SNDL: Heavy On Cash And Primed For A Recovery [Seeking Alpha]
SNDL Inc. - Common Shares (SNDL)
Company Research
Source: Seeking Alpha
The company is heavy on cash and holds zero debt on its balance sheet. SNDL's risk and reward paradigm has solidly shifted to the reward side as it now trades close to its record-low valuation. SNDL ( NASDAQ: SNDL ) at its current US$350 million market cap is likely trading significantly below what it otherwise would have under more normalized capital market conditions. Cannabis tickers have fallen out of favor as base interest rates at 22-year highs have sapped investor risk appetite, and a lack of progress on the global trajectory of cannabis legalization has kept the plant as a stock market pariah and toxic to institutional investors. To be clear, cannabis has remained in the grey zone in the five years since Canada leaped into the unknown with its Cannabis Act in 2018 which legalized and strictly regulated the sale of adult-use cannabis. SNDL has dipped since I last covered it, but recent operational wins set the backdrop for a potential recovery. SNDL has emerged as a key
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SNDL
News
- When Will SNDL Inc. (NASDAQ:SNDL) Turn A Profit? [Yahoo! Finance]Yahoo! Finance
- SunStream USA looks to acquire cannabis assets [Seeking Alpha]Seeking Alpha
- SunStream USA Poised to Acquire Cannabis Assets [Yahoo! Finance]Yahoo! Finance
- SunStream USA Poised to Acquire Cannabis AssetsPR Newswire
- SNDL Rallies On News Of U.S. Rescheduling Of Cannabis [Seeking Alpha]Seeking Alpha
SNDL
Sec Filings
- 5/2/24 - Form 6-K
- 4/26/24 - Form 6-K
- 4/15/24 - Form S-8
- SNDL's page on the SEC website