Sundial Growers Inc (SNDL)

[Canna_Business]

Lock in profits. This company has had 2 public offerings in the past year since the $4.00 breakout. They have a lot of shares outstanding. They can issue another public offering or reverse split at any time. It seems to be up during pre-market from light volume of only 4 million at around 8:00am which is only a fraction of the 400 million that it traded with when the market is open. I think many people will take profits today. Support looks good. I would set a stop limit for $0.72 and $0.99. This company has good products and good financials but unfortunately has a lot of shares outstanding. The prices of the products look good however the THC percentage is a little low with only 17-22% with the industry average being around 25% with the highs of 30% THC. I sold my position yesterday to break even after holding for three weeks. Good luck, everyone.

Canna_Business