SNDL Sundial Growers Inc. Common Shares
XNAS
1.30
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
SNDL
$1.30
—
Key stats
$1.30
- 52-Week Range
- $1.13 – $2.34
- YTD
- -25.00%
- IV Rank (30D)
- 15.82
- Straddle Price
- $0.23
- P/C Vol Ratio
- 0.29
- Market Cap
- $0.3B
- Open
- $1.28
- Day Range
- $1.27 – $1.31
- Volume
- 420,407
- Prev Close
- $1.28
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 1.13 |
| Cost of Equity (CAPM) | 11.36% (VRP-adj) |
| WACC | 11.39% |
| Volatility Risk Premium | +169.4pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 21.0% |
| Rev. Growth (YoY, DCF input) | +3.0% |
| DCF Horizon | 5 years explicit + fade |
| Forward Tilt (NTM/TTM) | ×1.03 (applied to P/E, EV/EBITDA, P/S) |
| Debt / Equity | 0.00 |
| Quality Score | 1/6 — cyclical/struggling (5y DCF) |
| SMA 50 | $1.32 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $1.26 |
| Bollinger Width / SMA20 | 1817.2% (drives anchor stability) |
| Net Debt | $-0.2B |
Peers used for multiples: ACB, CGC, CNBS, CRON, GLAS, OGI, TLRY, TRLV
60-Day Conviction
54%
20-Day Fair Value
≈ by Nov 20, 2026
$1.31
α +0.3%
rank 59%
conviction
23%
40-Day Fair Value
≈ by Dec 21, 2026
$1.34
α +2.4%
rank 56%
conviction
72%
60-Day Fair Value
≈ by Jan 19, 2027
$1.33
α +1.5%
rank 54%
conviction
54%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | n/a | 0% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | n/a | 0% | |
| Peer EV/EBITDA | n/a | 0% | |
| Peer P/B | n/a | 0% | median 0.9× · 4 peers |
| Peer P/S | n/a | 0% | median 1.5× · 4 peers |
| Market Anchor (SMA50) | $1.32 | 100% | stability 70% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- MEDICINAL CHEMICALS & BOTANICAL PRODUCTS (2833) · industry map
- Exchange
- XNAS
- Market Cap
- $0.3B
- Employees
- 2,604
- List Date
- 2019-08-01
- CIK
- 0001766600
- Next Earnings
- 2026-10-27 (Pre-Market)
- EPS Forecast
- ($0.01) (2 est.)
- Homepage
- https://www.sndl.com
SNDL Inc is a private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, and Spiritleaf. The principal activities of the company are the retailing of wines, beers, and spirits. It comprised four reportable segments: liquor retail, cannabis retail, cannabis operations, and investments. Liquor retail includes the sale of wines, beers, and spirits through owned liquor stores. The company generates maximum revenue from liquor retail.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 48.18% | -22.76% | 11.11% | -15.82% | -8.42% | -11.49% | 0.13% |
| Feb | 9.92% | 5.12% | -19.31% | -2.88% | -3.01% | 0.65% | -1.58% |
| Mar | -16.30% | 38.48% | -12.09% | 45.29% | -9.62% | -13.16% | 5.43% |
| Apr | -21.50% | -32.94% | -6.29% | 25.38% | 3.47% | 2.26% | -4.94% |
| May | 17.18% | -18.68% | -7.79% | 0.00% | -9.93% | 4.96% | -2.38% |
| Jun | -5.10% | -13.04% | -5.52% | -12.44% | -4.72% | -7.53% | -8.06% |
| Jul | -10.34% | -32.37% | 17.61% | 18.23% | 40.98% | -11.19% | 3.82% |
| Aug | -4.26% | 25.00% | 12.23% | -10.86% | 62.42% | 11.84% | 16.06% |
| Sep | -11.87% | -19.85% | 7.95% | 4.57% | 8.50% | -5.15% | -2.64% |
| Oct | -3.00% | 11.31% | -17.71% | 4.52% | -15.35% | 3.57%* | -2.78% |
| Nov | -5.36% | 12.45% | -0.69% | -8.53% | -19.63% | -- | -4.35% |
| Dec | 2.26% | -27.43% | 9.33% | -7.73% | -1.19% | -- | -4.95% |
| Total | -15.48% | -67.18% | -18.08% | 26.77% | 19.05% | -25.08% | -13.33% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $1.26
SMA 50: $1.32
SMA 200: $1.40
Current: $1.30
EMA 12: $1.26
EMA 26: $1.27
MACD: -0.0189 | Signal: 0.0111
BEARISH
ADX (14): 26.80
TREND
+DI: 23.12
−DI: 17.11
Momentum Oscillators
RSI (14): 54.30
NEUTRAL
Stoch %K: 90.51
Stoch %D: 77.65
Williams %R: -5.56
Volume & Volatility
BB Upper: $1.39
BB Lower: $1.13
NEUTRAL
OBV: -35,590,365
Vol SMA 20: 1,303,310
Vol ROC: -69.76%
ATR: $0.05
True Range: $0.04
HV 20: 38.6%
HV 30: 34.6%
HV 60: 37.6%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Recent news headlines indicate a potentially positive catalyst in the works, which could impact the stock's trajectory.
