SNDL Inc. (SNDL) Stock Drops Over 5% Amidst Industry Downturn

Dec 16, 2024

SNDL Inc. (SNDL, Financial) experienced a significant stock drop of 5.06%, with shares priced at $1.69 and a trading volume of 2.46 million shares. The company's recent financial report reveals a revenue of $174 million, a net loss of $14.17 million, and earnings per share of -$0.05. The price-to-earnings ratio stands at -5.44. No institutional ratings have been provided for SNDL.

Within the distillery and brewery sector, the overall decline was 0.29%. Notable performers include Eastside Distilling, Innovation Beverage Group, and Splash Beverage Group. SNDL Inc., a Canadian alcohol and cannabis retailer, operates brands like Ace Liquor and Wine and Beyond, focusing primarily on alcohol retail.

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I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.

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