SNDL Inc. (SNDL) SNDL Inc. is a Canadian firm engaged in the cultivation, distribution, and sale of cannabis products across the country. Its operations are organized into two distinct segments: Cannabis Operations and Retail Operations. Through its Cannabis Operations, the company manages the growing, supplying, and selling of cannabis specifically for the adult-use market. Meanwhile, its Retail Operations segment is responsible for the direct private sale of recreational cannabis via a network of both corporate-owned and franchised retail outlets. SNDL also produces and distributes a range of inhalable cannabis products, including dried flower, pre-rolled joints, and vape cartridges. These items are marketed under several key brands, such as Top Leaf, Sundial Cannabis, Palmetto, and Grasslands. The company, originally incorporated in 2006 as Sundial Growers Inc., officially adopted its current name, SNDL Inc., in July 2022. Its main corporate office is situated in Calgary, Canada.
Sector: Medicinal Chemicals & Botanical Products
Mkt Cap $346.36M
Earnings Mar 11 · in 4mo
CLOSED · Nov 6 $1.42 CLOSED · Nov 6 Prev close $1.38 Close $1.42 AH close $1.39 VOL 657K $ Vol $917K RVOL 0.47x
Mkt Cap $346.36M
VOL 657K sh
$ Vol $917K
RVOL 0.47×
Earnings Mar 11 · in 4mo
Press Release ● Major ⚠ 5
SNDL Reports Third Quarter 2026 Financial and Operational Results
SNDL reported Q3 2026 net revenue of C$238.0 million, down 2.5% year-over-year, with a C$52 million goodwill impairment driving a C$50.8 million net loss.
Underlying performance improved: adjusted operating income turned positive at C$5.2 million (up C$14.8 million YoY) and free cash flow hit a quarterly record of C$20.0 million, while Cannabis Operations revenue fell 27.7% on its exit from dried flower.
The company launched a strategic review of Cannabis Operations, cut over 30% of the Kelenna/Kelowna site workforce, and completed the Parallel restructuring that cut its debt by ~US$842 million and lifted SNDL's indirect equity stake to ~92%, with a feasibility study underway to directly own and consolidate Parallel's U.S. medical cannabis operations.
SNDL holds C$617.8 million in cash, securities and investments with no debt, repurchased 23.1 million shares year-to-date, and is pursuing a possible C$50 million substantial issuer bid that could shrink share count by more than 10%.
• 12d ago AI analysis › Press Release ● Major ⚠ 4
SNDL Announces 2026 Annual and Special Shareholders Meeting Results, Select Preliminary Third Quarter Results and Capital Return Initiatives
SNDL expects to report approximately C$20 million of Q3 2026 free cash flow, its highest quarterly result ever, aided by roughly C$10.6 million from unwinding its captive insurance arrangement.
The board directed management to explore a substantial issuer bid of up to C$50 million at no more than C$1.92 per share — a 17.4% premium to the October 14 close — on top of 21.8 million shares (~C$43.4 million) already repurchased over the past year.
Shareholders rejected the proposed share consolidation (54.1% support versus a required two-thirds), and management signaled accelerated capital return instead. The company also raised its indirect stake in Parallel to ~92% and reached an agreement in principle with Ontario's AGCO to resolve regulatory matters with a C$200K fine.
• 24d ago AI analysis › Press Release
SNDL to Report Third Quarter 2026 Financial Results on October 27, 2026
SNDL will release its third quarter 2026 financial results before markets open on Tuesday, October 27, 2026.
A conference call and webcast will follow at 10:00 a.m. EDT on the same day. The release contains no financial figures or guidance.
SNDL is one of the largest vertically integrated cannabis companies and the largest private-sector liquor and cannabis retailer in Canada.
• 25d ago AI analysis › Press Release ⚠ 1
SNDL Announces Resignation of Director
SNDL Inc. announced that director Carlo Cannell resigned from the Board of Directors effective immediately.
The company thanked Mr. Cannell for his contributions but gave no reason for the departure and named no successor.
A single board resignation without stated cause is a routine governance event with limited expected market impact.
• 1mo ago AI analysis › Press Release
SNDL Announces Successful Completion of EU-GMP Audit at Atholville Facility
SNDL announced the successful completion of an EU-GMP audit at its Atholville facility, positioning the company to supply international medical cannabis markets.
