Sundial Stock: Near-Death Experience, or Deep Discount Bargain?

 The year 2022 has been a difficult one for many industries that work against the backdrop of inflation and rising interest rates. Negative macro improvements have affected all corners of the Sunday quarterly report (SNDL).

Read More:

Search latest

Elon Musk thinks Twitter’s algorithm should be public. Here’s what that could mean

On March 24, a few weeks before he promised to buy Twitter, Elon Musk posted a survey on social media: "Twitter's algorithm should be open source," he wrote, with ways for users to vote "yes" or "no."   Some Twitter technology is already open source, which means it is publicly available for anyone to ...

Posted By

Grizler

0

0

Amazon ordered to reinstate warehouse worker who was fired after protest

Stock

Amazon is facing legal consequences for its history of expelling protest participants. Reports that Judge Benjamin Green has ordered Amazon to reinstate warehouse employee Gerald Bryson, who was fired from his position at the JFK8 facility on Staten Island (recently voted for merger) after allegedly violating language policies during COVID security. -1...

Posted By

Grizler

0

0

Posted By

Grizler

0

0

How dependent on Elon Musk’s comments is the crypto industry?

Stock

Elon Musk is the second richest man in the world, with an estimated net worth of $ 155bn. He has founded some of the world’s most successful tech companies from PayPal to Tesla, and his voice weighs heavily on technology circles, but his influence on the crypto market is astoundi...

Posted By

Grizler

0

0

They just revealed what they believe are the ten best stocks for investors to buy right now…

See the 10 stocks

Courtesy Grizler.com

#grizler #stock #trade

SPONSORED HEADLINES

He found bitcoin under $5… Now he’s revealing his next big crypto trade “on air”

The #1 Biggest Threat to Your Wealth Right Now

Is $3 EV ‘Wonder Stock’ Your Ticket to Boomtown?

Best Crypto to Buy for the Tokenization Revolution

The Canadian marijuana company has hit a total revenue of C $ 17.6 million, reaching a 29% decline in succession, as the slowest sales of the season reached its peak. Cannabis production decreased by 31% quarterly to C8.8 million dollars as supermarket and provincial sales increased - by about 64% and 14% Q / Q, respectively.

As the company stands looking at the pay scenario categories and moves away from offering discounts, Canaccord analyst Shaan Mir sees some of the “imminent challenges” of the business. "That being said," said the analyst, "we believe the introduction of new products will help to achieve successive successes in provincial sales channels starting at FQ2 / 22 (and the listing of 159 new products at YTD)."

Retail sales also declined respectively - by 24.5% from C $ 10.0 million on F4Q21 to ~ C $ 7.5 million. The company currently owns 183 cannabis outlets in Canada, although in line with previous executives' comments, given the "overcrowding" in many key markets, Mir hopes that Sundial will "slow down" the reopening of stores.

On the bright side, the Cash opex dropped from C $ 13.1 million to C $ 11.9 million, a continuous improvement by 9%. However, include a weak top-line, "muted margin profile," and reduced revenue from the company's investment arm, adj. EBITDA showed a loss of (C $ 0.6 million) per quarter compared to a profit of ~ C $ 18.4 million in FQ4 / 21, and fell far short of Mir's forecast of ~ C $ 10 million.

3 months ago, only one analyst reviewed SNDL's prospects, and they agreed with Mir's prediction, which gives Stock a consensus rating. Combined with the intent of the Canaccord analyst, the average price is up to $ 0.59, raising a 12-month high of 43%.