Sundial Growers Inc. engages in production and marketing of cannabis products for the adult-use market in Canada. It produces and distributes inhalable products, such as flower, pre-rolls, and vapes. The company offers its products under the Top Leaf, Sundial Cannabis, Palmetto, and Grasslands brands. Sundial Growers Inc. was incorporated in 2006 and is headquartered in Calgary, Canada.
IPO Year: 2019
Exchange: NASDAQ
Website: sundialgrowers.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
7/17/2024 | Speculative Buy | Canaccord Genuity | |
8/16/2022 | $5.00 | Hold → Speculative Buy | Canaccord Genuity |
5/3/2022 | $0.60 → $0.70 | Underperform → Market Perform | BMO Capital Markets |
CALGARY, AB, Sept. 10, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") announced today that after two decades of leadership and innovation in the liquor industry, Taranvir (Tank) Vander, President, Liquor Division, is retiring from SNDL to pursue new opportunities. Starting as a liquor store Manager in the early 2000s, Tank advanced to roles including Area Manager and General Manager before founding the Ace Liquor Corporation in 2013, growing it to 15 stores. In 2019, he partnered with Alcanna Inc., helping transform the company into one of Canada's large
CALGARY, AB, Aug. 29, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") announced today that, in the context of proceedings pursuant to Indiva Limited's ("Indiva") filing under the Companies' Creditors Arrangement Act (Canada) (the "CCAA") and the sales and investment solicitation process, the stalking horse bid of SNDL has been chosen as the successful bid in the acquisition of the Indiva business and assets (the "Transaction"), subject to approval by the Ontario Superior Court of Justice (Commercial List)(the "Court") overseeing the CCAA proceedings. SNDL
SNDL and Nova Execute Arrangement Agreement with Key Shareholder Support CALGARY, AB, Aug. 13, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL") and Nova Cannabis Inc. (TSX:NOVC) ("Nova") are pleased to announce that they have entered into an arrangement agreement (the "Agreement") pursuant to which SNDL will acquire all of the issued and outstanding common shares in the capital of Nova ("Nova Shares") not already owned by SNDL, representing approximately 34.8% of Nova Shares, by way of a statutory plan of arrangement (the "Transaction") for aggregate consideration of approximately $40 million (the "Consideration"). All financial information in this press release is reported in Canadian d
The Company reports record Gross Margin and material improvements in profitability and Free Cash Flow year-over-year CALGARY, AB, Aug. 1, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") reported its financial and operational results for the second quarter ended June 30, 2024. All financial information in this press release is reported in millions of Canadian dollars unless otherwise indicated. SNDL has also posted a supplemental investor presentation on its website, found at https://sndl.com. The Company will hold a conference call and webcast presentati
CALGARY, AB, July 30, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") is pleased to announce the resolutions put to holders of common shares (the "Shareholders") at the Annual General Meeting (the "Meeting") were passed. At the Meeting, Shareholders approved: (i) fixing the number of directors of the board at six (6); (ii) electing each of Gregory Mills, Zachary George, Lori Ell, Frank Krasovec, Bryan Pinney and Gregory Turnbull as directors of the Company for the ensuing year; and (iii) re-appointing Marcum LLP as the auditors of the Company for the ensu
CALGARY, AB, July 19, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL") announced today that it will release its second quarter 2024 financial results for the period ended June 30, 2024, before market opens on Friday, August 2, 2024. Following the release of its second quarter results, SNDL will host a conference call and webcast at 10:00 a.m. EDT (8:00 a.m. MDT) on August 2, 2024. WEBCAST ACCESS To access the live webcast of the call, please visit the following link:https://edge.media-server.com/mmc/p/7jsrnxfd ABOUT SNDL INC. SNDL is a public company whose shares are trad
CALGARY, AB, July 16, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or "The Company") today announced a restructuring project aimed at reducing corporate overheads and improving the efficiency of its organizational structure to position the Company for future growth. The project is expected to deliver over $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending, including the reduction in 106 full-time employees. The restructuring will require a one-time investment of $11 million over the next 18 months. As part of these
CALGARY, AB, July 5, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or "The Company") today announced that it has completed the acquisition (the "Debt Acquisition") of the principal indebtedness (the "Purchased Indebtedness") of Delta 9 Cannabis Inc. ("Delta 9") from Connect First and Servus Credit Union Ltd. ("CFCU") for a purchase price of CAD $28,138,284 pursuant to a purchase and sale of indebtedness agreement dated July 5, 2024. As a result of the Debt Acquisition, SNDL has become Delta 9's senior secured creditor with a first priority security interest in all of the
