$Sundial Growers Inc.(SNDL)$Sundial Growers reported Q1-2022 revenue of CA$17.6 million, representing a 78% increase YoY.The company’s numbers do not yet include the Alcanna and Nova Cannabis acquisitions.Alcanna’s Q1-2022 revenue, not included in Sundial’s revenue report, was CA$162.5 million.Sundial Growers is currently undervalued, and its stock has begun a new uptrend.I am now rating Sundial Growers as a Buy and recommend a long-term strategy.Sundial Growers Looking Bullish As Revenue Growth From Acquisitions IncreasesMay 19, 2022 12:34 PM ETSundial Growers Inc. (SNDL)VFF, VLNS9 Comments4 LikesAlan Sumler profile pictureAlan Sumler878 FollowersSummarySundial Growers reported Q1-2022 revenue of CA$17.6 million, representing a 78% increase YoY.T
$Sundial Growers Inc.(SNDL)$DELAY IN EARNING REPORTCALGARY, AB, April 13, 2022 /CNW/ - Sundial Growers Inc. (NASDAQ: SNDL) ("Sundial" or the "Company") reports that the Company's external auditor has advised that it now expects to complete its audit and release its audit opinion and report on the Company's consolidated financial statements for the year ended December 31, 2021 on or before April 29, 2022. The Company expects to file its audited consolidated financial statements for the year ended December 31, 2021, annual management's discussion and analysis for the same period, annual information form for the same period (which will be reported as an Annual Report on Form 20-F) and management certifications of annual filings (collectively, the "Fi
$Sundial Growers Inc.(SNDL)$SHOULD HOLD OR SELL?$Sundial Growers Inc.(SNDL)$is one of the cannabis industry's most popular meme stocks. It doesn't need strong earnings numbers to generate bullishness, and there's often a large disconnect between the company's fundamentals and its valuation. It's not unlike the situation with other meme stocks, including movie theater chain AMC Entertainment ( AMC -1.96% ) and video game retailer GameStop ( GME -2.36% ).A good way to gauge volatility (and popularity) in a stock is by looking at its 30-day average volume. Although there has been a steep 63% drop-off in Sundial's trading volumes over the past year, the movement during that time has been relatively stable com
$Sundial Growers Inc.(SNDL)$2022 has been hard going for many industries operating against a backdrop of inflation running hot and rising interest rates. The negative macro developments affected all corners of Sundial’s () latest quarterly report.The Canadian cannabis company dialed in total net revenue of C$17.6 million, amounting to a ~29% sequential drop, as seasonal slower sales hit the top-line. Net cannabis cultivation dropped by 31% quarter-over-quarter to C$8.8 million as both wholesale and provincial distributor sales took a hit – falling by around 64% and 14% Q/Q, respectively.As the company postures toward the premium inhalables categories and moves away from discount offerings, Canaccord analyst sees further “near-term challenges” for
$Sundial Growers Inc.(SNDL)$Are they a cannabis cultivator that moonlights as a marijuana investment bank, or vice versa? Given its decline of more than 37% over the last 12 months, the market doesn't seem to be keen on the stock. As interesting as Sundial's hybrid business model may be, the stock's future depends on convincing investors that it's more than a meme.All eyes will be on Sundial's forthcoming earnings report describing its performance in the fourth quarter and for all of 2021. Though investors originally anticipated the earnings to drop March 29, mishaps management attributes to an external auditor have caused a delay, and now the earnings are scheduled to come out before the end of April instead. Putting aside any concerns about wh
$Sundial Growers Inc.(SNDL)$The CEO explained how the company recovered its financial condition through a combination of layoffs, asset sales, deferred equity swaps and “rescue financing.” In addition, the company used social media to raise over $1.2 billion dollars in roughly eight months. Greiper highlighted the average daily dollar volume of Sundial stocks “is incredible, probably one of the ten most liquid names in the cannabis public market which is not an easy thing to achieve since most of the stocks have been in decline.”George explained that during the pandemic the company saw the effects of the various stimulus payments and the rise of day-trading retail investors, working from home, as a major driver of Sundial's recovery. “Their suppor
$Sundial Growers Inc.(SNDL)$ EARNINGS REPORT THIS WEEK Based on unaudited financial statements prepared by the management of the Company, Sundial expects to report record adjusted EBITDA from continuing operations for the full year 2021.ALCANNA Transaction Highlights:• Improved cash flow profile with expansion into liquor retail: As a result of the Transaction, Sundial has become Canada’s largest private sector liquor retailer, operating 171 locations predominantly in Alberta under its three retail banners “Wine and Beyond”, “Liquor Depot” and “Ace Liquor”. The Company’s management believes that the liquor segment will add sustainable cash flow from operations and st
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
