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Gotta Agree. Zack George is a Moron
Zero cannabis or retail experience and the chump is now entangled with a bloated cannabis company that just acquired a large liquor retailer. Zach is a rich kid hedge funder and he’s not particularly skilled there either, well, the money management part.
Dude took over SNDL when it was around .25 and proceeded to dilute SNDL into oblivion. Now, after eroding all shareholder trust, blowing up the fundamentals and pissing away capital on frivolous acquisitions, SNDL is nearing .25 again with nothing good in sight.
SNDL did no organically grow revenue, management is shoehorning the Alcanna numbers into the mix. And SNDL is NOT profitable. Let me say that again for the r/SNDL idiots who are extra slowwwww……Sundial DOES NOT make profits! The company operates at a loss. Period
SNDL is NOT Profitable
Profit is revenue that is above and beyond operational expenses and Sundial operates at a loss. In the most basic sense, they spend $10 to make $7.
My initial instincts with SNDL were that the stock/company is trash. I went back and forth with some former posters here who were suspect of my analysis. Over time, those skeptics came around and finally agreed that SNDL is trash. You will too.
This stock can sometimes be a good trading vehicle but in no way is this company investment grade and likely never will be.
CEO Zack George Should Go Bye Bye Soon
Dude diluted the piss out of the company, then in turn pissed away that money on a bunch of bloated assets and here SNDL sits in not much better shape than when he took over. Sure bankruptcy isn’t not a likely option but a reverse split has a 99.99999999% likelihood of happening. Even worse is that the company operates at a major loss with no foreseeable path to profitability.
Zack has zero close to the plant experience. He is a rich kid born into the money management system. Dude doesn’t know cannabis, liquor or retail. GHimTFO
Can’t believe this fraud still trades
Gwyther and Jacob’s should be in jail.
I wonder how Ol Stephy Shearin is doing these days…..?
Only “Rule” Here is Non-Compliance
Looking like the reverse split is inevitable. No way to organically get this bloated pig over $1
No, they announce when it’s firm
Companies do not announce they are thinking about planning to possibly give a potential dividends.
Companies announces the board has approved a dividend that will be paid on this date.
The former is what pump and dumps do. The latter is what profitable companies do
After Fully Dissecting the Recent Earnings Reports I have come to the conclusion that SNDL is pure penny stock trash. Of particular note is the pathetic claim that management is “exploring” a dividend. Legit companies do not announce intentions like that….they just do it.
Zack George did not “lead a turnaround” as he and many longs like to do desperately claim. The dude diluted the piss out of the company and used the cash for dubious initiatives.
These morons couldn’t run a successful weed company and now it is an unwieldy behemoth of retail weed and liquor? Yeah, good luck with that.
I’m selling covered calls against every share I own, DGAF about the costs since the shares are paid for. Gotta get out of this junk and find a legit weed company instead of these hucksters
Letter from CEO
A note from Zack George, CEO of Sundial
Looks like Sundial Growers will be rebranding in large part because they business has expanded far beyond the “growing” part of the business.
Saying “official” as if it’s a foregone conclusion IS misleading. SNDL has 4 months, about 100 trading days to regain compliance. Like I said based on past performance, a reverse split is likely but let’s not say anything is official until the company says so
That’s Very Misleading - Split is Mentioned, Not Guaranteed
Full Year and 4Q Results
SNDL Earnings
Selling to Open Apr 29 1p
This is a no brainer if you’re looking to buy SNDL. Selling to open aka shorting Apr 29 1p would reduce your cost basis by half if the outs are assigned.
Apr 29 1p are trading at .50
Sell to open 10 contracts and pocket $500 in premium. If the shares are assigned the cost basis on $1000 worth of shares is cut in half by the $500 premium for selling the contracts. And if the shares get assigned, just sell covered calls against the newly acquired shares.
Uh yeah. We all know they are buying back $100mm worth of shares. Which again is counterintuitive. They dumped 1b new shares on the market to raise $500mm+ but then turn around and use some of that money for……a buyback? Why not just issue less shares is part of the capital raised is just going to buy back shares they dumped on the market? It’s window dressing at best.