CALGARY, AB, July 5, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") announced today that it has entered into a purchase agreement (the "Bid Agreement") with Indiva Limited ("Indiva") and its direct and indirect subsidiaries (collectively with Indiva, the "Indiva Group"), pursuant to which SNDL has offered to purchase all of the issued and outstanding shares of Indiva and the business and assets of the Indiva Group (collectively, the "Indiva Assets") for consideration comprising of a credit bid of all of the indebtedness of the Indiva Group owing to SNDL, the retention of certain liabilities of the Indiva Group, and cash payments sufficient to repay certain priority ind
CALGARY, Alberta, May 31, 2024 (GLOBE NEWSWIRE) -- SNDL Inc. (NASDAQ:SNDL), Canada's largest private-sector regulated products platform, today announced that Zach George, Chief Executive Officer, will present live at KCSA Cannabis Virtual Investor Conference hosted by VirtualInvestorConferences.com and co-sponsored by KCSA Strategic Communications, on June 5, 2024. DATE: June 5, 2024TIME: 10:30 a.m. EDTLINK: https://bit.ly/3QVIu08 This will be a live, interactive online event through which investors are invited to ask the Company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the
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6-K - SNDL Inc. (0001766600) (Filer)
6-K - SNDL Inc. (0001766600) (Filer)
6-K - SNDL Inc. (0001766600) (Filer)
6-K - SNDL Inc. (0001766600) (Filer)
6-K - SNDL Inc. (0001766600) (Filer)
6-K - SNDL Inc. (0001766600) (Filer)
6-K - SNDL Inc. (0001766600) (Filer)
6-K - SNDL Inc. (0001766600) (Filer)
The cannabis sector witnessed significant movement today, with varied performances across key stocks and ETFs following President Joe Biden’s Sunday announcement that he will not seek re-election. The news created ripples in the market, reflecting investor sentiment and speculation about future regulatory changes. Biggest Winners Aurora Cannabis (NASDAQ:ACB): Increased by 9.04% to $6.02. Positive sentiment is driven by strategic partnerships. Village Farms International (NASDAQ:VFF): Rose by 7.41% to $1.09. The stock benefited from operational efficiency news. Tilray Brands (NASDAQ:TLRY): Saw a rise of 6.70% to $1.87. Investor optimism on future growth prospects in Germany. SNDL (NASD
GAINERS: Leafbuyer Techs (OTC:LBUY) shares closed up 3900.00% at $0.02 Heritage Cannabis Holding (OTC:HERTF) shares closed up 125.00% at $0.00 AusCann Group Holdings (OTC:ACNNF) shares closed up 50.00% at $0.01 Cann Gr (OTC:CNGGF) shares closed up 37.50% at $0.02 Target Group (OTC:CBDY) shares closed up 30.59% at $0.00 Canopy Gwth (NASDAQ:CGC) shares closed up 17.25% at $8.35 RIV Capital (OTC:CNPOF) shares closed up 13.33% at $0.10 GrowGeneration (NASDAQ:GRWG) shares closed up 13.03% at $2.66 Auxly Cannabis Group (OTC:CBWTF) shares closed up 12.60% at $0.03 SNDL (NASDAQ:SNDL) shares closed up 9.66% at $2.27 Aurora Cannabis (NASDAQ:ACB) shares closed up 8.87% at $6.25 Village Farms Intl (NAS
President Joe Biden's announcement that he will not seek re-election has impacted the cannabis stock market. The sector's reaction varied, reflecting investor sentiment and market speculation about future regulatory changes under a potential new administration. This analysis, derived from Benzinga Pro data, highlights the key movements among popular cannabis stocks 24 hours after the announcement. Biggest Losers Several cannabis stocks faced a downturn following the announcement. Curaleaf Holdings (OTC:CURLF) decreased by 1.3986% to $4.23. Jushi Holdings (OTC:JUSHF) dropped by 5.0847%, reaching $0.56. Green Thumb Industries (OTC:GTBIF) fell by 2.3444% to $11.455. Trulieve Cannabis (OTC:TCN
Canaccord Genuity analyst Yewon Kang assumes SNDL (NASDAQ:SNDL) with a Speculative Buy rating and announces Price Target of $3.25.
https://x.com/POTUS/status/1813565568454127970
Delta 9 Cannabis Inc. (OTC:DLTNF) reported Monday that it had obtained an initial order for creditor protection from the Court of King's Bench of Alberta under the Companies Creditors Arrangement Act (CCAA). The Initial order provides for a 10-day stay of creditor claims and proceedings concerning Delta 9 and its subsidiaries, Delta 9 Logistics Inc., Delta 9 Bio-Tech Inc., Delta 9 Lifestyle Cannabis Clinic Inc. and Delta 9 Cannabis Store Inc. The company's board of directors opted for the move after reviewing the following: The cash and liquidity position of the company The amount of debt of the company and its inability to repay such debt over the next twelve months, including
SNDL Inc. (NASDAQ:SNDL), which announced its restructuring project on Tuesday, also said that as part of these operational adjustments, it is consolidating its cannabis segments into a single unit under the leadership of Tyler Robson. Why It Matters The consolidation is intended to enhance efficiency, improve alignment and improve process speed within SNDL’s vertical model. The restructuring project is expected to reduce corporate overheads and improve the efficiency of its organizational structure while positioning the company for future growth. The project is expected to deliver over $20 million in annualized cost savings driven primarily by the optimization of corporate overhe
This consolidation is intended to enhance efficiency, improve alignment and improve process speed within SNDL's vertical model.
