SNDL stock faces a proposed share consolidation vote
Published on 09/25/2026 at 08:21 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
SNDL stock stood at USD 1.40 on Nasdaq on September 24, 2026, leaving the company valued at USD 364.42 million. The price was 51.6 percent below the 52-week high of USD 2.89 and USD 0.23 above the 52-week low of USD 1.17.
Shareholders face a key vote
SNDL has scheduled a virtual annual and special meeting for October 15, 2026, at 10:00 a.m. Toronto time. According to StockTitan, shareholders will vote on a proposed consolidation between 1-for-2 and 1-for-10, alongside director elections and the appointment of an auditor.
The proposal requires a special resolution and later board approval. As of August 26, 2026, SNDL had 246,120,843 common shares outstanding, according to StockTitan.
Revenue pressure remains visible
SNDL generated CAD 235.766 million in revenue in the quarter ended June 30, 2026. ChoiceStock US reported that revenue declined 3.7 percent from CAD 244.86 million in the same quarter of 2025, while the operating result shifted to a CAD 7.841 million loss.
The comparison matters because the latest quarter combines lower sales with renewed operating losses. Cash and cash equivalents stood at CAD 183.208 million on June 30, 2026, giving the balance sheet a separate role in the share-consolidation debate.
Nasdaq price stays near the lower half
At USD 1.40 on September 24, 2026, SNDL stock was 51.6 percent below its 52-week high and 19.7 percent above its 52-week low. The unchanged daily move keeps the scheduled October vote and the next quarterly comparison central to the stock's near-term narrative.
SNDL market snapshot
- Company: SNDL Inc.
- Ticker: SNDL
- Trading venue: Nasdaq
- Price: USD 1.40 on September 24, 2026
- Market capitalization: USD 364.42 million as of September 24, 2026
- 52-week range: USD 1.17-2.89 as of September 24, 2026
- Sector / Industry: Consumer Defensive / Beverages - Wineries and Distilleries
