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Wednesday, July 07, 2021 5:03:07 PM
Side note: since cannabis is still federally illegal in the US, public companies are not allowed to invest in close to the plant companies. Therefore institutional investment in the cannabis industry is exceptionally low. This is an atypical situation where the little investor can actually get in before the big players. Unfortunately, with < 5% institutional ownership and < 1% insider ownership, there are loads of free shares, making retail shareholders responsible for about $1.5b worth of shares. That imbalance makes a short squeeze less likely but it does provide the little folk a window of ownership to acquire a decent amount of cheap shares.
Disclosure: Long 36k shares, short lots of covered calls…..holding thru July/August before selling. Also at some point the broader markets are going to collapse. Has to happen, when not if. I’m not sure how that will affect the cannabis industry since it may be one of the only areas for growth
Recent SNDL News
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/22/2024 03:05:55 PM
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- SNDL to Announce Second Quarter 2024 Financial Results on August 2, 2024 • PR Newswire (US) • 07/19/2024 09:38:00 PM
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- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/16/2024 03:14:20 PM
- SNDL Announces Overheads Restructuring Project and Operational Adjustments • PR Newswire (Canada) • 07/16/2024 11:00:00 AM
- SNDL Announces Overheads Restructuring Project and Operational Adjustments • PR Newswire (US) • 07/16/2024 11:00:00 AM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/08/2024 03:19:30 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 07/08/2024 03:18:29 PM
- SNDL Acquires Delta 9 Cannabis' Debt, Ascends to Senior Secured Creditor Status • PR Newswire (US) • 07/06/2024 01:15:00 AM
- SNDL Acquires Delta 9 Cannabis' Debt, Ascends to Senior Secured Creditor Status • PR Newswire (Canada) • 07/06/2024 01:15:00 AM
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- SNDL Enters into a Stalking Horse Purchase Agreement for Indiva Limited's Business and Assets • PR Newswire (US) • 07/05/2024 11:48:00 PM
- KCSA Cannabis Virtual Investor Conference Presentations Now Available for Online Viewing • GlobeNewswire Inc. • 06/06/2024 12:35:00 PM
- KSCA Cannabis Virtual Investor Conference Agenda Announced for June 5th • GlobeNewswire Inc. • 05/31/2024 12:43:44 PM
- SNDL to Present at the KCSA Cannabis Virtual Investor Conference June 5th • GlobeNewswire Inc. • 05/31/2024 12:35:00 PM
- Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16] • Edgar (US Regulatory) • 05/09/2024 03:15:53 PM
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- SNDL Reports First Quarter 2024 Financial and Operational Results • PR Newswire (US) • 05/09/2024 10:00:00 AM
- SNDL Reports First Quarter 2024 Financial and Operational Results • PR Newswire (Canada) • 05/09/2024 10:00:00 AM
- SNDL and Nova Cannabis Complete the Assignment of Dutch Love Stores to Nova Cannabis • PR Newswire (US) • 05/09/2024 09:30:00 AM
- SNDL and Nova Cannabis Complete the Assignment of Dutch Love Stores to Nova Cannabis • PR Newswire (Canada) • 05/09/2024 09:30:00 AM
- SunStream USA Poised to Acquire Cannabis Assets • PR Newswire (Canada) • 05/02/2024 11:00:00 AM
- SunStream USA Poised to Acquire Cannabis Assets • PR Newswire (US) • 05/02/2024 11:00:00 AM
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