Bullboard - Stock Discussion Forum Zenabis Global Inc. T.ZENA

We are a diverse, passionate team of doctors, scientists, researchers, growers, educators, and advocates who came together with the goal of increasing access to safe, high quality cannabis for medical patients and recreational consumers. Our four facilities are located coast-to-coast across Canada in Delta and Langley, British Columbia; Atholville, New Brunswick; and Stellarton, Nova Scotia... see more

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Zenabis Global Inc. > Sundial Q1 net loss widens

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Post by Jimmy713 on May 12, 2021 5:22am

Sundial Q1 net loss widens

The COVID-19 pandemic had a significant impact on Q1 results for Sundial Growers (SNDL) as the company saw a major decline in both revenue and cannabis sold.Net loss widened 254% to C$134.4M due to C$130M of non-cash amounts reflecting the impact of share price volatility on accounting valuation of derivative warrants.Revenue declined 29% year-over-year to C$9.9M and Sundial sold 3,989 kilogram equivalents of cannabis a 45% decrease from Q1 2020.

Jimmy say: Issue anothet 1.34 Billion shares to keep going ... Good call mypuppy

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Comment by mydogchach on May 12, 2021 9:05am

Jimmy713 - (5/12/2021 5:22:49 AM) Sundial Q1 net loss widens The COVID-19 pandemic had a significant impact on Q1 results for Sundial Growers (SNDL) as the company saw a major decline in both revenue and cannabis sold.Net loss widened 254% to C$134.4M due to C$130M of non-cash amounts reflecting the impact of share price volatility on accounting valuation of derivative warrants ...more

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