Record Net Revenue and Growth
SNDL reported record full-year net revenue of $920 million, representing a 1.3% growth year-over-year, driven by a 10.6% growth in the cannabis business.
Positive Free Cash Flow
SNDL achieved positive free cash flow for the first time, reporting $8.9 million for the full year 2024, exceeding their guidance and marking a $70 million improvement compared to 2023.
Cannabis Segment Performance
The cannabis operations segment saw a significant transformation with net revenue growth rates of 42% in Q4 and 26% for the full year, reaching $109.5 million.
Strategic Acquisitions and Growth Initiatives
SNDL completed the acquisition of Indiva and announced the acquisition of the remaining minority equity interest in Nova, positioning SNDL as the largest manufacturer of infused edibles in Canada.
Strong Balance Sheet
SNDL ended the year with $218 million in unrestricted cash and zero outstanding debt, highlighting their financial stability.