Liquor Retail Revenue was Sndl’s largest revenue line in fiscal 2025, bringing in $539.63M of $1.00B (54%).
| Products and services [axis] | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|
| Liquor Retail Revenue | $462.18M | $578.90M | $555.26M | $539.63M | |||
| Cannabis Retail Revenue | $205.61M | $289.98M | $311.69M | $330.24M | |||
| Cannabis Operations Revenue | — | — | $108.47M | $133.06M | |||
| Cannabis Operations Revenue, Net Of Intersegment Elimination | — | $88.85M | — | — | |||
| Cannabis | $61.90M | — | — | — | |||
| Total | $729.69M | $957.73M | $975.42M | $1.00B |
Sndl brought in $1.00B from its three revenue lines in fiscal 2025, the year ended December 31, 2025. That was up 2.8% from $975.42M in fiscal 2024. Liquor Retail Revenue was the largest at $539.63M (53.8%), ahead of Cannabis Retail Revenue at $330.24M (32.9%) and Cannabis Operations Revenue at $133.06M (13.3%).
Compared with fiscal 2024, Cannabis Operations Revenue grew fastest, up 22.7% to $133.06M, while Liquor Retail Revenue fell the most, down 2.8% to $539.63M.
Sndl began breaking out Cannabis Operations Revenue in fiscal 2024, when it brought in $108.47M. Sndl stopped reporting Cannabis Operations Revenue, Net Of Intersegment Elimination ($88.85M in fiscal 2023) and Cannabis ($61.90M in fiscal 2022) as separate revenue lines.
Dried Flower was Sndl’s largest segment in fiscal 2019, bringing in $58.25M of $66.93M (87%).
| Segments [axis] | FY 2019 |
|---|---|
| Dried Flower | $58.25M |
| Oil | $8.18M |
| Vapes | $504.00K |
| Total | $66.93M |
Sndl brought in $66.93M from its three segments in fiscal 2019, the year ended December 31, 2019. Dried Flower was the largest at $58.25M (87.0%), ahead of Oil at $8.18M (12.2%) and Vapes at $504.00K (0.8%).
Provincial Boards was Sndl’s largest revenue line in fiscal 2020, bringing in $55.32M of $73.32M (75%).
| Types Of Customers | FY 2019 | FY 2020 |
|---|---|---|
| Licensed Producers | $53.52M | — |
| Provincial Boards | $13.39M | $55.32M |
| Wholesale | — | $17.97M |
| Medical | $24.00K | $32.00K |
| Total | $66.93M | $73.32M |
Sndl brought in $73.32M from its three revenue lines in fiscal 2020, the year ended December 31, 2020. Sndl regrouped these revenue lines after fiscal 2019, so the total does not compare directly with that year's $66.93M. Provincial Boards was the largest at $55.32M (75.4%), ahead of Wholesale at $17.97M (24.5%) and Medical at $32.00K (0.0%).
Sndl began breaking out Wholesale in fiscal 2020, when it brought in $17.97M. Sndl stopped reporting Licensed Producers as a separate revenue line after fiscal 2019, when it brought in $53.52M.
Sndl (SNDL) reports its revenue by products and services [axis], by segments [axis] and by types of customers. In fiscal 2025, Liquor Retail Revenue was its largest revenue line, bringing in $539.63M (53.8% of the total), followed by Cannabis Retail Revenue at $330.24M (32.9%).
Liquor Retail Revenue was Sndl's largest revenue line in fiscal 2025, bringing in $539.63M, or 53.8% of the $1.00B total across its three revenue lines.
Dried Flower was Sndl's largest segment in fiscal 2019, bringing in $58.25M, or 87.0% of the $66.93M total across its three segments.
Among Sndl's revenue lines that make up at least 2% of revenue, Cannabis Operations Revenue grew fastest in fiscal 2025, up 22.7% from $108.47M to $133.06M.
Every figure comes from Sndl's annual financial filings, as reported. Each line keeps the name Sndl gives it, and years follow its fiscal calendar.
Sndl's revenue by products and services [axis] goes back to fiscal 2019, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.