Sundial Growers (SNDL) is a diversified cannabis and liquor company operating across four segments: liquor retail through Wine and Beyond, Liquor Depot, and Ace Liquor banners in western Canada; cannabis retail via the Spiritleaf brand of corporate-owned and franchised stores across multiple Canadian provinces; large-scale cannabis cultivation and processing facilities producing premium, core, and value-branded products for provincial distributors and direct retail; and global cannabis investments through direct equity and debt instruments as well as a joint venture providing growth capital to cannabis businesses worldwide. The company generates revenue through retail markups on liquor and cannabis products, franchise fees, wholesale sales to provincial distributors covering the majority of Canada's adult-use cannabis market, and returns from its investment portfolio. SNDL has grown its platform substantially through acquisitions that expanded its retail footprint, production capacity, and product range across both the liquor and cannabis sectors.