Sundial Growers Inc (SNDL) News

https://www.cannabisbusinesstimes.com/news/sndl-successful-bid-acquire-purchase-indiva-canada-cannabis-market-london/

https://www.msn.com/en-us/money/markets/sndl-will-soon-pass-a-big-milestone-but-is-the-stock-a-buy/ar-AA1pexAg?ocid=finance-verthp-feeds

Another Victory for the Call Sellers.

The Aug 16 2.5x calls, and above, printed for those who sold after March but I feel bad for the big player(s) who sold the calls in February and January this year before the run-up. After doing some “research” I learned that the early Aug 16 2.5c sellers were forced to buy a load of shares (as well as OTM calls) to cover the position which likely contributed to the move from 1.35 to 2.93. Hindsight, amirite, most players don’t like to lament on losses which is why I’m just hearing about this trade. We’re not talking big money as the 2.5mm shares allocated in the open calls are a mere $6.25mm worth of shares to deliver but symbolically, it’s always interesting to hear about a large bet that goes south in the same way it’s fun to rubberneck a high stakes parlor game. Apparently between the premiums generated from selling the calls and the subsequent potions required to cover, the overall position was no great loss.

Anywhooooo, my Aug 16 cover calls expired worthless and I was able to buy back 2 strike covered calls at a lower cost basis so this month has been fruitful. Premiums baby, premiums. Gordon Gecko taught about corporate takeovers, but today’s Bud Foxes’ don’t care about owning the pasture when they can endlessly profit from milking the cows dry. The house may always win but that doesn’t mean the neighbors can’t join in. Yada, yada….

On to the next week, next month, next moment…I may buy some more leaps on Monday cause my sources say some fundamental developments are inevitable, always selling calls into pops, won’t short puts here cause I don’t need more shares. SNDL kinda sucks for the short terms but LFG.

I have much more to say about the cannabis industry as a whole….corporate interests have decimated the small players, aka retail shops that were the grassroots of the burgeoning industry, growers have long since sold out and been replaced by industrial ops. The next onslaught will be the marketing of cannabis to the USA, as if D.A.R.E never existed and we all accepted the medical efficacy of cannabis since its first documented use 5000 years ago.

Toe-tapping on the DEA rescheduling at which point the money flow cascades.

A quick informational note; Prior and current US law prevents public companies from involvement with companies dealing in substances classified by the DEA as Schedule 1 narcotics. Current dispensaries and grow ops in legal states STILL must use cash to process operational expenses like payroll, rent and even states/federal taxes!!! Despite states legalizing cannabis, major banks and public financial institutions are not allowed to invest or offer traditional financial services to companies “close to the plant”.

Well, when the DEA reschedules cannabis to Schedule 3, then those restrictions are removed. Hedge funds and venture capital can invest without penalty. Banks can loan money to credible cannabis related entities without fear of fines. Bonds can be issued for cannabis companies to expand their ventures. The dam will break, money will flow.

This industry will be massive and SNDL not only has their foot in the door, the company has half their body inside with a battering ram (banks, funds) standing in the doorway ready to breach with great force.

https://www.newcannabisventures.com/sndl-to-buy-rest-of-nova-cannabis-for-c1-75-per-share/

$SNDL Total Debt (mrq) $157.61M $.10 coming. Garbage

SNDL Reports Second Quarter 2024 Financial and Operational Results

https://sndl.com/news/news-details/2024/SNDL-Reports-Second-Quarter-2024-Financial-and-Operational-Results/default.aspx

You would prefer that it did not trade?

You would rather it didn't tray?

uuugh this thing still trades?

https://calgaryherald.com/business/local-business/calgary-based-cannabis-company-sndl-layoffs

Indiva has a large market share in BC and Ontario (27-31%). These are the largest Canadian markets. This would be a smart acquisition. I’d really like to see some more traction in the USA but that depends largely on rescheduling and finally opening the US cannabis market to financial institutions and vehicles.

