暴富21888
2022-04-16

BULLISH SIGNALA FOR $Sundial Growers Inc.(SNDL)$


$Sundial Growers Inc.(SNDL)$is poised to go higher if the bullish indicators go by. Shares of the cannabis producer have been under pressure for almost a year. However, the trading price of the stock is increasing, and people are starting to jump on the bandwagon.

The United States House of Representatives has approved a bill that would decriminalize cannabis use at the federal level. As you can see from the chart below, it had a substantial impact on SNDL stock. However, the company has given away gains sharply in the last few days. However, the bulls have had enough, and we see a rearguard action.

Therefore, Sundial is getting its house in order. In the third quarter, investors saw the company authorize a 100 million CAD share repurchase program and post net earnings of 11.3 million CAD. Sundial CEO Zachary George has said that one of the company’s financial goals is to have a positive cash flow by 2022. All in all, The company is in for a big year, making SNDL a buy in my eyes.

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