Why SNDL Rallied Last Week [Yahoo! Finance]
SNDL Inc. - Common Shares (SNDL)
Company Research
Source: Yahoo! Finance
SNDL is coming off an earnings report that showed positive momentum in revenue and profitability, with its losses narrowing. Then last week came several positive news items regarding the cannabis industry in Canada and prospects for legalization in the U.S. SNDL is diversified, but cannabis brings the upside potential The Canada-based SNDL is a bit different from your traditional multistate operator in the U.S. After becoming a meme stock back in 2021, SNDL was able to raise a massive amount by tapping the equity markets when its price was elevated. SNDL then redeployed that cash in several ways: buying a profitable liquor retail business, consolidating several smaller Canadian cannabis retailers and wholesalers, and investing in the debt securities of U.S. cannabis companies via its SunStream Bancorp joint venture. Therefore, Sundial is exposed to both the Canadian and U.S. cannabis industries, each of which saw positive news last week. On Wednesday, Canada's most populous p
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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