Sndl Inc. (SNDL) has released an update.
SNDL Inc. has announced a positive shift in its financial landscape, with a 4% year-over-year increase in first-quarter 2024 net revenue reaching $197.8 million and a significant gross margin improvement to a record 25%. These results reflect the success of SNDL’s strategic operational enhancements, such as the closure of an underperforming facility, and their data sales program. Additionally, the company has shown a strong commitment to expanding its retail network and product distribution, aiming for a year of positive free cash flow.
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