Streetbeat News

SNDL

SNDL Inc.

https://www.sndlgroup.com

Industry

Drug Manufacturers - Specialty & Generic

SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Cannabis Operations and Retail Operations segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use markets; and private sale of recreational cannabis through corporate owned and franchised retail cannabis stores. The company also produces and distributes inhalable products, such as flower, pre-rolls, and vapes. It offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands. The company was formerly known as Sundial Growers Inc. and changed its name to SNDL Inc. in July 2022. SNDL Inc. was incorporated in 2006 and is headquartered in Calgary, Canada.

Open

2.04

Mkt cap

525M

Volume

3.2M

High

2.05

P/E Ratio

-6.39

52-wk high

2.93

Low

1.96

Div yield

N/A

52-wk low

1.30

On October 22, 2024, several cannabis stocks experienced significant price movements. Notable gainers included CLS Holdings USA, SOL Global Investments, and Canopy Growth, while Radiko Holdings and Body and Mind were among the biggest losers.

Portfolio Pulse from Benzinga Insights

October 22, 2024 | 8:30 pm

A legislative committee in Ireland has recommended the limited legalization of marijuana and the decriminalization of all illicit drugs for personal use. The report emphasizes a health-led approach to drug policy, aiming to reduce harm and stigma. The committee suggests studying regulated cannabis markets in other countries and expanding Ireland's medical marijuana program.

Portfolio Pulse from Benzinga Newsdesk

October 22, 2024 | 7:26 pm

SNDL Inc. has completed its acquisition of Nova Cannabis, securing full ownership and enhancing its position in the Canadian cannabis market. The deal, valued at $37 million, offers Nova shareholders a cash option or SNDL shares, with most opting for cash. This acquisition is expected to streamline SNDL's operations and reduce costs, potentially boosting shareholder value.

Portfolio Pulse from Patricio Liddle

October 21, 2024 | 4:13 pm

Nova Cannabis shareholders have approved the acquisition by SNDL Inc., where SNDL will acquire all Nova shares for either cash or SNDL shares. The deal, valued at approximately $29.1 million, aims to enhance SNDL's cannabis retail portfolio and generate cost savings. The acquisition is expected to close by October 18, 2024, pending court approval.

Portfolio Pulse from Jelena Martinovic

October 17, 2024 | 2:01 pm

The cannabis industry is experiencing significant leadership changes. Notable updates include Aurora Cannabis Inc.'s CEO Miguel Martin taking on the role of executive chairman, and IM Cannabis Corp. appointing Shmulik Arbel to its board. Canopy Growth Corporation's shareholders confirmed their board nominees, and Flora Growth Corp. named Harold Wolkin as an independent director. These changes reflect ongoing shifts in the cannabis sector's leadership landscape.

Portfolio Pulse from Jelena Martinovic

October 11, 2024 | 1:26 am

Banzai has been granted an extension by the Nasdaq Hearing Panel to regain compliance with listing requirements.

Portfolio Pulse from Benzinga Newsdesk

October 02, 2024 | 12:34 pm

The article reports on the performance of various cannabis stocks on October 1, 2024. Notable gainers include Currenc Group (NASDAQ:CURR) and Mexco Energy (AMEX:MXC), while significant losers include 22nd Century Group (NASDAQ:XXII) and Canopy Growth (NASDAQ:CGC).

Portfolio Pulse from Benzinga Insights

October 01, 2024 | 8:30 pm

Lawmakers are pressing the DEA to finalize a proposal to reschedule marijuana, which could impact the cannabis industry and related stocks.

Portfolio Pulse from Benzinga Newsdesk

October 01, 2024 | 3:44 pm

Cannabis stocks are experiencing a surge in trading following a report that Vice President Harris is advocating for the legalization of marijuana.

Portfolio Pulse from Benzinga Newsdesk

September 30, 2024 | 3:16 pm

In 2024, several cannabis companies faced delisting from major stock exchanges due to financial instability and compliance issues. Bright Green Corporation was delisted from Nasdaq, while Aurora Cannabis avoided delisting through a reverse stock split. Clever Leaves Holdings voluntarily delisted, and Heritage Cannabis Holdings was delisted due to creditor protection proceedings.

Portfolio Pulse from Rolando García

September 26, 2024 | 5:38 pm

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