SNDL Inc. (SNDL) Q2 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning and welcome to SNDL's second quarter 2023 financial results conference call. This morning, SNDL issued a press release announcing their financial results for the first quarter ended on June 30th, 2023. This press release is available on the company's website at SNDL.com and filed on EDGAR and CDAR as well. The webcast replay of the conference call will also be available on the SNDLgroup.com website. SNDL has also posted a supplemental investor presentation on its website. Presenting on this morning's call, we have Zach George, Chief Executive Officer, Alberto Paradero, Chief Financial Officer, Tank Vander, President Liquor Retail, and Tyler Robson, President Cannabis. Before we start, I would like to remind investors that certain matters discussed in today's conference call or answers that may be given to questions could constitute forward-looking statements. Actual results could differ materially from those anticipated. Risk factors that could affect results are detailed in the company's financial reports and other public filings that are made available on CDAR and EDGAR. Additionally, all financial figures mentioned are in Canadian dollars unless otherwise indicated. We will now make prepared remarks and then we'll move on to analyst questions. I would now like to turn the call over to Zach George. Hi, everyone. And thank you for joining us on our second quarter 2023 earnings call. S&DL's growth over the past two years is nothing short of incredible. Our journey from less than $10 million in net revenue and negative gross margin in Q2 2021 to a potential $1 billion in annual revenue with continued gross margin growth in 2023 serves as a testament to our commitment to becoming a leader in Canadian regulated products. We have achieved significant milesto...