What's next for SNDL after strong 2024?

**SNDL's 2024 Performance and Outlook**: 1. **Record Revenue and Gross Profit**: SNDL reported record full-year net revenue of $920 million for 2024, a 1.3% increase year-over-year. Gross profit for the year was $240.3 million, marking a 26.2% annual increase. 2. **Cannabis Segment Growth**: The cannabis segment showed strong momentum, with a 16.5% revenue increase in Q4 2024, driven by acquisitions and market growth. 3. **Liquor Segment Decline**: There was a 3.4% decline in liquor segment revenue in Q4 2024, amid weak market demand. 4. **Cannabis Retail Expansion**: Cannabis retail net revenue increased by 10.7% year-over-year, with same-store sales growing by 6.3%. 5. **Free Cash Flow Break-Even**: SNDL achieved positive free cash flow for the first time, exceeding guidance with $8.9 million, a significant improvement from the previous year. Given these achievements, SNDL is positioned for potential growth in 2025, despite some challenges: 1. **Analyst Ratings and Price Target**: Canaccord Genuity upgraded SNDL from Hold to Speculative Buy, setting a new price target of $5.00, indicating confidence in SNDL's future. 2. **Support and Resistance Levels**: The stock is currently below the wide support level but above the narrow support level, suggesting a potential for price movement towards the resistance level. 3. **Price Forecast**: The price forecast for SNDL shows a mean forecast price of $1.44, with a narrow 34% confidence interval ranging from $1.41 to $1.45, and a wider 68% confidence interval ranging from $1.39 to $1.51. In conclusion, SNDL's strong performance in 2024, combined with positive analyst ratings and price target adjustments, suggests an optimistic outlook for the company in the coming year. However, the bearish trend in the stock and the potential resistance levels indicate that investors should remain cautious and monitor the company's progress closely.