I’m looking at you Joe. If you wanna save your administration and party I suggest you get the ball rolling here. This is a movement for freedom, for moving on from moronic (and racist) cannabis prohibition. Cannabis legalization is a fine way to please the “less government” crowd and kick the Project 2025 fascists in the nuts at the same time.

https://www.prnewswire.com/news-releases/sndl-enters-into-a-stalking-horse-purchase-agreement-for-indiva-limiteds-business-and-assets-302190270.html

https://www.newswire.ca/news-releases/sndl-acquires-delta-9-cannabis-debt-ascends-to-senior-secured-creditor-status-816714288.html

Xxc ^ cczxcxoxc coccyx c. Zdx cn

Best Covered Call Vehicle in the Game
SNDL is like a sieve and can’t hold gains whatsoever. If you hold shares you are doing yourself a great disservice not selling covered calls all day, especially during pops. Reinvest the profits in more SNDL shares if you like to build a position

https://finance.yahoo.com/news/heres-sndl-stock-could-fly-110500803.html

https://www.prnewswire.com/news-releases/sunstream-usa-poised-to-acquire-cannabis-assets-302134053.html

SNDL looking good here.
Should see a test of $3 soon enough

New Strikes for Monthly Call Options
The strike prices for monthly calls have been extended by $1-2.

Makes one wonder if market makers are anticipating a big move after earnings are released…..

SNDL................................https://stockcharts.com/h-sc/ui?s=SNDL&p=W&b=5&g=0&id=p86431144783

And full access to the IRS tax code

Write downs



The ground is shifting right under our feet

Also

MJ is a cash heavy industry that when changes happens

They can deposit that cash in the national banking system

Verses crypto currency’s or other assets

GLTA

KABOOM Goes the Dynamite
The MJ boom has officially begun. This is the spark that will engine an explosion!

See, as a Schedule 1 narcotic (I gagged writing that ignorance) cannabis is deemed to dangerous for society. Therefore, public and mostly high profile companies cannot be involved with entities that are close to the plant, meaning banks, hedge funds, venture capital firms and the like must stay away from cannabis related companies.

This all changes when cannabis is rescheduled.

The result will be billions upon billions of investment dollars pouring into the cannabis sector. Companies like Sundial will now have access to bank loans, lines of credits and other traditional financial services previously unavailable. That access comes with a major windfall…..NO MORE NEED FOR DILUTION AS A MEANS OF RASING CAPITAL.

Replacing dilution with bank loans will create a much more stable equities market!!!!!! I cannot stress the significance of what I just wrote!

And of course, Sundial, having NO debt and a small hoard of cash…..well, that’s just an absolute powder keg!!!!

Huge people, this is absolutely enormous!

GREEN DAYS ahead around the sector ;)

Are shorts covering??

Low value
on a limited share availability

on tight share float

Is a new 52w high coming for some home schooling??

GLTA

WASHINGTON (AP) — The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, The Associated Press has learned, a historic shift to generations of American drug policy that could have wide ripple effects across the country.

SNDL.............................https://stockcharts.com/h-sc/ui?s=SNDL&p=W&b=5&g=0&id=p86431144783

SNDL new 52 hi

SNDL.............................https://www.stockscores.com/charts/charts/?ticker=SNDL

SNDL.............................https://stockcharts.com/h-sc/ui?s=SNDL&p=W&b=5&g=0&id=p86431144783

$SNDL https://s201.q4cdn.com/372870431/files/doc_earnings/2023/q4/generic/SNDL-Q4-2023-Shareholder-Letter.pdf

Share buyback starting

$5 next target

$SNDL Did at least 1 Reverse split

$SNDL Total Debt (mrq) $167.03M

SNDL....................................https://stockcharts.com/h-sc/ui?s=SNDL&p=W&b=5&g=0&id=p86431144783

Been holding for too long, let it rip!

*Shares of cannabis stocks are trading higher after the German government approved cannabis legalization.

SNDL Inc. Up Over 19%, on Pace for Largest Percent Increase Since October 2022 -- Data Talk

Good news!

Good %%% gain!

Decent volume!

SNDL was pretty aggressive today.

2024 is Gonna Be EPIC for SNDL
Look at today’s reaction to Germany….SNDL up 20% while other pot stocks up 60%. And that just Germany. NY and CA alone have the population of Germany.