$Sundial Growers Inc.(SNDL)$Monday, shares of SNDL fell by 4.09% and closed the trading session at $0.67. Sundial was a red blemish on an otherwise bullish start to the trading week as all three major indices closed higher thanks to a major rally from big tech. The Dow Jones added 103 basis points, the S&P 500 gained 0.81%, and the NASDAQ rallied higher by 1.9% as the tech-heavy index continues to battle its way back from the recent drop into bear market territory.The major headline that was sending Sundial lower on Monday was a self-imposed trading ban by some of the company’s executives. The application was made last week and was already approved by the Alberta Securities Commission in Canada. This means that Sundial’s CEO and CFO are not ab
$Sundial Growers Inc.(SNDL)$A number of institutional investors and hedge funds have recently modified their holdings of SNDL. CAPROCK Group Inc. increased its position in shares of Sundial Growers by 24.0% during the fourth quarter. CAPROCK Group Inc. now owns 930,000 shares of the company’s stock valued at $538,000 after acquiring an additional 180,000 shares during the last quarter. Scotia Capital Inc. raised its position in Sundial Growers by 40.9% in the third quarter. Scotia Capital Inc. now owns 205,989 shares of the company’s stock valued at $140,000 after purchasing an additional 59,831 shares during the period. Van ECK Associates Corp boosted its holdings in Sundial Growers by 24.1% during the 3rd quarter. Van ECK Associates Corp now own
$Sundial Growers Inc.(SNDL)$SELL THE RUMOURS BUY THE NEWS??? How true???The principal reason for the delay is the significant amount of additional work and in-depth procedures required to be performed by the Company and its external auditor as 2021 is the first year that the Company is required to have an auditor attestation report on its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act of 2002. The Company becoming subject to the requirement to obtain an auditor attestation report on internal control over financial reporting is a function of the rapid growth in scale and level of corporate activity Sundial has achieved over the last two years. The process of obtaining such a report will assist the Company i
$Sundial Growers Inc.(SNDL)$Calgary, AB (March 10, 2022) – Sundial Growers Inc. (Nasdaq: SNDL) (“Sundial”) announced today that it will release its year-end and fourth quarter financial results ended December 31, 2021 after market close on March 29, 2022.Following the release of its year-end and fourth quarter 2021 financial results, Sundial will host a conference call and webcast at 10:30 a.m. EST (8:30 a.m. MST) on March 30, 2021.
$Sundial Growers Inc.(SNDL)$WILL EARNINGS REALLY COME TODAY?In the latest trading session, Sundial Growers Inc. (SNDL) closed at $0.53, marking a +1.96% move from the previous day. This change outpaced the S&P 500's 0.57% gain on the day. Elsewhere, the Dow gained 0.7%, while the tech-heavy Nasdaq added 0.08%.Heading into today, shares of the company had lost 35.91% over the past month, lagging the Medical sector's loss of 3.69% and the S&P 500's loss of 5.26% in that time. Wall Street will be looking for positivity from Sundial Growers Inc. as it approaches its next earnings report date.It is also important to note the recent changes to analyst estimates for Sundial Growers Inc. These revisions help to show the ever-changing nature of nea
$Twitter(TWTR)$Twitter is reportedly on the verge of accepting Elon Musk's $43 billion bid to take the social network private, according to a report.The Monday report by Reuters sent shares of Twitter soaring by more than 5% in premarket trading on Monday. Still, Twitter would be allowed to accept an offer from another party by paying Musk a break-up fee, the sources added.The move comes after Musk reportedly met with several shareholders over the weekend and outlined the specifics of his $54.20 per share bid for the social media platform, according to Reuters. Musk’s outreach forced the company’s board of directors to seriously consider the Tesla CEO’s $43 billion takeover bid, the report said.
$Sundial Growers Inc.(SNDL)$FULL YEAR AND FORTH QUARTER 2021 OPERATIONS AND INVESTMENT HIGHLIGHTSNet revenue for 2021 of CA$56.1 million ($43.57 million), a decrease of 8% over the previous year. Net revenue for the fourth quarter of 2021 was CA$22.7 million, an increase of 63% over the fourth quarter of 2020.Gross margin improvement to a loss of CA$7.0 million for 2021, compared to a loss of CA$49.9 million in the previous year. Gross margin loss of CA$2.5 million for the fourth quarter of 2021, compared to a loss of CA$4.7 million in the fourth quarter of 2020.Net loss from continuing operations of CA$230.2 million for the full year 2021 compared to CA$206.3 million loss in the previous year. Net loss from continuing operations of CA$54.8 millio
$Sundial Growers Inc.(SNDL)$Sundial Growers Inc. (Nasdaq: SNDL) ("Sundial" or the "Company") will be participating in the Benzinga Cannabis Capital Conference, which will take place on April 20 and April 21 at the Fontainebleau Miami Beach.
$Sundial Growers Inc.(SNDL)$House Speaker Nancy Pelosi is poised to push through legislation this week to end the federal prohibition on marijuana.Mrs. Pelosi, California Democrat, said the vote to legalize pot would not only signal a major shift in U.S. policy, but also deliver a stinging rebuke of the 20th century’s “War on Drugs. ”