The project is expected to deliver over $20 million in annualized cost savings driven primarily by the optimization of corporate overhead spending. The restructuring will require a one-time investment of $11 million over the next 18 months. SNDL expects to achieve most of the anticipated annualized savings by mid-2025, while starting to capture some of the opportunities as early as Q3 2024.
CALGARY, AB, July 30, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") is pleased to announce the resolutions put to holders of common shares (the "Shareholders") at the Annual General Meeting (the "Meeting") were passed. At the Meeting, Shareholders approved: (i) fixing the number of directors of the board at six (6); (ii) electing each of Gregory Mills, Zachary George, Lori Ell, Frank Krasovec, Bryan Pinney and Gregory Turnbull as directors of the Company for the ensuing year; and (iii) re-appointing Marcum LLP as the auditors of the Company for the ensu
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"). Tropics is a limited partnership fully owned by an affiliate of Sunstream, a joint venture sponsored by SNDL Inc. (NASDAQ:SNDL) ("SNDL"). Skymint Acquisition Co. is anticipated to be part of the S
CALGARY, AB, July 27, 2023 /CNW/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") is pleased to announce the resolutions put to holders of common shares (the "Shareholders") at the Annual General Meeting (the "Meeting") were passed. At the Meeting, Shareholders approved: (i) fixing the number of directors to the board at six (6); (ii) electing each of Greg Mills, Zach George, Greg Turnbull, Bryan D. Pinney, Lori Ell and Frank Krasovec as directors of the Company for the ensuing year; and (iii) re-appointing Marcum LLP as the auditors of the Company for the ensuing year and
CALGARY, AB, July 27, 2023 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") is pleased to announce the resolutions put to holders of common shares (the "Shareholders") at the Annual General Meeting (the "Meeting") were passed. At the Meeting, Shareholders approved: (i) fixing the number of directors to the board at six (6); (ii) electing each of Greg Mills, Zach George, Greg Turnbull, Bryan D. Pinney, Lori Ell and Frank Krasovec as directors of the Company for the ensuing year; and (iii) re-appointing Marcum LLP as the auditors of the Company for the ensuing ye
CALGARY, AB, June 6, 2023 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") is pleased to announce the appointment of seasoned financial executive Alberto Paredero-Quiros as its new Chief Financial Officer ("CFO"). "We are thrilled to have Alberto join SNDL as CFO," said Zach George, Chief Executive Officer of SNDL. "His extensive leadership experience in global consumer-facing industries, proven capabilities in navigating financial complexity, and strategic acumen will prove instrumental in shaping SNDL's path forward as we seek to build a best-in-class regulat
CALGARY, AB, March 13, 2023 /PRNewswire/ - SunStream Opportunities LP ("SunStream"), an affiliate of SunStream Bancorp Inc., a joint venture sponsored by SNDL Inc. (NASDAQ:SNDL) ("SNDL"), has submitted the entry of a stipulated order (the "Order") by the Circuit Court for the County of Ingham, Michigan (the "Court"), for the appointment of a receiver (the "Receiver") in respect of all of the assets of Green Peak Industries, and certain affiliates, doing business as SKYMINT Brands ("Skymint"). On March 3, 2023, the Honorable Judge Draganchuk appointed Trust Street Advisors, LLC, through its agent, Gene R. Kohut, as Receiver over all of the assets of Skymint. SunStream, through its aff
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Canaccord Genuity resumed coverage of SNDL Inc. with a rating of Speculative Buy
Canaccord Genuity upgraded Sundial Growers from Hold to Speculative Buy and set a new price target of $5.00
BMO Capital Markets upgraded Sundial Growers from Underperform to Market Perform and set a new price target of $0.70 from $0.60 previously
Canaccord Genuity downgraded Sundial Growers from Hold to Sell and set a new price target of $0.65 from $0.40 previously
Cantor Fitzgerald initiated coverage of Sundial Growers with a rating of Neutral and set a new price target of $1.15
BMO Capital Markets resumed coverage of Sundial Growers with a rating of Underperform and set a new price target of $0.40
Cantor Fitzgerald initiated coverage of Sundial Growers with a rating of Neutral
BMO Capital downgraded Sundial Growers from Market Perform to Sector Underperform and set a new price target of $0.40
BMO Capital Markets downgraded Sundial Growers from Market Perform to Underperform
Cantor Fitzgerald initiated coverage of Sundial Growers with a rating of Neutral and set a new price target of $1.15
The Company reports record Gross Margin and material improvements in profitability and Free Cash Flow year-over-year CALGARY, AB, Aug. 1, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") reported its financial and operational results for the second quarter ended June 30, 2024. All financial information in this press release is reported in millions of Canadian dollars unless otherwise indicated. SNDL has also posted a supplemental investor presentation on its website, found at https://sndl.com. The Company will hold a conference call and webcast presentati
