Creator/Writer of Union Cannabis Blog, learn more about SNDL and cannabis from a fan's perspective at my blog! I'm open to making connections, particularly in the cannabis and journalism areas. Reach out if I can help!
SNDL Inc. CEO Zachary George recently had a very informative long-form Q&A session with Pablo Zuanic. I strongly suggest anyone who's new to SNDL check it out (Perhaps new people from Skymint Cannabis, Parallel, Surterra Wellness, NETA (New England Treatment Access, LLC), or GoodBlend wanting to learn more). I've done my best to type up a transcript of the Q&A, because the audio version on Twitter/X may not be available long-term, many people aren't able to access that recording because they don't have an account there, and the closed captions are almost never accurate there or on Youtube, unfortunately. This should make it easier for anyone who wants to read along or who finds it easier to share quotes without having to type them yourself, as well as provide a searchable place for quick reference. https://lnkd.in/gSUiBzwg Here's a taste of some of the informative quotes: "It's a great point. You know, we've repeatedly made sure that our quarterly press releases include mention that we have not raised cash through equity offerings since July of 2021. You know, we believe in earning the right to take risk. We believe that the disciplined deployment of capital is one of the best ways that we can earn the trust of our investors in the marketplace. And, so, we are really focused on intelligent and disciplined, you know, deployment of our existing cash balances and we are also expecting that capital base - or that unrestricted cash - to actually grow with some of the credit exposure we have amortizing or being monetized back to us, you know, over the next 12-24 months." "Absolutely, and look, just as a preface here, we're commercial partners with most of the top operators both upstream and downstream in Canada. So, those commercial relationships are really critical to us, whether it's on a B2B basis, or whether we are distributors of their brands and products. So, I don't want to overstate this, or sort of spike the football, but I would ask the question: When you look across the landscape and you look at some of the acquisitions that have occurred in the space, you know, who has more to show for their M&A activity at the end of the day? And, I think, when you look at the last three years for us where, clearly, most of our revenue growth, which, as of year-end, you know, our compounded annual growth rate of revenue was over 120%. That has come largely through acquisitions, but this isn't a case where we acquired market share which then collapsed on us, so to speak. These are real operating businesses. Clearly, in Canada right now, retail is a great place to be. It's garnering superior economics relative to where upstream operators are sitting." Thank you to everyone who checks it out! #MSOS #Florida #Michigan #medical #cannabis #cannabisindustry