Companies that issue credible and bullish buybacks do so using PROFITS to buy back shares, they don’t use diluted capital.
Considering the shares were issued to raise capital, using that capital for a buyback would seem counterintuitive.
You can’t squeeze 2billion shares
The float has to be locked up to squeeze a stock. With institutional holdings around 10% (200mm shares), retail estimated at about the same 10% and insiders at 4%, that leaves about 1.5billion freely floating shares.
Unfortunately I think it’s impossible to move SNDL without a reverse split
SNDL Covered Calls is a Low Risk ATM
Sell covered calls every time this pops. Guaranteed cash.
Disappointed but Not Selling
SNDL should be SOX compliant. SNDL should have been able to close the Alcanna deal sooner. SNDL should have been able to report earnings on time. As we’ve seen too many times before SNDL management has squandered much of the momentum instead of driving forward.
Nevertheless I’m not selling. Well, not my shares at least. I’d like to close my covered calls so the pullback isn’t so bad. I’m also buying some more Jan 23 .5c because my paper profit there is over 100% and instead of cashing out those contracts, I’m buying more so I can sell more covered calls.
Or not.
That post aged well! Earnings delayed, to be reported at a later date sometime before April 14.
Alcanna deal closing pushed back 1 day to March 31 for “customary closing considerations”. Sundial is expected to report record earnings……
Earnings reported tomorrow after the closing bell
Earnings call morning after tomorrow.
Should be exciting.
Or not.
Lots of calls, probably a ton of covered calls and naked calls. A bump in price would cause some of the naked call holders to buy shares to cover. Along with share accumulation could lead to a rally.
Or the report and recent volatility could wind down and the call sellers could just enjoy their premiums.
I’m heavy with shares that are in a lock box since they’re paid for. Some Jan 23 .50 leaps and short Oct 17 1-2c
Moor and Safe Act have been in front of both houses of Congress numerous times but maybe this time there is some real traction. Banking for MJ is essential since the federally illegal status has only allowed the business to be almost all cash and we’re talking billions. Taxes, payroll, all that jazz is handled in cash which is absurd.
Aside from legalization, SNDL has a lot going on;
$500mm cash
No debt
Billion dollar merge with Alcanna
Earnings on 3/29
Lots of good stuff here
SNDL is Penny Stock Trash
Pump and dump cliched nonsense run by inept management. The Alcanna “deal” is indicative how SNDL management cannot execute. The Sunstream “IPO” is comical, the groundbreaking (more like groin-breaking kick in the nuts) that was the caviar cones announcement…….Sundial is joke.
The only thing coming is an inevitable reverse split. No way around it. Has to happen, not so much based on Nasdaq compliance but mostly because the stock, and therefore the company is so repulsive to investment.
Major Sunstream Investment in the Works?
Over the past few months Zach and company have been meeting with execs from several psychedelics companies…..trying to dig deeper here….
Soon to be confirmed rumor?
Sundial will be entering the psychedelic market and is looking for an acquisition. Ol’ Zach had a meeting last week with MindMed folks…..
Buy back Friday?
Last hour of trading saw over 30mm shares traded and a whopper first hour of AH saw 50mm+
Could that be part of the scheduled SNDL buybacks? Even if all that volume was from the company itself, the dollar amount is still under the $100mm pledged for buy backs.
Assuming it was SNDL buying back shares, the bigger questions becomes for what reason? Perhaps it was just scheduled or maybe the Alcanna deal is closed and insiders are buying in case the pps spikes
MNMD Perspective
Financials are blah, lots of money being spent up front to develop a business, little revenue considering the tenuous nature of the respective products. One thing is clear, MindMed is going through trial phases with their medicine. That’s costs money to be spent and with legitimate government entities.
There are some high profile investors in the industry like Kevin O’Leary.
Hallucinogens and psychedelics like LSD, psilocybin and MDMA have undeniable mental health applications. Personally, I used them for years, somewhat sporadically and more in my youth. My experiences go from recreational at concerts to transcendental in small groups. I’ve tripped at parks, on the ski slopes even while bartending and at school. Many of these experiences have shaped my mental ability and are life affirming. Not once would I attribute any devious side effects while under the influence or long term.
