What is SNDL's dilution risk score?

SNDL has a latest available DilutionScore record of 34/100, categorized as medium dilution risk by the DilutionWatch scoring model. DilutionWatch displays SEC filing and dilution indicators for SNDL, including shelf registrations, ATM offerings, warrant exercises, PIPE deals, and reverse split signals when detected in source data.

What SEC filings does DilutionWatch track for SNDL?

DilutionWatch tracks 25 SEC filing types for SNDL including S-3 shelf registrations, 424B prospectuses (ATM offerings), S-1 registration statements, 8-K material events, warrant exercise notices, convertible note agreements, and Form 4 insider transactions. Alerts are delivered via email within minutes of a filing appearing on EDGAR.

How does stock dilution affect SNDL shareholders?

Stock dilution occurs when a company issues new shares, reducing the ownership percentage of existing shareholders. For SNDL, common dilution events include at-the-market (ATM) stock offerings, shelf registration drawdowns, warrant exercises, and convertible note conversions. Each event increases the share count and can pressure the stock price lower.

Is DilutionWatch free for SNDL tracking?

DilutionWatch provides a free tier that shows DilutionScores and basic filing history for SNDL. Premium plans ($19.95/month Basic, $39.95/month Premium) unlock real-time email alerts, the full Pulse™ feed, advanced dilution forecasts, and access to all 10,000+ tracked tickers.

SNDL Dilution Risk Score: 34/100 (MEDIUM)

Score Breakdown

📋 Offering Ability

💰 Cash Runway

📊 Float Risk

⚠️ Warrant Exposure

🔄 Convertible Debt

Dilution Forecast

⛅

Watch

Minor dilution signals detected

model est. 15%

🔄 Reverse Split model est. 30%

• 50-day avg $1.42 approaching $1 threshold

🔔 Track SNDL — Get forecast alerts →

Market Data

Market Cap$275.18M

Shares Outstanding235.19M

Float225.78M

Cash$155.06M

Debt$122.05M

Short InterestN/A

Source-Backed Evidence Depth

This public preview uses stored DilutionWatch fields and linked SEC/market records only. Missing values are not estimated.

Field	Current Value	Basis
DilutionScore	34/100	DilutionWatch score record
Shares Outstanding	235.19M	Verified float table or market cache
Public Float	225.78M	Verified float table or market cache
Market Cap	$275.18M	Market data cache
Cash Runway	Not available	DilutionWatch score inputs
Shelf Capacity	None in current score inputs	SEC-derived dilution fields
ATM Capacity	None in current score inputs	SEC-derived dilution fields
Outstanding Warrants	None in current score inputs	SEC-derived dilution fields

Recent source-backed SEC insight records available on this page: 0.

The page does not infer future share issuance, financing probability, cash needs, management intent, or price impact when source fields are absent.

Institutional Holdings

2 institutional holders · 3.3K shares

#1 BARCLAYS PLC 3.3K shares

#2 DANSKE BANK A/S 1 shares

Institutional holder totals are aggregated from ownership filings and may use a different share basis or reporting date than public float. They are not a reconciliation against tradeable float.

Short Interest

Short Interest1.79M

Days to Cover1.4

% of Float0.8%

FINRA data as of Sep 30, 2026

Recent SEC Activity

No recent SEC insights

Recent News

No recent news available for this ticker.

DilutionScore History — Last 90 Days

SNDL's DilutionScore has held steady at 34/100 (Medium risk) for 89 consecutive days across the tracked period.

Period	Score	Risk Level	Duration
Jul 16 – Oct 13, 2026	34/100	MEDIUM	89 days

Score recalculated daily from SEC filings and market data. Sign up free for real-time score change alerts.

Share Dilution History

SNDL shares outstanding have increased 1.1% from 257.50M (Mar 2026) to 260.30M (May 2026). Each increase represents potential dilution to existing shareholders.

Date	Shares Outstanding	Public Float	Change
May 17, 2026	260.30M	225.78M	▲ 0.06%
May 13, 2026	260.30M	225.64M	▲ 5.02%
May 10, 2026	260.30M	214.85M	▼ 4.41%
Apr 26, 2026	259.21M	224.76M	▲ 0.46%
Mar 22, 2026	259.21M	223.73M	▼ 1.06%
Mar 17, 2026	259.21M	226.15M	▲ 0.10%
Mar 15, 2026	257.50M	225.93M	▲ 0.66%

Share counts sourced from verified regulatory filings. Increases indicate dilution events.

Track SNDL Dilution Risk in Real-Time

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