Plus500. So there’s potential here. CANNABIS CULTURE – Are they led to get a summit or a cliff? hide. In the past, the company’s total assets have been listed as high as $1 billion and the stock has been called a “unicorn.”. share. See also: How to Buy Sundial Growers (SNDL) Stock. CANNABIS CULTURE – Are they headed for a peak or a cliff?. It’s the price that’s the problem. Again, I’m a big-time, long-running cannabis bull. That plan includes a number of brands ranging from value (Grasslands) to premium (Top Leaf). The stock went from trading for pennies to one with a market cap hitting $3.6 billion. Sundial Growers Closes $74.5M Offering After Being Targeted By WallStreetBets Sundial Growers Inc. (NASDAQ: SNDL) closed a share offering valued at roughly $74.5 million this week. Top 20 Trending Stocks On WallStreetBets As Of Tuesday, Feb. 16, 2021 (Via Swaggy Stocks) 16 Feb 21. Posted by 1 day ago. share. Shares closed ... A pretty decent sized pullback on them all expect Sundial Growers. report. Trading Ideas. Copyright © Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. Source: Jetacom Autofocus / Shutterstock.com, After WallStreetBets Hype, Steer Clear of Sundial Growers’ Stock, Don’t Let Reddit’s r/WallStreetBets Become Your QAnon >>> READ MORE, Matt McCall and the InvestorPlace Research Staff, The Crypto Awakening: Get in Position Now for This Next Great Shift, MoneyLine Podcast: How the Market’s Changed From One Year Ago, Which Electric Vehicle Stocks Are Smoking Hot… And Which Might Get Smoked, Don’t Miss This Chance for Life-Changing Profits With Small High-Growth Stocks, Every Investor Should Own at Least Some of These Stocks, What Square’s $50 Million Bitcoin Investment Means for You, This Bill Gates-Backed Company Is Making Big Waves in the Battery World, 5G Stocks: This New Era of Massive Profits Just Began. 144. ... #SNDL #SNDLSTOCK #AMC #WALLSTREETBETS #SUNDIALGROWERSTOCK … I have quite a bit of shares on it waiting for it to explode. There’s a price at which SNDL stock is attractive, but I don’t believe $1.38 is it. And there are still-significant ongoing losses. ... came in part from enthusiasm on Reddit's WallStreetBets forum. The WallStreetBets crowd has rushed into the Canadian cannabis sector sending stocks, such as Sundial Growers , soaring. What the … OC. WallStreetBets have been discussing Tilray (TLRY), Aphria (APHA) and Sundial (SNDL) to name a few. Article printed from InvestorPlace Media, https://investorplace.com/moneywire/2021/03/after-wallstreetbets-hype-steer-clear-of-sundial-growers-sndl-stock/. It seemed that the WallStreetBets retail crowd short squeeze triggered Cannabis Stocks have been on a tear. Discussion. Cannabis, News, Markets. We’ll get fourth quarter earnings later this month, but through the first three quarters of 2020 Sundial generated 47 million CAD in net revenue. Sundial Growers Closes $74.5M Offering After Being Targeted By WallStreetBets. 90. west_stringfellow. ... Powerup and unlock perks for r/wallstreetbets Show Perks. Follow. But with SNDL stock up more than 130% YTD, a $2.2 billion market cap seems far too high. So bankruptcy is off the table for some time to come. Even if they partially succeed in expanding to the Us, they can still be major players in the Canadian cannabis industry you’re talking about a growing 37mill population with 99% cannabis enthusiasts. The company was once dubbed a "unicorn" due to its valuation, which at one point hovered at $1 billion. 69 comments. The Calgary, Canada-based company currently has some $610 million in cash, in addition to marketable securities and loans receivable of approximately $61 million, and approximately … 144. Click here to see what Matt has up his sleeve now. Sundial even could be a target itself, as we may see a period of consolidation across the industry. These days, Sundial is among a list of so-called “meme stocks” in the crosshairs of Reddit investor group r/WallStreetBets investors, as compiled by Swaggy Stocks. Press J to jump to the feed. On the US side, the fundamental catalyst has been … Sundial Growers Inc is benefiting from three upbeat factors. Sundial Growers stock has benefited from the WallStreetBets-driven short squeeze rally. UPDATE Feb 23, 2021: ... More posts from the wallstreetbets community. As of early February, the share count had reached 1.56 billion. 