Revenue segments as reported by the company.

Gross revenue

Excise taxes

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Interest and fee revenue

Investment  revenue/loss

Share of profit of equity-accounted investees

General and administrative

Sales and marketing

Research and development

Depreciation and amortization

Share-based compensation

Restructuring costs

Asset impairment

Government subsidies

Loss on cancellation of contracts

Loss on disposition of assets

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

SNDL Inc.

SNDL, Inc. is a licensed producer that crafts small-batch cannabis using state-of-the-art indoor facilities. Its brand portfolio includes Top Leaf, Sundial Cannabis, Palmetto and Grasslands. Sundial also operates the Spiritleaf retail banner. The company was founded by Stanley J. Swiatek on August 19, 2006 and is headquartered in Calgary, Canada.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

SNDL reports record revenue in 2022, eyes growth opportunities

SNDL achieved significant revenue growth and operational milestones in 2022, solidifying its position in the cannabis industry.
Despite challenges such as net losses and EBITDA declines, SNDL's focus on strategic partnerships and efficiency improvements bode well for future growth.
Opportunities for margin expansion and revenue maximization through data monetization and aggressive inventory management strategies.
Strong liquidity position and diversified revenue streams provide a foundation for SNDL's future success and value creation for shareholders.

SNDL reports transformative Q1 earnings, eyes international growth opportunities

SNDL's Q1 2023 performance showcased significant revenue growth and operational improvements, positioning the company as a major player in the cannabis industry.
Despite challenges in net loss and revenue fluctuations, SNDL's strengths lie in its operational efficiency, debt-free status, and focus on sustainable growth strategies.
Opportunities for SNDL include exploring international markets, optimizing data service programs, and enhancing regulatory compliance for future growth and profitability.
To address challenges, SNDL must navigate seasonal impacts, margin fluctuations, and evolving consumer behaviors through targeted strategies and operational adjustments.

SNDL reports robust Q2 earnings, eyes US market entry

SNDL's Q2 2023 performance reflects revenue growth, margin improvement, and a strong cash position, with a strategic focus on profitability by 2024. The company faces challenges in consumer trends, cost management, and restructuring efforts but has opportunities for market expansion and growth through strategic initiatives. SNDL's emphasis on value products, vertical integration, and cost-saving measures underpin its growth strategy.

SNDL achieves positive cash flow milestone, eyes strategic growth

SNDL's Q3 2023 earnings call showcased a mix of achievements and challenges, with notable improvements in cash flow and revenue growth.
The company's financial strength, cost-saving initiatives, and strategic focus on profitability present a positive outlook for future performance.
While facing margin challenges and increased expenses, SNDL's proactive measures and market position offer opportunities for sustained growth and value creation.

SNDL Inc. reports record revenue and profit, eyes growth opportunities

SNDL Inc.'s Q4 2023 earnings call highlighted robust financial performance, driven by record revenue and gross profit milestones.
The company's focus on operational efficiencies, strategic investments, and market expansion sets the stage for continued growth in 2024.
While facing challenges in managing investment risks and regulatory complexities, SNDL's strong financial position and growth opportunities position it well for the future.

SNDL Inc. reports robust Q1 performance, eyes global expansion opportunities

SNDL Inc. demonstrated strong financial performance in Q1 2024, driven by revenue growth, strong cash flow, and record results in key segments. The company's strategic initiatives, successful integrations, and focus on sustainable growth position SNDL for future success. Challenges in regulatory environments and market dynamics exist, but SNDL's proactive approach and market positioning offer opportunities for continued growth and profitability.

SNDL Inc. achieves record margins and pursues strategic growth initiatives

SNDL Inc. reported strong financial performance with record gross margins and revenue growth in key segments, emphasizing profitability and strategic priorities.
Efforts to reduce corporate overhead, pursue cost-saving initiatives, and optimize capital allocation reflect SNDL's commitment to efficiency and sustainability.
Despite facing regulatory challenges and revenue slowdown in the Liquor segment, SNDL remains focused on growth, profitability, and operational improvements.