The facility spans 380,000 square feet with 110,000 square feet of canopy and a current production capacity of 4,500 kilograms per quarter.
Management expects formal EU-GMP certification within 90 days, unlocking further international opportunities.
• 3mo ago AI analysis › Press Release ⚠ 4
SNDL Reports Second Quarter 2026 Financial and Operational Results
SNDL reported Q2 2026 revenue of $235.8 million, a 3.7% decrease year-over-year, with an operating loss of $7.8 million driven by lower revenue in liquor and cannabis segments and production ramp-up costs for its Jeeter brand.
Despite operational headwinds, the company maintained a debt-free balance sheet with $183.2 million in unrestricted cash and repurchased 11.7 million common shares during the quarter, totaling over 29 million shares since Q4 2024.
The company completed the restructuring of Parallel, expected to generate approximately US$150 million in annualized revenue and position SNDL as a leading vertically integrated cannabis operator in Florida, Texas, and Massachusetts.
• 3mo ago AI analysis › Press Release ● Major
SNDL Announces Completion of Parallel Asset Acquisition and Positions for Nasdaq-Consolidated U.S. Medical Cannabis Operations
SNDL completed the acquisition of certain assets of Surterra Holdings (Parallel) via a strict foreclosure agreement, gaining indirect majority economic exposure to the U.S. vertically integrated cannabis operator.
The transaction expands SNDL's retail network to 249 stores, making it the largest in the world by store count, and adds assets with approximately $150 million in annualized revenue across Florida, Texas, and Massachusetts.
This restructuring extinguished approximately $842 million of Parallel's legacy debt; SNDL expects to convert its indirect interest to direct, consolidated holdings on Nasdaq in the coming months.
• 3mo ago AI analysis › Press Release
SNDL to Report Second Quarter 2026 Financial Results on July 28, 2026
SNDL Inc. announced that it will release its second quarter 2026 financial results before the market opens on Tuesday, July 28, 2026.
Management will host a conference call and webcast at 10:00 a.m. EDT on July 28 to discuss the results for the period ended June 30, 2026.
SNDL is a vertically integrated cannabis company and the largest private-sector liquor and cannabis retailer in Canada.
• 3mo ago AI analysis › Press Release ⚠ 2
SNDL Announces Update on Arrangement Agreement with 1CM for Acquisition of Ontario Cannabis Stores
SNDL announced that the acquisition of 27 Ontario cannabis retail stores from 1CM Inc. will not proceed due to prolonged regulatory reviews exceeding commercially reasonable timelines.
The abandoned Ontario portion of the deal was valued at $27.2 million, leaving only the previously completed acquisition of five stores in Alberta and Saskatchewan intact from the original $32.2 million agreement.
SNDL intends to reallocate the capital reserved for the Ontario acquisition toward share repurchases under its existing $100 million buyback program, which has already seen $11.1 million in repurchases since March 31, 2026.
• 5mo ago AI analysis › Press Release
1CM Provides Update on Arrangement Agreement with SNDL
newsfilecorp.com • 5mo ago Press Release
Multibillion-Dollar Edibles Market Gains Rising Momentum as Legalization Expands
Canopy Growth is mentioned in a third-party industry commentary article as one of several active companies in the cannabis sector.
The article primarily repurposes news about Herbal Dispatch's international exports and awards given to other competitors like Tilray and SNDL.
Canopy's specific mention is limited to its Apollo Clinics receiving a local reader's choice award, which is immaterial to financial performance.
• 6mo ago AI analysis › Press Release ⚠ 3
SNDL Reports First Quarter 2026 Financial and Operational Results
SNDL reported first quarter revenue of $195.9 million, down 4.4% year-over-year, while narrowing its operating loss to $9.1 million compared to the prior period.
The company maintained a strong balance sheet with $213.4 million in unrestricted cash and no debt, utilizing $9.6 million to repurchase 4.5 million common shares during the quarter.
Strategic initiatives included the launch of the Jeeter brand in Canada, the acquisition of five Cost Cannabis stores, and operational restructuring targeting $20 million in incremental operating income.
• 6mo ago AI analysis › 
