Cannabis companies have been facing severe headwinds, struggling to generate stable revenues and improve their bottom line. Canadian cannabis producer SNDL Inc. (SNDL) dealt with these issues through strategic acquisitions and diversifying into the retail liquor business, which helped maintain steady top-line growth. Moreover, earlier this year, SNDL announced that it could become a majority owner of one or more multi-state operators (MSO) in the United States in 2023.
While the company’s plans to invest in MSOs raise optimism, the competitive landscape and regulatory challenges could pose major headwinds. Also, the company’s still unprofitable status is a cause for concern.