SNDL Inc. reports robust Q3 earnings, focuses on strategic growth

SNDL Inc.'s Q3 2024 performance showcased strong revenue growth in Cannabis segments and improved gross margins, despite challenges in adjusted operating income.
The company's strategic initiatives and acquisitions demonstrate a proactive approach to enhancing long-term growth and profitability.
While facing challenges in certain segments, SNDL's focus on operational efficiency and cash management positions it well for future opportunities.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

SNDL, Inc. is a licensed producer that crafts small-batch cannabis using state-of-the-art indoor facilities. It operates through the following segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. The Liquor Retail segment consists of wines, beers, and spirits through owned liquor stores. The Cannabis Retail segment comprises of the private sale of adult-use cannabis through owned and franchise retail cannabis stores. The Cannabis Operations covers the cultivation, distribution and sale of cannabis for the adult-use, and medical markets domestically and for export. The Investments segment includes the deployment of capital to investment opportunities. The company was founded by Stanley J. Swiatek on August 19, 2006 and is headquartered in Calgary, Canada.

SNDL Inc. (NASDAQ:SNDL ) Q3 2023 Earnings Conference Call November 13, 2023 10:30 AM ET Company Participants Zach George - Chief Executive Officer Alberto Paredero - Chief Financial Officer Tank Vander - President, Liquor Retail Tyler Robson - President, Cannabis Conference Call Participants Frederico Gomes - ATB Capital Markets Pablo Zuanic - Zuanic & Associates Operator Good morning and welcome to SNDL's Third Quarter 2023 Financial Results Conference Call. This morning, SNDL issued a press release announcing their financial results for the third quarter ended on September 30, 2023.

SNDL Inc. (SNDL) Q3 2023 Earnings Call Transcript

SNDL (NASDAQ:SNDL) has announced it achieved positive free cash flow in its fiscal third quarter, boosted by its March 2022 acquisition of Alcanna which helped transform it into the largest private-sector liquor and cannabis retailer in Canada. The company also announced its board has approved a renewal of its share buyback program, authorizing it to repurchase up to C$100 million of its own stock.

SNDL shares rise as it achieves positive free cash flow, announces share buybacks

SNDL (NASDAQ: SNDL ), formerly known as Sundial Growers, reported third-quarter results on Monday, Nov. 13 that highlighted strengthened financial performance. The company's net revenue rose by 3.1% to 237.6 million CAD for the third quarter of 2023, as compared to 230.5 million CAD recorded in the same period last year.

Sundial (SNDL) Stock Ticks Up 3% On Cash Flow, Share Buyback

CALGARY, AB , Nov. 13, 2023 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or the "Company") reported its financial and operational results for the third quarter ended September 30, 2023. Unless otherwise indicated, all financial information in this press release is reported in millions of Canadian dollars.

SNDL Reports Third Quarter 2023 Financial and Operational Results and Achieves Positive Net Cash from Operating Activities and Free Cash Flow

Aurora Cannabis

Canopy Growth

Cronos Group

Jazz Pharmaceuticals

MedMen Enterprises Inc.

AdvisorShares Pure Cannabis ETF 

The rollercoaster ride of the cannabis market has left many in the investing world dazed and confused. The sector's volatility is marked by winds of optimism followed by spells of disappointment.

Cannabis Cash Burn Concerns? Sell These 7 Overbought Stocks Now.

Tilray Brands

The Canadian marijuana market and top marijuana stocks are still filled with investment opportunities as November 2023 draws in both seasoned traders and novices. The industry's unrelenting expansion has been nothing short of extraordinary, driven by rising legality and soaring demand. Since cannabis was first legalized for recreational use in 2018, Canada's cannabis market has advanced significantly. Its booming retail sector, elite cultivators, and well-established infrastructure contribute to its continued success. Growing exports abroad have also helped the industry, establishing Canada as a significant cannabis-producing hub.

