SNDL Inc. (SNDL) Expands North American Reach with $32.2M Cannabis Retail Acquisition

We recently compiled a list of the 12 Cheap Pot Stocks to Buy According to Hedge Funds. SNDL Inc. stands third on our list.

SNDL Inc. (NASDAQ:SNDL) stands as one of Canada’s largest vertically integrated cannabis companies and the biggest private-sector liquor and cannabis retailer in the country. Its extensive portfolio includes retail banners like Ace Liquor, Wine and Beyond, Value Buds, and Spiritleaf, alongside cannabis brands such as Top Leaf, Contraband, and Palmetto. The company is steadily expanding its footprint across North America through strategic acquisitions and partnerships.

Recent developments reflect SNDL Inc. (NASDAQ:SNDL)’s push toward retail growth and technological innovation. It acquired 32 cannabis retail stores from 1CM for $32.2 million, boosting its market share and consumer reach. To further strengthen customer engagement, the corporation launched its Rise Rewards loyalty program across its retail operations. Additionally, the business appointed Phil McBride as Chief Information Officer and Navroop Sandhawalia as President of the Liquor Division. These leadership changes aim to drive digital transformation, AI integration, and operational efficiency.

SNDL Inc. (SNDL) Expands North American Reach with $32.2M Cannabis Retail Acquisition

A cannabis industry professional using software as a service-based tools to streamline operations.

SNDL Inc. (NASDAQ:SNDL) also began trading on the Canadian Securities Exchange (CSE) under the symbol “SNDL” as of April 11, 2025, broadening its investor base.

While we acknowledge the risk and potential of SNDL as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNDL and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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