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Sundial Growers Q1 Loss Widens, Revenue Declines

05/12/2021 00:26

04:16 AM EDT, 05/12/2021 (MT Newswires) -- Sundial Growers (SNDL) reported a Q1 net loss Tuesday of 134.4 million Canadian dollars ($111.2 million), compared with a loss of C$37.9 million a year ago.

Revenue totaled C$11.7 million in the recent quarter, down 29% from last year.

As of March 31, the cannabis company had C$969.5 million in unrestricted cash, marketable securities and long-term investments.

Analyst estimates were not immediately available for comparison.

Shares of the company were up more than 4% ahead of Wednesday's market open.

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