2023-11-22 07:50:00 ET
SNDL (NASDAQ: SNDL) has been transforming its business in recent years. It has gone from being solely a marijuana producer to also running pot shops and even getting into the alcohol business. As a result of those moves, revenue has been soaring, and the company's bottom line has also improved. Most recently, the company also hit a significant milestone, by reporting positive free cash flow.
It's a huge accomplishment in an industry where many companies normally burn cash. But SNDL isn't without its risks, and there are still challenges ahead. Has the stock become a better buy after its latest quarter, and is it worth investing in today, or should investors remain cautious on SNDL?
Last week, SNDL reported its third-quarter results. The big highlight for SNDL was that it posted positive free cash flow totaling 16.5 million Canadian dollars ($12 million). That was a huge turnaround from the negative CA$67.1 million in free cash it reported a year ago.
For further details see:
Is SNDL Stock a Buy After Hitting This Significant Milestone?