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SNDL FY22 Revenue Grows 1170% To $525.8M, Here Is What You Need To Know
Monday, April 24, 2023 - 7:49am | 685SNDL Inc. (NASDAQ: SNDL) released its financial and operational results for the full year and fourth quarter ended December 31, 2022, revealing record net revenue of CA$712.2 million ($525.8 million), an increase of 1170% over the previous year. Full Year 2022 Financial Highlights Gross margin...
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EXCLUSIVE: Strategies From 4 Cannabis Industry Leaders To Combat Price Compression, Alternative Cannabinoids
Wednesday, April 12, 2023 - 1:37pm | 547On day two of Benzinga's Cannabis Capital Conference in Miami, industry experts gathered to discuss the pressing issue of price compression in the cannabis sector. The panelists, featuring Matt Hawkins, founder and managing partner at Entourage Effect Capital; Pablo Zuanic from Zuanic...
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Cannabis Giant SNDL Grows Bigger: Finalizes Valens Acquisition Becoming 'A Leader And Trusted Partner' In Canadian Marijuana Space
Tuesday, January 17, 2023 - 11:31am | 768SNDL Inc. (NASDAQ: SNDL) completed the previously disclosed acquisition of all of the issued and outstanding common shares of The Valens Company Inc. (NASDAQ: VLNS) (TSX:VLNS), other than those held by SNDL and its subsidiaries, pursuant to a plan of arrangement under the Canada Business...
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Why Is SNDL Trading Higher Today?
Monday, November 14, 2022 - 9:03am | 664SNDL Inc. (NASDAQ: SNDL) shares are trading 8.85% higher at $2.83 per share during Monday’s pre-market session. The company released its financial results for the third quarter this morning, revealing record net revenue of CA$230.5 million ($173.3 million), compared to CA$223.7 million in the...
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SNDL Acquires Zenabis Business
Tuesday, November 1, 2022 - 9:05am | 396SNDL Inc. (NASDAQ: SNDL) announced that, in the context of proceedings pursuant to the Zenabis Group's filing under the Companies' Creditors Arrangement Act (Canada), it has successfully closed its acquisition of the Zenabis business, pursuant to an approval order of the Québec...
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EXCLUSIVE: The Cannabis Industry Is Ripe For M&A: Top Industry Execs Talk Opportunity Ahead
Tuesday, September 13, 2022 - 6:42pm | 723Merger and acquisition activity in the cannabis space has accelerated in 2022 and looks poised to continue to pick up with markets trending lower on continued inflation concerns. Several cannabis executives discussed potential opportunities Tuesday at Benzinga's Cannabis...
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SNDL To Buy Superette Assets Including 6 Retail Stores, Enters Into A Bid Agreement
Thursday, September 1, 2022 - 8:15am | 687SNDL Inc. (NASDAQ: SNDL) has entered into an agreement of purchase and sale with Superette Inc., pursuant to which it proposes to acquire substantially all of the business and assets of Superette through a hybrid asset purchase and 'reverse vesting' transaction. Superette intends to return...
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Sundial Growers Sets The Date For Special Meeting Of Shareholders, Voting On Consolidation Resolution
Friday, July 8, 2022 - 10:21am | 437Sundial Growers Inc.’s (NASDAQ: SNDL) forthcoming annual and special meeting of shareholders will be held on July 21, 2022 at 1 p.m. MDT (3 p.m. EDT). The current nominees for election to the board of directors, include existing board members Greg Mills, Zach George, Gregory Turnbull, Bryan...
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Sundial Growers Enters Into Bid Agreement For Zenabis Global Inc.'s Assets, Here's What We Know
Monday, June 20, 2022 - 2:22pm | 615Sundial Growers Inc. (NASDAQ: SNDL) announced Monday that it entered into a purchase agreement, in the form of a "stalking horse bid," pursuant to which the shares of Zenabis Global Inc. (TSX: ZENA) and the business and assets of its direct and indirectly wholly-owned...
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Sundial Growers Shares Soar 21% After Company Posts Q1 Earnings
Monday, May 16, 2022 - 7:40pm | 249Earnings are out for Canadian cannabis LP Sundial Growers Inc. (NASDAQ: SNDL), which published its financials for the first quarter of the year, ended March 31, 2022. The Monday report was welcomed positively by the market. Shares soared following its publication, closing Monday’s trading...
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Sundial Growers Revenue Grew 63% In Q4 2021 To $17.63M YoY
Thursday, April 28, 2022 - 8:05am | 686Sundial Growers Inc. (NASDAQ: SNDL) reported its financial and operational results for the full year and fourth quarter ended December 31, 2021. FULL YEAR AND FORTH QUARTER 2021 OPERATIONS AND INVESTMENT HIGHLIGHTS Net revenue for 2021 of CA$56.1 million ($43.57 million), a decrease of 8% over...
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EXCLUSIVE: Sundial CEO Says Day-Trading Retail Investors 'Helped Shape The Business'
Wednesday, April 20, 2022 - 3:30pm | 779Sundial Growers Inc (NASDAQ: SNDL), one of the largest players in the Canadian cannabis market has undergone an incredible transition since Zach George came as CEO, including organic change and M&A. During Benzinga’s Cannabic Capital Conference, in Miami, Scott Greiper founder and...
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Sundial Growers Completes Acquisition Of Alcanna For $255.55M In Stock And Cash
Thursday, March 31, 2022 - 8:00am | 672Sundial Growers Inc. (NASDAQ: SNDL) completed acquisition of all of the issued and outstanding common shares of Alcanna Inc. (TSX:CLIQ) pursuant to a plan of arrangement, for total consideration of approximately CA$320 million ($255.55 million) consisting of cash and common shares of Sundial....
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Sundial: Anticipated Closing Date Of Alcanna Acquisition And Late Filing Of Financial Statements
Tuesday, March 29, 2022 - 8:53am | 480Sundial Growers Inc. (NASDAQ: SNDL) expects the previously announced plan of arrangement with Alcanna Inc. to be completed on or about March 31, 2022. All regulatory requirements under applicable provincial liquor and cannabis legislation have now been satisfied and completion of the arrangement...
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Sundial's Alcanna Acquisition Just Steps Away From Closing After Final Court Order Approval
Wednesday, January 19, 2022 - 11:23am | 688Alcanna Inc. (OTCPK: LQSIF) (TSX: CLIQ) announced on Wednesday that the Court of Queen's Bench of Alberta has granted a final order approving the previously announced plan of arrangement with Sundial Growers Inc. (NASDAQ: SNDL). What Happened In October, Sundial reported that it was...