Sndl Inc. (SNDL) has released an update.
SNDL Inc. has announced a significant financial upturn for 2023, with a 28% increase in net revenue to $909.0 million and a 36% boost in gross profit, achieving record figures. The company also reported a substantial improvement in cash flow, with positive free cash flow in the second half of the year and a 53% reduction in operating income loss, indicating a strong financial recovery and operational efficiency. These milestones reflect SNDL’s strategic optimizations, including the acquisition of The Valens Company and restructuring efforts, which set the stage for continued growth in 2024.
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