SNDL: Revenue and margins declined, but cash flow improved and U.S. expansion is underway
Net revenue declined 3.7% year-over-year to CAD 235.8 million, with gross profit and margins also down due to market headwinds in both liquor and cannabis. Free cash flow improved, and strategic milestones included accelerated share repurchases and the Parallel restructuring, positioning for U.S. e…