100 years of prohibition is crumbling down and the results will be glorious!

Once rescheduling occurs SNDL is gonna tear like no other. Banks, financial institutions and the like will legally be allowed to flood the sector with investment capital, loans, bonds and other financial services previous denied to this sectors.

I was around in 2014 when WA and CO legalization sent shady, fraudulent penny stocks up 10,000% in a few months. I made so much money then I bought my girlfriend a car, a wedding ring and I still have cash leftover today (and also the wifey ;)!

Fortunately I cashed out then because those penny stocks were a joke but SNDL is for real. The company already has nearly $1b in revenue, no debt with $170mm cash.

10 years later this boom is gonna be absolutely epic and I hope everyone has enough fuel for this ride. Hold on to your shares and take a seat cause we about to blast off. 2024 will be a year to remember!!!

$SNDL $SNDL $YCBD $IMCC $CGC $ACB
🪴 pic.twitter.com/LOZ8AEZK3z— THE FINAL COUNTDOWN (@READY_2_PROFIT) March 22, 2024

$SNDL Rising!

FULL YEAR AND FOURTH QUARTER 2023 FINANCIAL AND OPERATIONAL HIGHLIGHTS

-- Record net revenue for 2023 of $909.0 million compared to $712.2 million in 2022, an increase of 28%. Net revenue for the fourth quarter of 2023 was $248.5 million, compared to $240.4 million in the fourth quarter of 2022, an increase of 3%, with sequential growth in the Cannabis Retail and Cannabis Operations segments.

-- Gross profit grew to a record $190.4 million, or 21% of sales, for 2023, compared to $140.4 million, or 20% of sales, in the previous year, representing an increase of 36%. Record gross profit of $57.3 million, or 23% of sales, for the fourth quarter of 2023, compared to $43.6 million, or 18% of sales, in the fourth quarter of 2022. This improvement underscores the benefit of our supply chain optimization strategy, including the closure of the Olds, Alberta cultivation facility in October 2023.

-- Cash flow was negative $84.5 million in 2023, compared to negative $278.7 million, a 70% year-over-year improvement. In the fourth quarter of 2023, cash flow was negative $6.9 million, compared to negative $11.8 million in the fourth quarter of 2022, a 42% improvement. SNDL achieved positive cash flow in the second half of 2023, totaling $9.6 million.

-- Positive free cash flow1 achieved in the second half of 2023, totaling $17.7 million. This achievement was marked by positive free cash flow of $16.3 million in the third quarter of 2023 and $1.4 million in the fourth quarter of 2023, despite the working capital build up in anticipation of the holiday season in the latter quarter.

-- Operating income loss of $162.8 million for 2023, partly attributable to restructuring charges of $19.6 million and goodwill impairment of $29.0 million. This compares to a loss of $347.8 million in the previous year, marking a 53% improvement driven by revenue and margin expansion. Operating income loss of $84.9 million for the fourth quarter of 2023, including $13.3 million of restructuring cost and $29.0 million of goodwill impairment, compared to a loss of $154.6 million in the fourth quarter of 2022, a 45% improvement.

-- Adjusted EBITDA from continuing operations2 was $29.2 million in 2023, compared to an Adjusted EBITDA from continuing operations loss of $15.8 million in the previous year. Adjusted EBITDA from continuing operations was $3.5 million for the fourth quarter of 2023, compared to an Adjusted EBITDA from continuing operations loss of $7.5 million in the fourth quarter of 2022, a 147% improvement.

SNDL on Thursday reported an increase in fourth-quarter gross profit and higher revenue thanks to growth in its cannabis retail and operations units.

The New York-listed Canadian cannabis and liquor company reported a higher gross profit of 57.3 million Canadian dollars, or $42.5 million, up from C$43.6 million a year earlier.

Cash flow remained negative in the fourth quarter, but improved to a loss of C$6.9 million from a C$11.8 million loss in the prior-year period.

Net revenue in the quarter rose to C$248.5 million from C$240.4 million, and SNDL credited sequential growth in its cannabis retail and cannabis operations segments.

Chief Executive Zach George said that the fourth quarter capped off a successful year in which it achieved free cash flow in the second half of the year.