Cannabis and liquor products provider SNDL (NASDAQ:SNDL) has seen its top line surge by 1170% for the year 2022 to C$712.2 million.
The jump in revenue came on the back of strength in Liquor Retail, Cannabis Retail, and Cannabis Operations verticals. Additionally, the company generated C$28.6 million from operating activities during Q4, clocking a 233% surge over Q3.
Net loss for the year though, widened to C$372.4 million from C$226.8 million in 2021 primarily due to goodwill impairment charges. Importantly, the company was debt free and had a cash pile of C$207 million as of April 19, 2023.
SNDL shares have declined 30.4% so far this year. At the same time, short interest in the stock remains elevated at about 6.1% at present.
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