Sundial Growers

SNDL reported Q2 revenue of C$235.8 million, down 3.7% year over year, and gross profit declined 16.6% to C$56.3 million as liquor and cannabis demand softened and production ramp-up costs for Jeeter weighed on margins. The company recorded an operating loss, but generated positive operating cash flow trends, held C$183.2 million of unrestricted cash with no debt, and repurchased 11.7 million shares for C$23.3 million. Management expects profit initiatives to deliver over C$20 million of incremental operating income and forecasts full-year positive free cash flow. SNDL also advanced a restructuring to gain direct control of Parallel's medical cannabis operations in Florida, Texas and Massachusetts, potentially adding 56 stores and about C$150 million of annualized revenue pending approvals. » Plus sur finance.yahoo.com

SNDL has completed the purchase of certain assets from Surterra Holdings/Parallel and, through its joint venture Sunstream Bancorp, acquired an indirect majority economic interest in TransactionCo (66.7% equity, 69.4% of the debt). The acquisition includes 56 retail locations and three cultivation and production facilities in Florida, Texas and Massachusetts with annualized revenue of about $150 million; Parallel’s liabilities of roughly $842 million were extinguished. SNDL plans, subject to legal, regulatory, accounting and NASDAQ requirements, to convert the indirect interest into direct, consolidated holdings, but expects that adult‑use assets could remain partially deconsolidated. The transaction has no immediate impact on SNDL’s financial reporting, other than the acquisition of a loan position with a face value of $29.75 million purchased at a 25% discount. » Plus sur de.investing.com

SNDL announced that the second closing for the purchase of 27 cannabis specialty stores in Ontario from 1CM will not occur because regulatory approvals were delayed and not received before the May 31, 2026 deadline. The previously completed acquisition of five stores in Alberta and Saskatchewan remains unaffected. SNDL plans to redirect the capital intended for Ontario into its share buyback program; the program permits repurchases of up to USD 100 million, and to date over 5.5 million shares have been repurchased for about USD 11.1 million. Management stresses the strength of the retail platform, and financial metrics show high liquidity (current ratio 4.84) as well as an expected return to profitability this year. » Plus sur de.investing.com