SNDL: Cannabis Rally Loses Steam Amidst Long-Term Uncertainty [Seeking Alpha]
SNDL Inc. - Common Shares (SNDL)
Company Research
Source: Seeking Alpha
The Canadian and US cannabis markets are facing challenges, including negative growth and price compression. SNDL's Q4-2023 earnings show improvement in revenue and profit, and the company is well-positioned for future growth. I continue a Hold rating for SNDL and cover the risk. I covered SNDL ( NASDAQ: SNDL ) last April and gave the company a Hold rating. The stock has gained 26.81% since my coverage. Most of the gain occurred in the last thirty days and surrounds the current cannabis sector rally. I continue a Hold rating for SNDL and will consider in this article some of the factors weighing down on the US and Canadian cannabis markets. SNDL's recent Q4-2023 earnings release gives us insight into some of the important issues. Recent Cannabis Rally Two events seemed to cause the cannabis sector rally last week. Analysts cited the Schumer petition as to why there was a cannabis sector rally. This event seems less important since it indicates the continued failure of our l
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SNDL
News
- SNDL to Announce First Quarter 2024 Financial Results on May 9, 2024 [Yahoo! Finance]Yahoo! Finance
- SNDL to Announce First Quarter 2024 Financial Results on May 9, 2024PR Newswire
- SNDL Inc. (SNDL) Now Trades Above Golden Cross: Time to Buy? [Yahoo! Finance]Yahoo! Finance
- SNDL to Participate in Upcoming International Cannabis Conferences [Yahoo! Finance]Yahoo! Finance
- SNDL to Participate in Upcoming International Cannabis ConferencesPR Newswire
SNDL
Sec Filings
- 4/26/24 - Form 6-K
- 4/15/24 - Form S-8
- 4/9/24 - Form 6-K
- SNDL's page on the SEC website