Market-Beating SNDL Inc. (SNDL) Attracts Stake Boost From Goldman Sachs

SNDL Inc. (NASDAQ:SNDL) is among the hidden penny stocks to buy now. According to a recent disclosure with the SEC, Goldman Sachs Group Inc. has raised its position in SNDL Inc. (NASDAQ:SNDL) by 17.1% in the first quarter. After the purchase of 62,004 shares, the global investment bank now owns 424,317 shares of the company’s stock, translating to an investment of $598,000.

The company’s year-to-date return has been nothing short of commendable. While the market delivered a return of 12.96%, SNDL Inc. (NASDAQ:SNDL) returned an impressive 30.17%, over double the market’s average. What investors like most about the company is the quantity of assets that it holds to support its business strategy.

Is SNDL Inc. (SNDL) the Best Alcohol Stock to Buy According to Billionaires?

The company is well-positioned to receive additional revenues from new cannabis retail store openings over the next quarter. To say the least, SNDL Inc. (NASDAQ:SNDL) is succeeding in international expansion, particularly in the U.K. and Continental Europe. As stated by the CEO, Zachary Ryan George,

This robust performance gives us the confidence to continue investing in our business and people, affirming that we are on the path to delivering sustainable long-term value to our shareholders.

SNDL Inc. (NASDAQ:SNDL) is a Canadian company that develops, distributes, and markets cannabis products for the adult-use market. Incorporated in 2006, the company operates through four segments: Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments.

While we acknowledge the potential of SNDL to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SNDL and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.