16 Feb 21. But there’s also a 130% rally on little news. Sundial shares closed nearly 48.5% higher on Monday, dipped Tuesday, but spiked 16% on Wednesday. Sundial Growers Inc. (NASDAQ:SNDL) closed a share offering valued at roughly $74.5 million this week. Head-quartered in the Rocky Mountain foothills of Calgary Alberta, Canada — Sundial Cannabis Growers — has been named to the subreddit r/WallStreetBets prestige list of “meme-stocks” by popular poster Swaggy Stocks. SNDL attracted attention on the WallStreetBets Reddit, with investors speculating that SNDL was a heavily-shorted stock. Johnnyboy1423. Using the year-end 2019 share count of 107 million, and the Dec. 31, 2019 closing price of $3.01, Sundial had a market cap of about $322 million. By Feb. 29 of last year, cash was down to just 43.1 million CAD. After more stock sales earlier this year, as of last month, Sundial had cash of 610 million CAD. At the end of 2019, Sundial had 178 million CAD in debt. save. Full-year figures thus look likely to be around 65 million CAD at most — or a little over $50 million. Sundial's share price has doubled in recent days after it drew attention from traders on the WallStreetBets group on Reddit, which now has nearly 8 million members. In the past, t he company’s total assets have been listed as high as $1 billion and the stock has been called a … I recently read a headline that asked how much Sundial Growers (NASDAQ:SNDL) was really worth. 11. callme_sweetdick. Close. DD. It exchanged stock for debt. 9.3m members in the wallstreetbets community. And with the balance sheet strengthened, Sundial can try to grow inorganically. In the past, t he company’s total assets are recorded as large as $1 billion and the inventory was known as a … Around 45% of the stock is being shorted, but it doesn’t have debt. Search up this article (sundial growers splashy deal-nasdaq) I am no financial advisor DO YOUR OWN RESEARCH. The Calgary, Canada-based 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. GME YOLO update — Mar 8 2021. Stock quotes by finanzen.net. 29 72 1610 1619 1702 7 104 140 8. Adding debt net of cash (converted into U.S. dollars), the enterprise value was a little over $400 million. I'm a brown woman in WSB! Nasdaq hide. 99% … Hang In There. Made In NYC | 02-04. Sundial Growers. Indeed, Sundial now has the resources to aggressively attack its markets in a way that it couldn’t as recently as last year. Even on an Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) basis in Q3, Sundial’s loss totaled about one-third of revenue. Sundial Growers Inc. (NASDAQ: SNDL) closed a share offering valued at roughly $74.5 million this week. SNDL stock has pulled back since, but much of the gains remain. Even with SNDL stock down by more than half since the end of 2019, the business has a far higher valuation. In the past, t he company’s total assets have been listed as high as $1 billion and the stock has been called a “unicorn.” … 156k. Thinking About Buying Stock In Entera, GE, Phunware, Sundial Growers Or Plug Power. Shares closed at 60 cents on Jan. 27, and though they briefly neared $4 two weeks later, they’ve still rallied 130% in a little over a month. Sundial Growers stock is one of the stocks that has seen increased buying activity due to WallStreetBets' pump. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, An unexpectedly sharp economic rebound could kickstart a massive shakeup that's almost certain to drag stocks lower », Krispy Kreme launches a collection of St. Patrick's Day-themed doughnuts », Sundial Growers Inc Registered Shs hosts conference call for investors, Benzinga's Bulls And Bears Of The Week: Apple, Lemonade, Sundial, Tesla And More, Sundial Growers Inc. (SNDL) Flat As Market Gains: What You Should Know, Pot stocks in spotlight as Governor Cuomo comments on legalization bill. Disclaimer | CANNABIS CULTURE – Are they headed for a peak or a cliff? Sundial Growers Inc. (NASDAQ: SNDL) closed a share offering valued at roughly $74.5 million this week. But there are concerns as well. After the Reddit rally, SNDL stock no longer seems to pricing in that fact. Head-quartered in the Rocky Mountain foothills of Calgary Alberta, Canada — Sundial Cannabis Growers — has been named to the subreddit r/WallStreetBets prestige list of “meme-stocks” by popular poster Swaggy Stocks. 2021 InvestorPlace Media, LLC. