SNDL falls after downbeat Q1 revenue

SNDL

09/05/2024 11:45

** Shares of Canadian pot firm SNDL  SNDL.O  down 4.1% at
$2.36 premarket 
    ** Co's Q1 rev rises 4% to C$197.8 mln but misses estimate
of C$209.3 mln - LSEG
    ** Says its liquor revenue remained flat due to seasonal
lower spend 
    ** Reports operating loss of C$4.4 mln vs C$32.2 mln loss,
last year 
    ** However, its retail cannabis operating loss widens to
C$1.04 mln vs C$78,000 last year 
    ** Up to last close, stock is up 50% YTD

 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))