9 High Growth Canadian Stocks to Buy

2. SNDL Inc. (NASDAQ:SNDL)

5-year Revenue Growth: 69.58%

Number of Hedge Fund Holders: 14

SNDL Inc. (NASDAQ:SNDL) is among the high-growth Canadian stocks to buy. The company operates in the Canadian adult-use cannabis market through a diversified business model that includes Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments. SNDL is also involved in the production, distribution, and sale of cannabis products, giving it exposure to multiple parts of the value chain. This diversified structure allows SNDL to balance performance across segments while navigating changing consumer demand and regulatory conditions.

On January 8, SNDL Inc. (NASDAQ:SNDL) completed the acquisition of five 1CM cannabis retail locations in Alberta and Saskatchewan, marking the first closing under its amended agreement with 1CM Inc. This initial step comes ahead of the planned addition of 27 Ontario-based stores, which remain subject to regulatory approvals and are expected to be finalized in subsequent closings. This acquisition is expected to further strengthen SNDL’s position in Canadian cannabis retail while supporting its long-term growth strategy.

In a strategic move to expand its retail footprint, SNDL announced on December 15, 2025, an amended agreement with 1CM Inc. to acquire 32 cannabis retail stores. The revised structure preserves the total cash consideration of $32.2 million but divides the transaction into two separate closings to align with regulatory approval requirements.

During the third quarter of 2025, SNDL Inc. (NASDAQ:SNDL) delivered a record quarterly free cash flow of $16.7 million and generated a positive cumulative free cash flow of $7.7 million over the first nine months of the year. Net revenue rose 3.1% year over year to $244 million, supported by strength in the Cannabis segment, which offset ongoing challenges within the Liquor Retail business. These results highlight the company’s improving cash generation and resilience despite broader market headwinds.