SNDL Inc. ( SNDL ) Q3 2025 Earnings Call November 4, 2025 10:00 AM EST Company Participants Zachary George - CEO & Non Independent Director Alberto Paredero-Quiros - Chief Financial Officer Conference Call Participants Aaron Grey - Alliance Global Partners, Research Division Frederico Yokota Gomes - ATB Capital Markets Inc., Research Division Presentation Operator Good morning, and welcome to SNDL's Third Quarter 2025 Financial Results Conference Call. This morning, SNDL issued a press release announcing their financial results for the 2025 third quarter, ended on September 30, 2025.
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| Specialty Retail Industry | Consumer Discretionary Sector | Zachary Ryan George IV CEO | NASDAQ (CM) Exchange | 86730L109 CUSIP |
| CA Country | 2,604 Employees | - Last Dividend | 26 Jul 2022 Last Split | 1 Aug 2019 IPO Date |
SNDL Inc. is a dynamic entity in the Canadian cannabis market, focusing on the cultivation, distribution, and sale of cannabis products for both adult-use and medical purposes. Originally established as Sundial Growers Inc., the company underwent a rebranding to SNDL Inc. in July 2022. Since its incorporation in 2006, SNDL Inc. has diversely expanded its operations across various sectors, including Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. With a strong presence in Calgary, Canada, where it is headquartered, SNDL boasts a comprehensive approach to the cannabis industry, from cultivation to retail, alongside venturing into the liquor market through its wholly-owned outlets. The company's business model is designed to leverage its market presence by catering to a wide array of consumer needs in the recreational and medicinal cannabis markets as well as in the alcoholic beverage sector.
SNDL Inc.'s core offerings include a diverse range of cannabis products designed for adult-use and medical markets. This encompasses the production and supply of high-quality flower, pre-rolls, and vape products. SNDL caters to consumer preferences with various brands such as Top Leaf, Sundial Cannabis, Palmetto, and Grasslands, each with its unique positioning and product range. Through consistent quality and innovation, SNDL aims to meet the evolving demands of cannabis consumers.
In addition to its cannabis-centric operations, SNDL Inc. operates wholly-owned liquor stores under its broad retail umbrella. These outlets offer a curated selection of wines, beers, and spirits, catering to a diverse clientele. The foray into liquor retail allows SNDL to capture a broader market segment, complementing its cannabis retail operations and providing customers with a more comprehensive shopping experience.
The company's retail footprint extends to the sales of recreational cannabis through its wholly owned and franchised retail stores. SNDL Inc.'s strategic retail presence is designed to optimize accessibility and consumer engagement, ensuring that customers have a trusted source for purchasing legal, safe, and high-quality cannabis products. The retail operations also serve as pivotal touchpoints for brand visibility and customer loyalty building.
A significant part of SNDL Inc.'s product lineup includes inhalable cannabis products, such as flower, pre-rolls, and vapes. These products appeal to a wide range of cannabis users, prioritizing quality and convenience. The company leverages advanced cultivation and production methods to ensure the purity and potency of its inhalable offerings, thereby catering to the preferences of both new and experienced cannabis consumers.