Why SNDL Stock Is Getting Hammered
Portfolio Pulse from Henry Khederian
SNDL Inc's stock is trading lower by 7.3% due to worse-than-expected Q4 financial results from peer cannabis company Canopy Growth Corporation. Canopy Growth reported losses of 24 cents per share and quarterly sales of $72.61 million, missing analyst estimates.
June 23, 2023 | 7:15 pm
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NEGATIVE IMPACT
Canopy Growth Corporation reported worse-than-expected Q4 financial results, with losses of 24 cents per share and quarterly sales of $72.61 million, missing analyst estimates.
Canopy Growth Corporation's poor Q4 financial results are likely to negatively impact its stock price in the short term. The company reported losses of 24 cents per share and quarterly sales of $72.61 million, both of which missed analyst estimates.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
SNDL Inc's stock is trading lower by 7.3% due to worse-than-expected Q4 financial results from peer cannabis company Canopy Growth Corporation.
SNDL's stock price is being negatively impacted by the poor financial results of its peer, Canopy Growth Corporation. As a result, investors may be concerned about the overall performance of the cannabis industry, leading to a decline in SNDL's stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 50