10 Best Cannabis Stocks to Buy According to Billionaires

4. SNDL Inc. (NASDAQ:SNDL)

Number of Billionaire Holders: 5

SNDL Inc. (NASDAQ:SNDL), the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. The company also operates as a licensed cannabis producer and stands as one of Canada’s premier vertically integrated cannabis enterprises.

SNDL Inc. (NASDAQ:SNDL) had a strong Q4 2024 as it reported an EPS of $0.05 against expectations of -$0.01. Net revenue for the quarter came in at a record $257.7 million, up 3.7%, driven by the strong growth in the company’s cannabis business. The biggest highlight is SNDL’s positive $8.9 million free cash flow in 2024, exceeding its breakeven guidance and representing a $70 million improvement compared to 2023. The company ended the year with $218 million in unrestricted cash and zero outstanding debt. Moreover, it also reactivated its share repurchasing program, retiring 10.8 million SNDL shares.

SNDL Inc. (NASDAQ:SNDL) continues to capitalize on new opportunities, including the privatization of Nova and the acquisition of Endiva, which positions the cannabis operator as the largest manufacturer of infused edibles in Canada. The company has also recently signed a strategic supply agreement with Aurora Cannabis, a leading global medical cannabis company. SNDL also recently announced its application for listing on the Canadian Stock Exchange, providing its shareholders additional flexibility and optionality as it continues to grow and evolve.