- The options market is pricing a significant move ($10.03) by expiration, suggesting institutional interest and potential volatility ahead.
Primary Risks:
- The stock's high volatility (0.61) may lead to increased trading activity and market fluctuations.
- A potential earnings beat or miss could significantly impact the stock's price movement.
Investment Thesis:
The stock is currently trading within a range-bound pattern, with recent news headlines suggesting a potentially positive catalyst on the horizon. While there are risks associated with high volatility, the options market suggests institutional interest and potential for a significant move ahead. As such, I recommend maintaining a cautious approach, monitoring technical signals and news sentiment to adjust positioning accordingly.
Recent News Sentiment Impact:
The recent news headlines have been generally neutral, with some positive sentiment around Trump's cannabis rescheduling order. However, the overall impact has been muted due to the lack of concrete developments or significant price movements.
Technical Analysis
Trend Direction:
- Short-term: Neutral (no clear trend)
- Medium-term: Uptrend (SMA 50 above SMA 20)
- Long-term: Downtrend (SMA 200 below current price)
Support/Resistance Levels:
- Lower band: $1.18
- Middle band: $1.25
- Upper band: $1.32
Momentum Signals:
- RSI: Neutral (48.82)
- MACD: Bearish (histogram -0.03)
- Bollinger Bands: Neutral (signal)
Volume Analysis:
- Volume SMA 20: Decreasing trend suggests decreasing institutional interest.
- On-Balance Volume (OBV): Negative signal indicates selling pressure.
News & Sentiment Analysis
Recent Headlines Summary:
The recent news headlines have been generally neutral, with some positive sentiment around Trump's cannabis rescheduling order. However, the overall impact has been muted due to the lack of concrete developments or significant price movements.
Sentiment Assessment:
Aggregate news sentiment: Neutral (2/3 positive, 1/3 negative)
Catalyst Identification:
Upcoming events and announcements could significantly impact the stock's trajectory. The options market is pricing a significant move ($10.03) by expiration, suggesting institutional interest and potential volatility ahead.
Market Narrative:
The recent news headlines have not had a significant impact on the stock's price movement, but the overall sentiment remains neutral. The technical signals suggest a range-bound pattern, with some bearish momentum indicators in place.
Risk & Volatility Assessment
Risk Assessment:
- Beta: 1.01 (above average)
- Alpha: -0.55
- Correlation: 0.21 (low)
Volatility Regime:
Current volatility is above historical levels, suggesting increased trading activity and market fluctuations.
Options Market Signals:
IV Rank: Low (21.3%) Current IV: High (148.6%)
Downside Protection:
Support levels are in place at $1.18, with a risk management strategy recommended to mitigate potential losses.
Market Context & Positioning
Sector Performance:
The stock is trading within the cannabis sector, which has been generally neutral to positive in recent weeks.
Institutional Activity:
Volume patterns suggest decreasing institutional interest, potentially indicating reduced market support.
Correlation Analysis:
The stock's correlation with the broader market (R-squared interpretation) suggests a slightly inverse relationship (-0.21).
Relative Valuation:
The stock is trading within its historical range, suggesting potential for further consolidation or breakout.
Key Levels & Action Items
Critical Price Levels:
- Support: $1.18
- Resistance: $1.32
Breakout/Breakdown Levels:
- Short-term: $1.25 (SMA 20) and $1.27 (EMA 12)
- Medium-term: $1.33 (SMA 50) and $1.53 (SMA 200)
Time-Sensitive Catalysts:
Earnings announcements and potential news developments could significantly impact the stock's trajectory.
Risk Management:
Stop-loss levels should be set at $1.18, with a position sizing consideration to mitigate potential losses.
This report provides an objective analysis of the provided stock data, highlighting key drivers, risks, and market context. It does not include buy or sell recommendations but rather presents a risk-reward analysis for informed investment decisions.
Generated
News
All SNDL news →
SNDL Options Activity & IV Rank
SNDL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 70.7%
7-DTE IV: —
Expected Move: $0.23
7-DTE Move: $0.23
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 17
Put Volume: 5
P/C Volume: 0.294
BULLISH
Call OI: 2,276
Put OI: 81
P/C OI: 0.036
Total OI: 2,357
ATM Options Pricing
ATM Call: $0.03
ATM Put: $0.20
Call %: 1.9%
Put %: 15.3%
Chain Summary
Chain Volume: 4,130
Chain OI: 142,229
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Not enough history yet to rank today's net dealer gamma against this name's own record.
