SNDL 1Q Loss Widens

Dow Jones

May 01

By Adriano Marchese

SNDL was hit with restructuring charges and negative portfolio evaluations in the first quarter, dragging loss deeper.

The Edmonton, Alberta, liquor-and-cannabis company on Thursday posted a widened net loss of 14.7 million Canadian dollars ($10.7 million), compared with a loss of C$4.65 million a year earlier.

In the quarter, the SNDL's loss was weighed further by a negative evaluation of C$4.5 million from the SunStream portfolio, its cannabis-investment arm, and restructuring charges of C$3 million. A year earlier, the company benefited from a favorable valuation adjustment to the portfolio.

Net revenue rose 3.6% to C$204.9 million, thanks to growth of nearly 17% in its combined cannabis business. Revenue from liquor retail, its largest segment, fell 5.7% to C$109.5 million.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

May 01, 2025 07:43 ET (11:43 GMT)

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A year earlier, the company benefited from a favorable valuation adjustment to the portfolio. \n\n\n  Net revenue rose 3.6% to C$204.9 million, thanks to growth of nearly 17% in its combined cannabis business. Revenue from liquor retail, its largest segment, fell 5.7% to C$109.5 million. \n\n\n \n\n\n  Write to Adriano Marchese at adriano.marchese@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 01, 2025 07:43 ET (11:43 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-2","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}