1. SNDL reports record gross margins and positive cash flow for Q1 2025. 2. Acquisition of 32 cannabis stores from 1CM Inc. for $32.2 million announced. 3. Rise Rewards loyalty program launched to enhance customer engagement. 4. Formal strategic review initiated for U.S. market exposure and listing status. 5. SNDL's unrestricted cash increased to $220.9 million by March 31, 2025.
SNDL's financial growth signals strong operational execution, potentially boosting investor confidence. The successful launch of a loyalty program and strategic expansion indicate future profitability.
The article highlights significant financial improvements and strategic initiatives, indicating potential for SNDL's stock appreciation as it adapts to market conditions.
Strategic reviews and expansion plans may yield results over the long term, aligning with market growth in cannabis. Historical examples show companies that adapt to market demands often experience sustained growth.
EDMONTON, AB, May 1, 2025 /PRNewswire/ - SNDL Inc. (NASDAQ: SNDL) (CSE: SNDL) ("SNDL" or the "Company") reported its financial and operational results for the first quarter ended March 31, 2025. 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 10:00 a.m. EDT (8:00 a.m. MDT) on Thursday, May 1, 2025. The conference call details can be found below.
"In the first quarter of 2025, we saw robust growth in our Cannabis segments and record aggregate Gross Margin. Our improvements in Free Cash Flow generation helped us nearly break even despite seasonal impacts and our unrestricted cash balances increased versus year end." said Zach George, Chief Executive Officer of SNDL.
"During the first quarter of 2025, we advanced several strategic initiatives to drive long-term value creation and strengthen our platform:
Our track record of operational execution, diversified asset base, and strong balance sheet - including $220.9 million of unrestricted cash as of March 31, 2025 - gives us with the flexibility to pursue both organic and inorganic opportunities with compelling returns. This review supports our long-term goal of establishing SNDL as a global cannabis leader and delivering sustainable shareholder value." concluded Zach George.
Three months ended March 31
| IFRS Financial Measures | 2025 | 2024 | % Change |
|---|---|---|---|
| Net revenue | 204,914 | 197,750 | 3.6 % |
| Gross profit | 56,641 | 50,400 | 12.4 % |
| Operating loss | (12,053) | (4,377) | -175.4 % |
| Change in cash and cash equivalents | 2,508 | (6,087) | 141 % |
SNDL operates and reports its business through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. Additionally, a consolidated total for Cannabis is presented, encompassing the combined results of the two Cannabis segments, along with the revenue elimination associated with the Cannabis Operations sales to the provincial boards that are expected to be subsequently repurchased by the Company's licensed retail subsidiaries for resale. Corporate and Shared Service expenses are reported as "Corporate".
| Three months ended March 31 | Net Revenue | 2025 | 2024 | % Change |
|---|---|---|---|---|
| Liquor Retail | 109,472 | 116,054 | -5.7 % | |
| Cannabis Retail | 77,540 | 71,306 | 8.7 % | |
| Cannabis Operations | 34,319 | 22,395 | 53.2 % | |
| Intersegment Eliminations | (16,417) | (12,005) | -36.8 % |
The Company will hold a conference call and webcast presentation at 10:00 a.m. EDT (8:00 a.m. MDT) on Thursday, May 1, 2025.
WEBCAST ACCESS: To access the live webcast of the call, please visit the following link: https://edge.media-server.com/mmc/p/4ikuz377
REPLAY: A replay of the webcast will be available at https://sndl.com/financials/quarterly-results/default.aspx
SNDL Inc. (NASDAQ: SNDL, CSE: SNDL), through its wholly owned subsidiaries, is one of the largest vertically integrated cannabis companies and the largest private-sector liquor and cannabis retailer in Canada, with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. With products available in licensed cannabis retail locations nationally, SNDL's consumer-facing cannabis brands include Top Leaf, Contraband, Palmetto, Bon Jak, La Plogue, Versus, Value Buds, Grasslands, Vacay, Pearls by Grön, No Future, and Bhang Chocolate. SNDL's investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the North American cannabis industry. For more information, please visit www.sndl.com
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"), including, but not limited to, statements regarding the Company's operational goals and plans, the anticipated impact of the Company's strategic steps on long-term success and shareholder value...
For a detailed and complete version of the content, please refer to the Company’s filings.