Why Marijuana and CBD Stocks Were Buzzing Today [Yahoo! Finance]
SNDL Inc. - Common Shares (SNDL)
Company Research
Source: Yahoo! Finance
Companies on both sides of the border saw nice share price pops. SNDL (NASDAQ: SNDL) gained nearly 12%, and fellow Canadian weedie Canopy Growth (NASDAQ: CGC) surged ahead by 32%. U.S.-headquartered cannabidiol (CBD) products specialist Charlotte's Web (OTC: CWBHF) also had a good day, with its stock closing up by almost 8%. A solid budget contributor The big tailwind for the Canadian stocks was the release of the 2024-2025 fiscal year budget for Ontario, by far the most populous of the country's 10 provinces. The document revealed that the provincial government anticipates earning 604 million Canadian dollars ($445 million) from taxes on cannabis sales. That forecast slightly exceeds the CA$586 million ($432 million) tally of the previous fiscal year. Ontario earns 75% of a federal tax on the drug, and also draws revenue by operating the Ontario Cannabis Store, which has a monopoly in online sales of recreational cannabis in the province. Although marijuana taxes don't provi
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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