SNDL Inc. (NASDAQ:SNDL) is one of the Best Rising Penny Stocks to Buy According to Hedge Funds. On July 31, SNDL Inc. (NASDAQ:SNDL) released its fiscal second-quarter results for 2025. The market has reacted positively following the announcement, as the stock has surged 30.81% since the announcement.
During the quarter, the company delivered a quarterly revenue of $244.8 million, reflecting 7.3% year-over-year growth. Management noted that the key drivers of this growth were the cannabis business, which grew 17.4% and a return to growth within its liquor retail segment. Notably, the gross profits also improved by 16.2% year-over-year to reach $67.6 million.
Looking ahead, management highlighted that they have agreed to acquire 32 cannabis retail stores from 1CM Inc. for $32.2 million, which are expected to close in Q3 2025.
SNDL Inc. (NASDAQ:SNDL) is a vertically integrated company that operates in both the cannabis and liquor retail sectors in Canada. It owns and operates several retail banners selling cannabis products, accessories, wines, beers, and spirits.
While we acknowledge the potential of SNDL as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.
Disclosure: None. This article is originally published at Insider Monkey.