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SNDL Inc SNDL

SNDL Inc. is a Canada-based private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. The Company is a licensed cannabis producer and a vertically integrated cannabis companies in Canada specializing in low-cost biomass sourcing, premium indoor cultivation, product innovation, low-cost manufacturing facilities, and a cannabis brand portfolio that includes Top Leaf, Contraband, Palmetto, Bon Jak, Versus, Value Buds, and Vacay. Its segments include Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. Liquor retail includes the sale of wines, beers and spirits through owned liquor stores. Cannabis retail includes the private sale of adult-use cannabis through owned and franchise retail cannabis stores. Cannabis operations include the cultivation, distribution and sale of cannabis for the adult-use and medical markets domestically and for export.


NDAQ:SNDL - Post by User

Bullboard Posts
Post by DanielDarden123on May 15, 2020 4:14pm
231 Views
Post# 31035770

Get Real

Get Real
Adjusted EBITDA from cannabis operations was a loss of $11.3 million for the three months ended March 31, 2020 compared to a loss of $5.5 million for the three months ended March 31, 2019. The increase loss was due to the following:
       
Increase in cost of sales due to an increase in kilogram equivalents sold
Increase in general and administrative expenses due to increases in salary and wages, office and general and professional fees
Increase in sales and marketing expense due to general marketing expenses

Translation: The more kgs sold = The greater the loss. Hardly a winning model and material uncertainty!

Bullboard Posts