SNDL reported improved revenues, profit, and free cash flow for Q3-2024. The company's stock is up 30% over the last year. Investor sentiment on the cannabis sector remains weak Cannabis.
SNDL, Inc. (NASDAQ:SNDL ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Zachary George - CEO Alberto Paredero - CFO Conference Call Participants Frederico Gomes - ATB Capital Markets Yewon Kang - Canaccord Genuity Operator Good morning, and welcome to SNDL's Third Quarter 2024 Financial Results Conference Call. This morning, SNDL issued a press release announcing their financial results for the 2024 third quarter ended on September 30, 2024.
SNDL's balance sheet is the envy of its peers in the marijuana industry. The company is also approaching a major operational milestone.
SNDL has a good chance of becoming profitable relatively soon. It also has good growth prospects that don't cost much to pursue.
SNDL reported improved Q2 2024 financial results, with record gross margins. The company is well-positioned for entry into the US cannabis markets and international exports. Despite financial improvements, SNDL remains undervalued compared to peers, with potential for long-term growth.
Many investors scoff at marijuana stocks. There won't always be as much to scoff at as there is today.
SNDL is now a power player in the Canadian marijuana market. It has plenty of resources to invest in the U.S., too.
Most marijuana stock investors are keeping focused on the future of the sector. Also, some have adapted to the volatile trading and consistent variables that impact trading. So for instance when a company reports bad news it lets people know there could be a possible decline in trading. But when news is reported in a positive light depending on how important it can have adverse effects on most marijuana stocks. That is why many have had to learn how to find ways to invest in a volatile sector.
SNDL has multiple segments that are doing well right now. Its cannabis investing division could see an influx of demand soon.
Management is keen to realize more operational efficiencies. It's also positioning itself to invest in the U.S. cannabis industry.
Canopy Growth has been bullish on marijuana legalization for years, and it recently got the OK to move ahead with Canopy USA. Tilray Brands has been expanding into the U.S. via alcohol brands and businesses.
SNDL Inc. (NASDAQ:SNDL ) KCSA Cannabis Virtual Investor Conference Call June 5, 2024 10:30 AM ET Company Participants Phil Carlson - KCSA Strategic Communications Zachary George - Chief Executive Officer Conference Call Participants Frederico Gomes - Vice President of Institutional Research, ATB Capital Markets Phil Carlson Hello and welcome to Virtual Investor Conferences. My name is Phil Carlson and on behalf of KCSA Strategic Communications as well as our co-host OTC Markets Group, we're very pleased you have joined us for a fireside chat with SNDL, the largest private sector liquor and cannabis retailer in Canada as well as a licensed cannabis producer in one of the largest vertically integrated cannabis companies in Canada.