SNDL - SNDL Stock Is Up 35% This Year. Here's Why It'll Go Higher.
2024-06-08 10:08:00 ET
As shareholders already know, SNDL (NASDAQ: SNDL) stock is having a great year, as it's up by 35% through the first five months of 2024. The Canadian alcohol and cannabis business is finally picking up steam after spending many quarters on improving its operational efficiency and slimming down its operation.
And there's a good chance the stock is just getting started.
SNDL isn't currently profitable. But thanks to facility closures and a cost-cutting drive, its quarterly gross margin has increased significantly over the last three years, reaching more than 25% in the first quarter.
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SNDL Stock Is Up 35% This Year. Here's Why It'll Go Higher.