Marijuana Stocks To Buy: Sundial Growers (SNDL)
I recently covered Sundial Growers and felt it still has much to prove to its investors in terms of its fundamentals. However, one can’t argue with the momentum it’s riding after a solid third quarter, where gross revenues were up 57% quarter-over-quarter and up 12% year-over-year (YOY).
Moreover, its acquisition — liquor store chain Alcanna — expects to have an even better fourth quarter. Additionally, SNDL stock trades its book value and right around 60 cents per share.
This year, sundial Growers became a meme stock and consequently took advantage of that status to fortify its balance sheet. It now boasts $629.14 million CAD in cash equivalents as of September. Hence, it could be an incredible platform to push forward and continue investing in new targets.
