Tidal Investments LLC Raises Stock Holdings in SNDL Inc. (NASDAQ:SNDL)

Tidal Investments LLC raised its stake in SNDL Inc. (NASDAQ:SNDL) by 5.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,510,961 shares of the company’s stock after purchasing an additional 311,642 shares during the period. Tidal Investments LLC’s holdings in SNDL were worth $13,413,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. AdvisorShares Investments LLC raised its stake in shares of SNDL by 27.0% during the 2nd quarter. AdvisorShares Investments LLC now owns 1,409,212 shares of the company’s stock worth $2,706,000 after acquiring an additional 300,000 shares in the last quarter. WINTON GROUP Ltd acquired a new position in shares of SNDL during the second quarter worth $742,000. Vontobel Holding Ltd. lifted its holdings in shares of SNDL by 38.7% during the 3rd quarter. Vontobel Holding Ltd. now owns 159,914 shares of the company’s stock valued at $329,000 after purchasing an additional 44,579 shares during the last quarter. RMR Capital Management LLC purchased a new stake in shares of SNDL during the 3rd quarter valued at $103,000. Finally, Millennium Management LLC boosted its position in shares of SNDL by 138.7% in the 2nd quarter. Millennium Management LLC now owns 2,080,069 shares of the company’s stock worth $3,952,000 after purchasing an additional 1,208,556 shares in the last quarter.

SNDL Stock Performance

Shares of SNDL stock opened at $1.82 on Friday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.16 and a current ratio of 5.61. The stock’s 50-day simple moving average is $2.01 and its 200-day simple moving average is $2.04. SNDL Inc. has a fifty-two week low of $1.30 and a fifty-two week high of $2.93.

About SNDL

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.