Earnings ·
SNDL Inc. reported a net loss of $17.7 million for the six months ended June 30, 2026, compared to a net loss of $11.8…
SNDLSNDL Inc.
SNDL Inc. reported a net loss of $17.7 million for the six months ended June 30, 2026, compared to a net loss of $11.8 million in the prior year period. Net revenue declined 4% to $431.7 million, driven by a 17% drop in gross profit to $109.2 million. The company completed the restructuring of Surterra Holdings, Inc. (Parallel), gaining indirect majority economic exposure to its medical cannabis operations in Florida, Texas, and Massachusetts. Additionally, the second closing of the $32.2 million acquisition of 27 cannabis retail stores from 1CM Inc. was cancelled due to regulatory delays, resulting in a $0.25 million termination fee. During the quarter, SNDL repurchased and cancelled 11.7 million common shares for $23.5 million. The company operates in the cannabis and liquor retail industry, cultivating, manufacturing, and distributing cannabis products while operating retail stores across Canada.