Sundial Growers Stock Analysis – Buy Hold or Sell SNDL Stock – 10X Cannabis ?? To the Moon ??
Should you Buy Hold or Sell or Sundial Growers Stock (SNDL Stock) today? As a former Wall Street Stock broker I go over a highly detailed analysis and list my recommendation.
#SNDLStock #Stocks #SundialGrowersStock
I am former Wall Street stock broker that has worked for one of the largest financial firms on the market back in 2007-2008 market crisis and I am here to give you my analysis of Sundial Growers Stock analysis going into 2021 and beyond.
I will go over a summary of the company, its product offerings, recent news, financials, analyst projections and
Give it my BUY HOLD OR SELL Recommendation.
Sundial Growers is a cannabis company engaged in the production, distribution and sale of cannabis for the medical and premium cannabis for the adult-use market.
In Sundial’s purpose-built indoor modular grow rooms, the Company produces consistent cannabis in individual and fully controlled room environments.
The Company’s cannabis products are used as prescription medicines, and to enhance social, spiritual and recreational occasions.
The Company sells Sundial Cannabis-branded dried flower cannabis products in a range of formats, such as pre-rolls, oils, capsules and sublingual.
Sundial Growers Announces US$74.5 Million Registered STOCK Offering
The company currently has some $610 million in cash, in addition to marketable securities and loans receivable of approximately $61 million, and approximately 1.56 billion common shares outstanding.
This is a stock that was targeted by Reddit WallstreetBets where one post on reddit said
“Let pump SNDL at least $1.50 today,” “Absolutely Realistic,” responded another.
It only took less than a week for individual investors on social media sites to send Sundial Growers stock up 100% to $1.20, which was a 760% gain since November.
So these Reddit users basically reasoned they could own a lottery ticket with the hopes of cannabis decriminalization.
So with the recent cash injection from its stock sale with around $615 Million in unrestricted cash can Sundials management capitalize on this financial security? That’s remains an open question to be answered.
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