SNDL Just Made a Huge Announcement, But Is the Stock a Buy?

The cannabis industry is no exception, and in that vein, SNDL (NASDAQ: SNDL) just dropped a bombshell announcement that might disrupt the North American marijuana industry, perhaps forever. Here's what's going on with this Canadian cannabis and alcohol company formerly known as Sundial Growers and why it's a critical concern for investors. In its fourth-quarter and full-year 2022 earnings report published April 24, SNDL casually mentioned that "the company expects that, on a structured and regulatory compliant basis, it may become a majority owner of one or more multi-state operators (MSOs) in the U.S. in 2023."