Apr. 25 at 6:21 PM
$SNDL how much is Parrallel worth post medical S3?
Based on official Florida sales, Surterra revenues/market shares is steady around 10% of the state total sales of of 1.9B, 2025.
Net of debt peer valuations avearge 3x sales. Considering prime store locations, Surterra should be valued 400-500m, conservatively. SNDL owns 2/3 - around 300m.
TX Goodbend should be valued at least 50m considering second biggest medical infrastructure in TX.
So, only Parrallel is easily worth current total SNDL market cap. Unfortunately, market gives Zero value to US assets, for now.
Load up.