operating under various retail banners including Ace Liquor, Wine and Beyond, and Spiritleaf [4] - The company is a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada, focusing on low-cost biomass sourcing, premium indoor cultivation, and product innovation [4] - SNDL's investment strategy aims to deploy strategic capital through direct and indirect investments and partnerships within the North American cannabis industry [4]

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 ...

Group 1: Company Overview - SNDL has raised CA$1.1 billion (approximately US$800.4 million) through stock issuance to fund acquisitions in the cannabis and beer sectors in Canada [1] - The company is well-positioned compared to its North American competitors, with a solid balance sheet and the ability to acquire struggling businesses at low prices [2] - SNDL is nearing the completion of its turnaround plan, which includes diversifying its operations and consolidating its business [4] Group 2: Financial Position - After years of cost-cutting, SNDL is close to achieving quarterly operating profitability, with no long-term debt and CA$783.2 million in unrestricted cash and marketable securities [7] - The company has the largest retail footprint in Canada’s marijuana market, holding a 9% market share and generating CA$294 million in trailing-12-month revenue [12] Group 3: Market Outlook - The outlook for SNDL stock is positive over the next few years, although challenges remain due to its status as an unprofitable cannabis stock [13][14] - The company’s investments in U.S. cannabis businesses may face regulatory hurdles and competition, which could impact growth [3]

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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 ...