SNDL (NASDAQ: SNDL) looks like it's on the road to being a leading cannabis stock. Between making a lot of operational improvements and buying up a lot of local competitors, the company's cannabis segment in Canada is getting stronger and stronger, right when its alcohol business is picking up, too.

And that's why it's in the running for the title of being the best cannabis stock this year, and it has a shot at winning next year as well. Here's what's driving the company's ascent and three reasons to be optimistic about its future.

As of its second-quarter earnings report on Aug. 1, SNDL had 783.6 million Canadian dollars of cash, cash equivalents, and investments. That's a whopping amount compared to major competitors like Tilray Brands, which is a much larger business by market capitalization. Critically, the company has a good track record for utilizing its cash for strategic gain.

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Source Fool.com