Sundial(US:SNDL)2023-05-16 07:39Company Overview - SNDL is the largest private sector distributor of liquor and cannabis in Canada with 367 retail locations[10, 12] - The company has extinguished debt and raised over $1.2 billion of capital since 2020[12] - SNDL has $616 million in market capitalization and $589 million in enterprise value[13, 14] - The company possesses significant tax pools of $925 million[16] Financial Highlights - SNDL's latest quarter annualized net revenue is approximately $810 million[10] - Strategic cannabis investments total $579.9 million[10] - The company has $240 million in cash and marketable securities and no debt[14, 15] Segment Performance - Liquor retail gross revenue was $115.9 million with a gross margin of $26.3 million and adjusted EBITDA of $8.4 million in Q1 2023[41] - Cannabis retail gross revenue was $67.4 million with a gross margin of $15.8 million and adjusted EBITDA of $3.6 million in Q1 2023[60, 65, 66] - Cannabis operations generated gross revenue of $29.6 million and a gross margin of -$9.5 million in Q1 2023[83] - Investment revenue was -$4.9 million, while interest and fee revenue was $4.2 million in Q1 2023[93]