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SNDL Inc. posts Q2 2026 loss amid revenue drop and Parallel acquisition
SNDL Inc. announced its second‑quarter 2026 financial results on July 28, 2026. Net revenue was $235.8 million, a 3.7 % decline year‑over‑year, with gross profit of $56.3 million and a gross margin of 23.9 %. The company posted an operating loss of $7.8 million and a net loss of $0.02 per share. Cash flow was negative $30.2 million, and free cash flow was a negative $6.7 million, partly due to $23.5 million of share repurchases.
The report also highlighted the completion of an acquisition of Parallel’s assets, adding 56 retail locations and three cultivation/manufacturing facilities in Florida, Texas and Massachusetts. The assets are expected to generate roughly US$150 million in annual revenue and extinguished about US$842 million of Parallel’s debt, improving SNDL’s capital structure. A conference call and webcast were held at 10:00 a.m. EDT on the day of the release, with CEO Zachary George and CFO Alberto Paredero presenting the results.
Entities
Alberta · Florida · Parallel · SNDL Inc. · Zachary George
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] SNDL's gross profit for the quarter was $56.3 million, with a gross margin of 23.9 %. www.globenewswire.com
- [○ 1 SOURCE] SNDL completed acquisition of Parallel assets adding 56 retail locations and three cultivation/manufacturing facilities in Florida, Texas and Massachusetts, generating about US$150 million annualised, www.marketbeat.com
- [○ 1 SOURCE] SNDL posted an operating loss of $7.8 million in Q2 2026. www.globenewswire.com
- [○ 1 SOURCE] SNDL's revenue was $165.94 million, slightly below the $166.26 million consensus estimate. www.marketbeat.com
- [○ 1 SOURCE] SNDL's cash flow was negative $30.2 million and free cash flow negative $6.7 million. www.globenewswire.com
- [○ 1 SOURCE] SNDL reported net revenue of $235.8 million for Q2 2026. www.globenewswire.com
- [○ 1 SOURCE] SNDL reported earnings per share loss of $0.02 for the quarter. www.marketbeat.com
- [○ 1 SOURCE] The Parallel transaction extinguished approximately US$842 million of Parallel's debt obligations. www.marketbeat.com