Sndl Inc. (SNDL) has released an update.
SNDL Inc. has announced a prosperous year, with a 28% increase in revenue to $909 million and a 36% rise in gross profit in 2023, marking a record performance. The company also achieved positive cash flow in the second half of the year and has improved its operational efficiency by closing the Olds facility and acquiring Valens, setting a strong foundation for future growth. With no debt and $766.7 million in liquid assets, SNDL is positioning itself for sustained success in the cannabis market.
For further insights into SNDL stock, check out TipRanks’ Stock Analysis page.
