SNDL stock fell 1.59 percent as share vote nears
Published on 10/04/2026 at 23:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SNDL stock (ISIN CA83307B1013) closed at USD 1.24 on Nasdaq on October 2, 2026, down 1.59 percent from the prior session and 57.1 percent below its 52-week high of USD 2.89. The next company checkpoint is a shareholder vote on a proposed share consolidation scheduled for October 15, 2026.
Share consolidation reaches a vote
According to The Globe and Mail on September 9, 2026, SNDL called a virtual annual and special meeting for October 15. Shareholders will vote on a consolidation ratio between 1-for-2 and 1-for-10, alongside director elections and the appointment of CBIZ CPAs P.C. as auditor.
The proposal is directly linked to Nasdaq compliance concerns because SNDL's USD 1.24 closing price sits only USD 0.24 above the exchange's USD 1.00 minimum bid threshold. The board would determine the final ratio if shareholders approve the resolution, with implementation planned before October 31, 2026, according to Moomoo on September 9, 2026.
Q2 revenue declined 3.7 percent
SNDL's second-quarter revenue totaled USD 235.766 million for the period ended June 30, 2026, down 3.7 percent from USD 244.86 million in the year-earlier quarter, according to ChoiceStock. The company reported a USD 7.82 million net loss and diluted loss of USD 0.03 per share for Q2 2026.
The pressure was broad across the reported operating lines. Liquor retail revenue fell 5.1 percent to USD 134.71 million, cannabis retail revenue declined 1.4 percent to USD 83.20 million, and cannabis production revenue dropped 10.1 percent to USD 32.23 million in Q2 2026, ChoiceStock reported.
Consensus target stands above USD 3
Financhill reported on October 1, 2026, that two Wall Street analysts carried a Buy consensus on SNDL, with an average 12-month price target of USD 3.49. That target lies 181.5 percent above the October 2 closing price of USD 1.24, making the estimate a wide gap rather than a near-term valuation signal.
The market is pricing in a difficult operating backdrop. SNDL's October 2 volume was 1,216,799 shares, while its market capitalization stood at USD 322.8 million and its 52-week range was USD 1.17 to USD 2.89. For investors, the October 15 vote and the next earnings report are the clearest dates for judging whether the company can stabilize its listing position and revenue base.
October 2 close keeps stock near yearly low
SNDL stock was last at USD 1.24 on Nasdaq on October 2, 2026 at 4:00 p.m. ET. The price was USD 0.07 above the 52-week low of USD 1.17.
SNDL stock at a glance
- Company: SNDL Inc.
- ISIN: CA83307B1013
- Ticker: SNDL
- Trading venue: Nasdaq
- Price (as of October 2, 2026, 4:00 p.m. ET): USD 1.24 closing price
- Market capitalization: USD 322.8 million (as of October 2, 2026)
- 52-week range: USD 1.17-2.89 (as of October 2, 2026)
- Sector / Industry: Health Care / Pharmaceuticals
Upcoming dates for SNDL stock
- October 15, 2026: Annual and special shareholder meeting
- November 2, 2026: Next earnings report
