Is SNDL Stock a Buy After Hitting This Significant Milestone?

Wednesday, 22 November 2023, 13:50:00
Has SNDL become a safer investment to hold in your portfolio?
— The Motley Fool

The Daily Hit: November 20, 2023

Tuesday, 21 November 2023, 00:13:05
The Daily Hit is a recap of the top financial news stories for Nov. 20, 2023. On the Site 4Front Revenue Slips as Legal Woes Mount 4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) reported pro forma revenue from continuing operations for the third quarter of $28 million versus $31.38 million for the second quarter. The company attributed the revenue decrease to lower pricing coupled with transitory pressures from competitors liquidating inventory before leaving the market. Read more here. SNDL, Nova Cannabis Scrap Planned Merger, Maintain Ties SNDL (Nasdaq: SNDL) and Nova Cannabis Inc. (OTC: NVACF) announced they have mutually agreed to terminate their strategic partnership agreement, ending a year-long quest to fuse the Canadian operators. Read more here. Ohio Cannabis Companies Anxiously Await Clarity on Adult-Use Regulations With the Ohio state legislature considering edits to the adult-use law approved by voters and an unclear outlook for how program rules may be shaped by regulators, industry stakeholders are grappling with a host of uncertainties that could impact them and the nascent rec market as a whole.
— Green Market Report

SNDL, Nova abandon strategic partnership

Monday, 20 November 2023, 19:23:03
Canadian cannabis operators SNDL (SNDL) and Nova Cannabis (NVACF)have terminated their strategic partnership amid regulatory hurdles. Read more here.
— Seeking Alpha

Cannabis Retail Collab Off Table After Year-Long Negotiations

Monday, 20 November 2023, 15:12:13
SNDL Inc. (NASDAQ: SNDL ) and Nova Cannabis Inc . (TSX: NOVC) announced a mutual decision to terminate the implementation agreement dated December 20, 2022, related to their previously announced strategic partnership. Simultaneously, the two companies reaffirmed a strong commitment to their ongoing partnership under the management and administrative services agreement. “We are dedicated to building a consumer-centric, regulated products business model within a complex regulatory environment,” said Zach George , CEO of SNDL. “The synergy between our companies has already demonstrated great results, and combined efforts and shared vision are key drivers in this journey towards market leadership.” In connection with the termination of the agreement, SNDL and Nova have extended the maturity … Full story available on Benzinga.com
— Benzinga

SNDL Inc. Reports Better Financial Performance For Q3 Yet Remains Undervalued

Saturday, 18 November 2023, 08:04:56
SNDL Inc. showed improvement in Q3-2023 with higher revenues, higher margins, decreased net loss, and positive free cash flow. Read why SNDL stock is a hold.
— Seeking Alpha