Sundial Growers, Inc. (NASDAQ:SNDL) engages in the cultivation of cannabis as well as the processing and sale of alcoholic drinks through its own retail locations. Sundial, Top Leaf, Palmetto, and Grasslands are some of the brands that it carries.
1. Nova is owned by SNDL via Alcanna buyout for over a year. Approval is only pending for NOVA ownership structure change (equity to partnership/franchise model) and dividend to all shareholders. 2. SNDL has 700m in cash and investments. 3. Gamma loan at Sunstream was sold at gain – more cash at SNDL. CFO mentioned a LARGER stock buyback to be announced withing weeks.
First, market watchers forecast a possible gain in the company’s share price of 114% during the next year, primarily as a result of recent acquisitions such as Valens and the company’s inexpensive price-to-book ratio. It has also overcome market obstacles by diversifying into the retail liquor sector and evaluating investments in multi-state operators (MSOs) in the United States. These are both examples of how the company has adapted to changing market conditions.
Things appear to be going well for the company from a technological standpoint. In particular, it has a price objective of $4.62, and its stock price is now trading close to its 52-week low. As the momentum is also returning to the upside in the immediate time frame on the 4-hourly charts, we could anticipate a higher stock price in the following days and weeks ahead. When all is considered, it is one of the best cannabis stocks that money can buy.
Sundial’s stock price has increased due to the company’s solid performance in recent quarters. In addition, investors will want to see consistent results. In particular, when quarterly earnings are released. However, due to its solid foundation and promising future, this business is an excellent investment.
SNDL could easily spike between $7 to $10 by end of 2023 based on all new partnerships and acquisitions bringing huge revenue to its bottom line compared to its competitors.
SNDL is the largest private-sector liquor and cannabis retailer in Canada with retail banners that include Ace Liquor, Wine and Beyond, Liquor Depot, Value Buds, Spiritleaf, and Firesale Cannabis. SNDL is a licensed cannabis producer and one of the largest vertically integrated cannabis companies in Canada specializing in low-cost biomass sourcing, premium indoor cultivation, product innovation, low-cost manufacturing facilities, and a cannabis brand portfolio that includes Top Leaf, Contraband, Citizen Stash, Sundial Cannabis, Palmetto, Bon Jak, Spiritleaf Selects, Versus Cannabis, Value Buds, Vacay, Grasslands and Superette. SNDL’s investment portfolio seeks to deploy strategic capital through direct and indirect investments and partnerships throughout the North American cannabis industry.
