(Intel-Publishing) SNDL — Sundial Growers is showing all the signs of a stock with huge breakout potential, and one that may launch very soon. With a 52 week high of $3.18 and a current share price of 69 cents, all eyes are on ticker SNDL as a new administration roles out this month.
We published an article giving our readers an alert following the SNDL PR last month. ”
Sundial Announces Completion of Financial Restructuring and Debt-Free Status
At the time SNDL was .48 cents per share. SNDL PR
Today 01–08–2020, We would like to once again alert our readers on SNDL going forward into 2021, and Here’s why:
A second catalyst: Note* To be considered Regardless of Investor’s views, beliefs, opinions, or positions politically — Democrats have control over congress, and with the Georgia runoffs, they took control over the senate. So from an Investors position only, based on this particular catalyst, and setting all personal political views aside , The question to be answered is, does SNDL break out further on these recent events?
Here’s what we know, Up until now Canadian cannabis companies couldn’t sell their products in the United States. That’s likely to change very soon. With the Democrats’ views that cannabis should be legal, and the tax dollars that are much needed for changes the politicians plan to make, there’s a strong chance of legalization ahead, meaning that SNDL will be able to export its products to the United States.
As the last two SNDL catalysts have occurred within a 17 day timeframe , it appears their charts and daily volume is now starting to reflect them. Yesterdays closing price was $0.6853 — up .20 cents from our original post on this ticker.
52-Wk Range — 0.1381 — $3.88
BOTTOM LINE:
SNDL has zero debt and an unrestricted cash balance of 62 Million dollars going into 2021, along with potential changes to the laws and a likely new revenue stream from sales in the United States. So the question remains, is SNDL a buy today or not?
If Sundial Growers can show profitability with their new debt-free position in the coming quarters, it will most likely continue to surge through 2021.
2021 @Intel-Publishing — As always, our readers are encouraged to do their own Due Diligence
