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Benzinga
Benzinga
Business
Vuk Zdinjak

BIZARRE: Why is sndl trading higher today - What They Never Told You

SNDL Nasdaq SNDL Inc Valens

SNDL Inc. (NASDAQ:SNDL) shares are trading 8.85% higher at $2.83 per share during Monday’s pre-market session. The company released its financial results for the third quarter this morning, revealing record net revenue of CA$230.5 million ($173.3 million), compared to CA$223.7 million in the second quarter of 2022 and CA$14.4 million in the third quarter of 2021, representing a 3% increase sequentially and 1,501% increase year-over-year. The results for the third quarter of 2021 do not include the subsequent acquisition of Alcanna Inc., which closed on March 31, 2022.

Q3 2022 Financial Highlights

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