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). Sundial Growers Inc. (NASDAQ:SNDL) closed a share offering valued at roughly $74.5 million this week. Sundial is focusing on inhaled products, which includes not only dried flowers but derivatives and concentrates. save. All told, there’s a lot of work left to do. Some 14 million Series B Units were sold at a price of $1 each, minus $0.0001. ... Sundial Growers Inc. (NASDAQ:SNDL) closed a share offering valued at roughly $74.5 million this week. Sundial unveiled a registered offering of 60.5 million Series A Units sold at a price of about $1 each. Posted by 2 days ago. On the date of publication, neither Matt McCall nor the InvestorPlace Research Staff member primarily responsible for this article held (either directly or indirectly) any positions in the securities mentioned in the article. CANNABIS CULTURE – Are they headed for a peak or a cliff? The somewhat niche cannabis producer saw its stock get caught up in the Reddit-driven frenzy of late January. Sundial Growers Closes $74.5M Offering After Being Targeted By WallStreetBets Sundial Growers Inc. (NASDAQ: SNDL) closed a share offering valued at roughly $74.5 million this week. YOLO for Sundial Growers (SNDL) YOLO. At the very least, Sundial Growers is in far better shape than it was just 14 months ago. On the surface, the case for Sundial Growers (NASDAQ:SNDL) stock isn’t outlandish. Copyright © 2021 InvestorPlace Media, LLC. Sundial Announces $22M Investment In Indiva. Posted by 3 months ago. A warrant gives the stock holder the right to buy a company's stock at a specific price and at a specific date. By Thursday, the company's shares opened at $1.25 each. And Sundial has at least positioned itself to be a part of that growth. SNDL is up 200 percent this year alone and a staggering 900 percent since November 2020. Between Election Day 2020 and the end of February, Sundial Growers ... Second, the recent surge in retail investor activities, led by the Reddit forum r/WallStreetBets, has also stoked SNDL stock. There’s a price-to-revenue multiple that’s among the highest in the sector. All rights reserved. Head-quartered in the Rocky Mountain foothills of Calgary Alberta, Canada — Sundial Cannabis Growers — has been named to the subreddit r/WallStreetBets prestige list of “meme-stocks” by popular redditor Swaggy Stocks. To be sure, both the multiple and the losses reflect the fact that Canadian cannabis still is in the early stages of its growth. Head-quartered in the Rocky Mountain foothills of Calgary Alberta, Canada — Sundial Cannabis Growers — has been named to the subreddit r/WallStreetBets prestige list of “meme-stocks” by popular redditor Swaggy Stocks. A lot has been said about the US Cannabis stocks versus the Canadian stocks. Sundial Growers Inc (NASDAQ: ... the company became one of the latest stocks targeted by communities of online retail stock traders, led by the Reddit WallStreetBets community. The plunging SNDL stock price — which bottomed at 14 cents last year — didn’t help the cause. 10. All rights reserved. That’s a big figure in the context of Sundial’s performance. 85. androidbuilt7. The remaining exercise price of each Series B Warrant is equal to US$0.0001 per common share, according to a release. It already tried to acquire a smaller cannabis company by buying its debt, only for a refinancing to thwart that strategy. YOLO for Sundial Growers (SNDL) YOLO. Commerce Policy | All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. On the surface, the case for Sundial Growers (NASDAQ:SNDL) stock isn’t outlandish. But we’re also looking at a stock that now trades at about 34x revenue. Between the covenant breaches and negative free cash flow, bankruptcy was a real possibility. 156k. Head-quartered at the Rocky Mountain foothills of Calgary Alberta, Canada — Sundial Cannabis Growers — was named to the subreddit r/WallStreetBets prestige record of “meme-stocks” by popular poster Swaggy Stocks. SNDL stock has pulled back since, but much of the gains remain. It’s the price that’s the problem. One major concern is the cost Sundial shareholders have paid to fix up the balance sheet. Sundial Growers Closes $74.5M Offering After Being Targeted By WallStreetBets. It sold its U.K. business. 1125 N. Charles St, Baltimore, MD 21201. The  r/WallStreetBets group has over 8 million members and recently grabbed headlines for buying shares of companies such as GameStop Corp. (NYSE:GME) and AMC Entertainment Holdings Inc. (NYSE:AMC), which are similarly heavily shorted. 