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Wednesday, August 14, 2019

=Sundial Growers (SNDL) reported earnings on Wed 14 Aug 2019 (b/o)



Sundial Growers reports Q2 results -- gross revs +1000% qtr/qtr to CC$20.3 mln, net loss improved from CC$16.7 mln to CC$12.4 mln sequentially (no estimates)

  • The Company's production and sales ramped up exponentially with added growing capacity and rapidly improving harvest yields.
  • 9,551 kilograms of cannabis were harvested from 94 crops during the second quarter of 2019, compared to 1,896 kilograms from 30 crops during the first quarter.
  • 4,741 kilograms of cannabis were sold during the second quarter, a 14-fold increase from the first quarter of 2019.
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