SNDL up after Q3 results, announces share buyback

SNDL

13/11/2023 14:16

** Shares of cannabis retailer SNDL  SNDL.O  up 2.80% to
$1.47 premarket
     ** Co's net loss for Q3 narrows to C$21.8 mln from a loss
of C$98 mln last year
    ** SNDL reports positive quarterly free cash flow of C$16.5
mln vs. negative C$67.1 mln a year ago 
    ** Q3 net rev rises 3.1% to C$237.6 mln from C$230.5 mln YOY
    ** SNDL announces renewal of share buyback program till
November 2024 after the current program expires on Nov 20
    ** Share buyback of up to C$100 mln authorized, with an
upper repurchase limit of 13.1 mln shares
    ** Up to last close, stock is down 31.58% YTD
    
    $1 = C$1.38

 (Reporting by Kabir Dweit)
 ((Kabir.Dweit@thomsonreuters.com))