The latest earnings report follows two major deals that the Calgary, Alberta-based company either announced or wrapped up.
In July, Sundial acquired Inner Spirit Holdings, known for its national network of Spiritleaf retail stores, only to reveal that it is also purchasing Canadian liquor retailer Alcanna Inc. for roughly $346 million.
Zach George, Sundial's CEO, says the company’s “financial condition has never been stronger."
“We expect that the achievement of our objectives will result in an aggregate base business that generates free cash flow in 2022," he added.
The company’s stock traded 8.9763% lower at 0.8376 per share at the time of writing Monday.
In his latest note published on Monday, Cantor Fitzgerald’s Pablo Zuanic reintroduced a 12-month price target for Sundial Growers’s …