Money-wise, the aforementioned drugs are an untapped juggernaut. Think of how much revenue has been generated on the black market over the years and translate that into Prozac or Lithium type applications…..that’s a lot of spicy meatballdollars! And there’s the recreational side too! This is just the beginning of the journey to riches……
I’m in for 10k shares on the recent dip. I’ve shorted (sold to open / long position) some ITM/NTM 1puts across current months to 3 months out, many of which were OTM when I sold so I’m sitting on gains. Not sure if I’ll exercise them yet but I am fine buying at $1 for now.
My maiden voyage on the USS MNMD trip
These Collective Industry Valuations are Silly
One drug alone could be worth $10b in value, particularly mental therapeutics.
Did you not read the article linked above?
Alcanna did not get 66% of the votes required for the merger because not enough Alcanna shareholders submitted their votes
Based on what grounds?
“Alcanna, Inc Announces POSTPONEMENT…..”
Uh it’s right there in the headline. The reason for the postponement is a lack of shareholder votes required to make the deal. To me that says Alcanna shareholders want nothing to do with Sundial. If shareholders were excited about the deal they would vote in droves but the opposite occurred.
I don’t know how this can be considered anything but bad. Sundial is toxic and nobody wants to be associated with the company, be it bagholders or potential outside partners
Alcanna Getting Cold Feet?
Postponing the vote. That’s NEVER a good sign.
Shorted Puts Here
Looking to get long MNMD into 2022
Aside from cannabis, the only drugs that live up to the hype are psychedelics; mushrooms, LSD and MDMA. I have had mental breakthroughs and some spectacular times with them. Truly a Mind Medicine
Game changer / disruptor in the mental health sector.
Bloat is all I see with SNDL
Bloated share count. Bloated and schizophrenic business model. Bloated, overpaid and clueless management.
At this point a reverse split is a foregone conclusion if they want to avoid delisting but that will be the death knell for shareholders, a final act to erode any leftover trust management may still have.
What would be smart is doubling the buyback and execs foregoing bonuses to show they mean business. A $200mm buyback could potentially strike 250-350mm shares from the count. Still not much but a good start. At least better than the window dressing that is the $100mm buyback
Should not have bought is more like it
Weed Industry Reminds me of Solar
So much promise but so many inept company managers. Also the margins on the products are so low. Funny that cartels made billions off illegal drugs but regulation and corrupt politicians are preventing the legal weed industry from thriving
Shorting puts has saved my butt
I rarely buy speculative stocks outright. With SNDL the majority of my share purchases have been from being assigned shares in the 1 strike puts I shorted. This has greatly reduced my cost basis. In conjunction with selling calls against the shares I have acquired my cost basis is null.
I have a remaining batch of covered calls to close today and then I’ll take the rest of the year off before I resume selling covered calls against my holdings.
There is no way I would hold SNDL without the ability to hedge. If, and likely when SNDL is delisted in February I will dump my shares because options will be gone.
SNDL is a really sh.tty company run by inept management who have zero understanding of the cannabis industry, and a pretty poor track record with their previous financial forays. The stocks reflects as much so not being able to hedge is an absurd risk.
Sundial needs to acquire itself.
This stock is being lead by unimaginative management. They are buying up nonsense because they can’t figure out how to make profits from the nonsense they already have.
Zach is basically running this like an acquisition target; foregoing the core business in order to pile on crap to make the company appear more valuable. Management has very little, if any experience with cannabis and it shows
I hope you’re selling covered calls.
This Sticky is all you need to know about GPFT.
A few years ago it was trading under a different ticker because it’s a typical penny stock trend scam
The gas pedal is stuck on the Fed Ferrari
There is no way the recent bull market is sustainable.
SNDL and MJ may be a bright spot during dark times but usually the a recession covers everyone in darkness
Fed signals end to stimulus, market throws tantrum
Is this not the ultimate signal that the entire run up over the past 5 years is a paper trampoline?
All I can say is S Q Q Q