November's Top Canadian Cannabis Stocks: A Closer Look

The cannabis market has been marred by long swings of optimism and even longer swings of underwhelming results. Investors in the space have been burned time and again by stocks that promise massive returns from the fledgling sector that continues to draw hope from a patchwork of legal regulations.

Is the Cannabis Craze Cooling Off? Avoid These 3 Overvalued Stocks

SNDL Inc. capitalizes on Canada's liquor and cannabis retail market, venturing into Cannabis financing via SunStream Bancorp, addressing funding gaps in the industry. Strategic alliances with Nova Cannabis and SunStream Bancorp aim to bolster SNDL's market reach, facilitating market consolidation and financial support in the cannabis sector. Vertical integration and a vast cannabis brand portfolio position SNDL for competitive advantage, potentially leading to higher margins with scaling revenues.

SNDL: Promising Cannabis Expansion Via SunStream Bancorp

CALGARY, AB , Oct. 30, 2023 /PRNewswire/ - SNDL Inc. (NASDAQ: SNDL) ("SNDL") and Nova Cannabis Inc. (TSX: NOVC) ("Nova") announced today that while all other provincial approvals have been received, the continued review by one provincial regulator has necessitated a further extension of the outside date for the closing of the previously-announced strategic partnership (the "Transaction") to November 30, 2023. In addition, SNDL and Nova have extended the maturity date of Nova's revolving credit facility with SNDL to November 30, 2023.

SNDL and Nova Cannabis Extend Outside Date for Closing of the Strategic Partnership

SNDL Inc. (Nasdaq: SNDL) (“SNDL”) announced today that it will release its third quarter financial results for the period ended September 30, 2023, before market opens on Monday, November 13, 2023.

SNDL Inc. (SNDL) to Announce Third Quarter 2023 Financial Results on November 13, 2023

CALGARY, AB , Oct. 27, 2023 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL") announced today that it will release its third quarter financial results for the period ended September 30, 2023, before market opens on Monday, November 13, 2023. Following the release of its third quarter financial results, SNDL will host a conference call and webcast at 10:30 a.m.

SNDL to Announce Third Quarter 2023 Financial Results on November 13, 2023

Investors and traders in the Canadian cannabis market are closely monitoring the leading Canadian cannabis stocks as November draws near. Recent years have seen a substantial increase in the legalization of cannabis and a shift in public perception of the plant as a whole. New Frontier Data estimated that the global legal cannabis business was worth $17.5 billion in 2019 and that it would be worth a staggering $105.9 billion by 2025. Due to this rapid expansion and Canada's dominant position in the production and distribution of cannabis, Canadian cannabis stocks are in high demand from both long-term investors and short-term traders.

Stay Ahead of the Game: Canadian Cannabis Stocks to Watch Before November

CALGARY, AB , Oct. 19, 2023 /PRNewswire/ - SNDL Inc. (Nasdaq: SNDL) ("SNDL" or the "Company") announced today additional optimizations of its facility footprint to enhance the competitiveness and profitability of its Cannabis Operations segment. The Company will consolidate all cultivation activities at its Atholville, New Brunswick Facility (the "Atholville Facility") following the centralization of SNDL's manufacturing, processing and production operations to Kelowna, British Columbia.

SNDL Streamlines Cannabis Operations Footprint to Enhance Competitiveness and Profitability

As we enter the fourth quarter of 2023 the cannabis sector is progressing into the future. More companies are working on various ventures and developing new products. Not only that there is the continued effort to establish federal cannabis reform more notably the SAFER Banking Act. Due to the current conflict between Israel and Palestine and other political priorities like the 2024 presidential election. So the issue of passing any type of federal reform has once again taken a back seat.

These Marijuana Stocks Could See Better Trading Come 2024

HEXO Corp

OrganiGram Holdings Inc.

Tuesday, October 17, 2023 marks five years since recreational cannabis was legalized in Canada and it's been tough going for operators in the budding sector. Industry players have had to contend with oversaturation, competition from the black market, limited opportunities to enter the United States market, and, more recently, challenging broader economic conditions due to high inflation and interest rates.