CALGARY, AB, July 19, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL") announced today that it will release its second quarter 2024 financial results for the period ended June 30, 2024, before market opens on Friday, August 2, 2024. Following the release of its second quarter results, SNDL will host a conference call and webcast at 10:00 a.m. EDT (8:00 a.m. MDT) on August 2, 2024. WEBCAST ACCESS To access the live webcast of the call, please visit the following link:https://edge.media-server.com/mmc/p/7jsrnxfd ABOUT SNDL INC. SNDL is a public company whose shares are trad
CALGARY, AB, July 5, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or "The Company") today announced that it has completed the acquisition (the "Debt Acquisition") of the principal indebtedness (the "Purchased Indebtedness") of Delta 9 Cannabis Inc. ("Delta 9") from Connect First and Servus Credit Union Ltd. ("CFCU") for a purchase price of CAD $28,138,284 pursuant to a purchase and sale of indebtedness agreement dated July 5, 2024. As a result of the Debt Acquisition, SNDL has become Delta 9's senior secured creditor with a first priority security interest in all of the
The Company reports increased revenue year-over-year and record profit margin CALGARY, AB, May 9, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") reported its financial and operational results for the first quarter ended March 31, 2024. All financial information in this press release is reported in millions of Canadian dollars unless otherwise indicated. SNDL has also posted a supplemental investor presentation on its website, found at https://sndl.com. The Company will hold a conference call and webcast presentation at 10:30 a.m. EDT (8:30 a.m. MDT) on T
CALGARY, AB, April 26, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL") announced today that it will release its first quarter 2024 financial results for the period ended March 31, 2024, before the market opens on May 9, 2024. Following the release of its first quarter results, SNDL will host a conference call and webcast at 10:30 a.m. EDT (8:30 a.m. MDT) on May 9, 2024. WEBCAST ACCESSTo access the live webcast of the call, please visit the following link: https://services.choruscall.ca/links/sndl2024q1.html REPLAYA telephone replay will be available for one month. To acce
The Company reports record net revenue and gross profit in 2023 and achieves positive cash flow in the second half of 2023 CALGARY, AB, March 21, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") reported its financial and operational results for the full year and fourth quarter ended December 31, 2023. All financial information in this press release is reported in millions of Canadian dollars unless otherwise indicated. SNDL has also posted a supplemental investor presentation and shareholder letter on its website, found at https://sndl.com. The Company wi
CALGARY, AB, March 1, 2024 /CNW/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL") announced today that it will release its year end and fourth quarter financial results ended December 31, 2023, before the market opens on March 21, 2024. Following the release of its year end and fourth quarter results, SNDL will host a conference call and webcast at 10 a.m. EDT (8 a.m. MDT) on March 21, 2024. WEBCAST ACCESSTo access the live webcast of the call, please visit the following link:https://services.choruscall.ca/links/sndl2023q4.html REPLAYA telephone replay will be available for one month. To ac
CALGARY, AB, March 1, 2024 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL") announced today that it will release its year end and fourth quarter financial results ended December 31, 2023, before the market opens on March 21, 2024. Following the release of its year end and fourth quarter results, SNDL will host a conference call and webcast at 10 a.m. EDT (8 a.m. MDT) on March 21, 2024. WEBCAST ACCESSTo access the live webcast of the call, please visit the following link:https://services.choruscall.ca/links/sndl2023q4.html REPLAYA telephone replay will be available for one month
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 has also posted a supplemental investor presentation on its website, at https://sndl.com. THIRD QUARTER 2023 FINANCIAL AND OPERATIONAL HIGHLIGHTS Net cash provided by operating activities of $27.5 million in the third quarter of 2023, compared to $8.6 million in the thi
The Company achieves record net revenue and gross margin results since its inception CALGARY, AB, Aug. 14, 2023 /PRNewswire/ - SNDL Inc. (NASDAQ:SNDL) ("SNDL" or the "Company") reported its financial and operational results for the second quarter ended June 30, 2023. All financial information in this press release is reported in millions of Canadian dollars unless otherwise indicated. SNDL has also posted a supplemental investor presentation on its website, which can be found at https://sndl.com. SECOND QUARTER 2023 FINANCIAL AND OPERATIONAL HIGHLIGHTS Net revenue for the seco