Canada-based medical and adult-use cannabis producer SNDL Inc. (SNDL) has been struggling to grow and make profits. While SNDL has made several acquisitions to support its growth, in this piece, I will discuss why the stock is still not worth buying now.
The company’s acquisition of Alcanna Inc. (CLIQ) last year helped it become a major private-sector liquor retailer in Canada. In addition, the company began this year by acquiring a cannabis extraction company, The Valens Company Inc. (VLNS), which is expected to bolster its position in the Canadian cannabis market.