1125 N. Charles St, Baltimore, MD 21201. The WallStreetBets crowd could clearly push the stock higher in the next few days or weeks, but Sundial has no business prospects supporting the stock above $1. With his next-generation approach to investing, Matt McCall finds better stocks for you to invest in — not the same old companies over-hyped on Wall Street. Sundial Growers Closes $74.5M Offering After Being Targeted By WallStreetBets Anthony Noto 2/4/2021 $1,400 checks are coming in the new coronavirus relief bill. Investors should … Put another way, the same number of shares now reflect an ownership stake that is less than one-fourteenth what it was fourteen months ago. Sundial rocketed to semi-fame when it became a fat blip on the radar of the (in)famous WallStreetBets group on Reddit earlier this month. In this video we’ll be talking about a penny stock called Sundial Growers (SNDL) which has made huge gains today after Reddit traders flocks to This stock after driving up the stock prices of GameStop and AMC to fight back against hedge funds and institutional investors trying to short squeeze these stocks. Sundial Growers (SNDL) rose to prominence this morning as its share price increased by more than 45%. 4 9 307 264 285 2 4 22. That cost has come in the form of dilution. 10. Is Sundial Growers Stock Worth $4 or Is It Worthless? Exposing Sundial growers, ticker SNDL. Now, it’s possible that the same could be said about Sundial Growers (NASDAQ: SNDL). Benzinga. See also: How to Invest in Cannabis Stocks. Is this yet another short squeeze after the ones seen for stocks like GameStop (GME) and AMC Entertainment (AMC) in recent weeks? Sundial had breached the covenants on its credit agreement as well. Only this time, the danger is in gambling on SNDL stock based on what you read from r/WallStreetBets (WSB). Sundial Growers Closes $74.5M Offering After Being Targeted By WallStreetBets. That rally still seems like too much, even for a company that admittedly offers some promise. … I think the industry has not just years, but decades of growth ahead. At the end of 2019, Sundial Growers had 107 million shares outstanding. And so even though the SNDL stock price has fallen, the valuation applied to this company is massively higher. quotes delayed at least 15 minutes, all others at least 20 minutes. What are your guys thoughts on sundial? But Sundial found a way. 144 votes, 69 comments. Over the past 52 weeks, SNDL stock has traded as high as $3.96 a share and as low as 14 cents. 10. fealoga. Matthew McCall left Wall Street to actually help investors — by getting them into the world’s biggest, most revolutionary trends BEFORE anyone else. Sundial Growers has a decent enough turnaround story. Source: Jetacom Autofocus / Shutterstock.com The somewhat niche cannabis producer saw its stock get caught up in the Reddit-driven frenzy of late January. Now the balance sheet is in pristine shape. SNDL has lots of potential to grow. 118k. In fact, it has more than quadrupled, to about $1.7 billion. Sundial’s results will improve. Comments are locked. report. Sundial Growers Inc View all WallStreetBets trending stocks Premarket Buzz 1 Comments today 12am to 9:30am EST Comment Volume (7 days) 718 Total Comments on WallstreetBets View All Time 169 Total Comments on 4chan's biz View All Time Options Positions (7 days) Puts and Calls mentioned on WallStreetBets over the last 7 days 2 Mentioned Calls 0 Mentioned Puts (Click and drag to zoom) View … Other investors might be thinking about buying the stock because of the attention Reddit users at r/WallStreetBets brought to Sundial Growers. Like 4chan found a bloomberg terminal. The exercise price of the company's Series A Warrants is equal to $1.10 per common share. So Sundial has a chance in an industry toward which I remain hugely bullish. Press question mark to learn the rest of the keyboard shortcuts ... Log In Sign Up. The Calgary, Canada-based company currently has some $610 million in cash, in … In the past, t he company’s total assets have been listed as high as $1 billion and the stock has been called a … 7.9k comments. Powerups 4575. amitkanabar. By 3:20 p.m. EST, they hovered $1.17 per share. Community heroes. User account menu.

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