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 Increases
May 19, 2022 12:34 PM ETSundial Growers Inc. (SNDL)VFF, VLNS9 Comments4 Likes
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Alan Sumler
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Summary
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.
Bush of cannabis
Riccardo_Mojana/iStock via Getty Images
Sundial Growers (NASDAQ:SNDL) released it Q1-2022 report earlier this week. Although the company’s revenue numbers do not include Alcanna and Nova Cannabis yet, the company includes the two company’s Q1-2022 revenue and margin numbers. Sundial will include these numbers on future reports, and the company’s revenue numbers will increase above CA$100 million.
Sundial lists its current book value at USD$1.3 billion, or USD$0.53 per share. The stock currently trades around USD$0.42 per share. The company is valued 1.31x NTM Total EV divided by Revenues. Currently, market volatility will continue to affect Sundial’s stock price. Regardless, I rate Sundial Growers as a Buy, while it trades at this discount. If the stock price moves up to its book value, it represents over 20% upside potential.
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Long on this
$Sundial Growers Inc.(SNDL)$ will the bull start charging?