Cannabis stocks struggle as Canada marks five years of legal recreational use

CALGARY, AB , Oct. 13, 2023 /PRNewswire/ - SunStream Bancorp Inc. ("SunStream") is pleased to announce a receivership court order (the "Sale Order") granting the sale of certain assets of Greenpeak Industries Inc. and certain affiliated entities d.b.a. Skymint ("Skymint") to Skymint Acquisition Co. (the "Skymint Transaction"), a newly formed designee entity of Tropics LP ("Tropics").

Skymint Assets Acquired from Receivership; Sunstream USA Builds on Parallel Acquisition

Pity the average cannabis stock investor. Since 2021, shares of the largest cannabis fund, the AdvisorShares Pure US Cannabis ETF (NYSEARCA: MSOS ) have lost over 80% of their value.

2 A-Rated Cannabis Stocks Are the ONLY Ones You Should Buy Right Now

Tilray Brands has been hampered in realizing its multinational marijuana ambitions. SNDL is gaining strength in Canada, but the competition might be a problem.

Better Turnaround Stock: Tilray Brands vs. SNDL

SNDL Inc. (NASDAQ:SNDL ) AGP Annual Virtual Cannabis Conference October 4, 2023 9:45 AM ET Company Participants David Klein - Chief Executive Officer, Canopy Growth Corp Zach George - Chief Executive Officer, Sundial, Inc. Steve Ruffini - Chief Financial Officer, Village Farms Conference Call Participants Aron Govil - AGP Aron Govil [Starts Abruptly] Cannabis Conference. Thanks for joining us.

SNDL Inc. (SNDL) AGP Annual Virtual Cannabis Conference

The North American cannabis market is booming in 2023, thanks to the legalization of recreational and medical marijuana in several states and provinces. Many investors are betting on the growth potential of this industry, especially as cannabis may be moved to Schedule III from Schedule I of the Controlled Substances Act ( CSA ).

Ticking Time Bombs: 3 Cannabis Stocks to Dump Before the Damage Is Done

AdvisorShares Pure US Cannabis ETF

Roundhill Cannabis ETF

Shares of marijuana companies gave back early gains on Wednesday after jumping following a U.S. Senate committee voted to advance a bill that would give legal cannabis-related companies a boost by allowing them to access banking system services.

Cannabis stock gains fade in volatile trading on US Senate bill hopes

IM Cannabis Corp

Village Farms International

Canadian cannabis stocks have emerged as the most intriguing investment options in this thriving market as the global cannabis industry continues to change and expand. Canada has cemented its place as a global powerhouse for cannabis research and production in recent years, attracting investors worldwide. The potential for growth in this industry is apparent, with statistics predicting significant expansion. According to Grand View Research, the worldwide legal cannabis industry is expected to reach $97.35 billion by 2027, owing to increased legalization attempts, medical applications, and shifting attitudes about cannabis consumption.

Investor's Radar: Canadian Cannabis Stocks Worth Watching in October 2023

Green Thumb Industries Inc.

The most popular cannabis stocks could see higher highs. The U.S. Department of Health and Human Services wants to downgrade the drug from a Category 1 substance to Category 3.

7 Cannabis Stocks Getting the Most Love on Reddit Now

Curaleaf Holdings, Inc.

Cannabis stocks have navigated an extended period of uncertainty and financial depression thanks to regulatory headwinds. Further, most cannabis companies have witnessed an extended period of cash burn.

Hidden Gems: 3 Cannabis Stocks Flying Under the Radar

Marijuana stock investors are keeping focused on the future of the cannabis industry. Right now even with an increase in volatile trading, the industry is still progressing. There are more states and global regions that are working to establish legal cannabis markets. It seems that the toughest hurdle to get passed is cannabis reform whether it's the state level or federal. Although federal reform is what some are calling the last true obstacle of the sector. Now for the US cannabis industry, this holds more truth than not.

News for SNDL Inc. Stock (SNDL)