Gamma percentile
—
vs own history
GEX tilt
-0.19
OI-weighted, today
Vanna tilt
-0.26
δ-sensitivity to IV
Charm tilt
-0.02
δ-decay vs time
? What is this?
· 5 ATM contracts, 24k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 114.1% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)15.8LowOct 22
Straddle Price (30 DTE)$0.23Oct 22
Beta Analysis
Risk Metrics
Beta: 0.8142
Alpha: -49.21%
Correlation: 0.1896
R-Squared: 3.6%
Stock Volatility: 54.8%
Market Volatility: 12.8%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Moderate volatility - stock generally follows market
Moderate volatility - stock generally follows market
Beta & Alpha Over Time
Notable investors who own SNDL
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Citadel Hedge fund Ken Griffin | $2.9M | #2546 of 6285 | +15.3% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $1.4M | #2152 of 3138 | +74.7% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $229K | #3438 of 3716 | -42.2% | 13F | |
| Point72 Hedge fund Steve Cohen | $69K | #1860 of 1945 | -45.8% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $0K | #4654 of 4729 | 0.0% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
SNDL Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 264,196,000 (as of 2024-12-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
8 filers$2.14M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Wolverine Trading, LLC Custodian | $601.43K | 28.12% | 2025-09-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $381.92K | 17.86% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $336.96K | 15.75% | 2026-06-30 |
| 4 | IMC-Chicago, LLC Custodian | $316.71K | 14.81% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $203.18K | 9.50% | 2026-06-30 |
| 6 | Susquehanna International Group, LLP Custodian | $202.91K | 9.49% | 2026-06-30 |
| 7 | Simplex Trading, LLC Custodian | $95.72K | 4.48% | 2026-06-30 |
| 8 | FNY Investment Advisers, LLC | $0 | 0.00% | 2026-09-30 |
7 filers$6.63M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $2.86M | 43.12% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $1.49M | 22.50% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $1.09M | 16.49% | 2026-06-30 |
| 4 | Simplex Trading, LLC Custodian | $680.67K | 10.27% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $196.18K | 2.96% | 2025-09-30 |
| 6 | IMC-Chicago, LLC Custodian | $184.00K | 2.78% | 2026-06-30 |
| 7 | Jane Street Group, LLC Custodian | $125.14K | 1.89% | 2026-06-30 |
SNDL Proposed Insider Sales (Form 144)
Latest: 2025-12-12
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2025-12-12 | CANNELL CAPITAL LLC | on behalf of Pleiades Partners LLC | 148,221 | $396.4K | 2025-12-12 | ATB Capital Markets | — | EDGAR |
| 2025-12-12 | CANNELL CAPITAL LLC | on behalf of Cannell SMAs; Separately-managed | 16,100 | — | 2025-12-12 | Schwab | — | EDGAR |
| 2025-12-12 | CANNELL CAPITAL LLC | on behalf of Tristan Offshore Fund, Ltd. | 26,279 | — | 2025-12-12 | ATB Capital Markets | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
5 ETFs hold SNDL
5 shown · $7.76M total exposure · 0.02% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | MJ Amplify Alternative Harvest ETF | Amplify | 6.54% | $6.4M | $97.8M | 2026-10-20 |
| 2 | YOLO AdvisorShares Pure Cannabis ETF | Nport | 1.58% | $540,983 | — | 2026-06-30 |
| 3 | SPDW State Street® SPDR® Portfolio Developed World ex-US ETF | SPDR (State Street) | 0.00% | $394,464 | $40.9B | 2026-10-20 |
| 4 | GWX State Street® SPDR® S&P® International Small Cap ETF | SPDR (State Street) | 0.03% | $240,588 | $899.5M | 2026-10-20 |
| 5 | CNBS Amplify Seymour Cannabis ETF | Amplify | 0.30% | $193,428 | $63.8M | 2026-10-20 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
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TTM Diluted EPS
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TTM Revenue
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TTM Net Income
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TTM Op. Cash Flow
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Quarterly figures (3 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q4 '24 | 2024-12-31 | — | — | — | — |
| Q4 '23 | 2023-12-31 | — | — | — | — |
| Q4 '22 | 2022-12-31 | — | — | — | — |
Q4 2024 • period ending 2024-12-31 • filed 2025-03-18
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
1.79M
SI % of Float
0.69%
Days to Cover
1.37
Short Vol Ratio
44.4%
Free Float
257.32M
Float %
100.0%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2025-08-15