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Benzinga
Benzinga
Business
Nina Zdinjak

Reddit's Favorite Weed Stock SNDL Posts Staggering Revenue Growth, But Cantor Lowers Price Target

SNDL Pablo Zuanic SNDL Inc Benzinga Cannabis Capital Conference Nasdaq Sundial

SNDL Inc. (NASDAQ:SNDL) released its financial and operational results Monday for the second quarter ended June 30, 2022, revealing record net revenue of CA$223.7 million ($173.3 million), compared to CA$9.2 million in the second quarter of 2021, representing a 2,344% increase. 

Net loss was of CA$74.0 million for the second quarter of 2022, compared to a net loss of CA$52.3 million in the second quarter of 2021, a 41% increase.

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